Bitcoin hits new all-time high as dollar inflation rises for first time since March
According to the latest data released by the U.S. Bureau of Labor Statistics last Wednesday, the Consumer Price Index (CPI) in October fell to 2.6% year-on-year over the past 12 months. This change may indicate that a full-scale bull market in dollar-denominated assets is about to officially begin in 2025.
Source: U.S. Bureau of Labor Statistics <br />
It is worth noting that the increase in CPI, an important indicator to measure the change in the purchasing power of the US dollar, also means an increase in the prices of a basket of consumer goods in our daily lives. Source: investing.com The CPI continued to decline from March to September, prompting the US Federal Reserve to cut interest rates in September. After the rate cut, the price of Bitcoin began to recover and continued to rise until October, while the stock market on Wall Street also rose. Major US stock indices such as the S&P 500 hit record highs this month and last month.
Hidden taxes for U.S. taxpayers: $1.2 trillion in annual interest on national debt. Can the 2024 presidential election turn the tide?
What would you think if your annual bill suddenly had an extra $8,100 in "debt interest tax"? This is not a fictional plot, but a reality facing American taxpayers.
Monthly trend chart of U.S. federal government debt | Source: ceicdata
The current size of the U.S. national debt has reached 35.5 trillion U.S. dollars! As the size of the U.S. national debt continues to expand, the U.S. has to pay as much as 1.2 trillion U.S. dollars in interest on the national debt each year.
💰 Where does this money come from? The answer is obvious. This money will eventually fall on the shoulders of the American taxpayers.
🚀Bitcoin's market value approaches the 2 trillion mark, targeting Amazon and Alphabet
Bitcoin's market value has reached a new high! Today, it hit a historic peak of nearly $1.96 trillion, with the price soaring to $98,886. This number means that Bitcoin's market value has surpassed that of the Middle Eastern oil giant Saudi Aramco, second only to Google's parent company Alphabet's $2.06 trillion and e-commerce giant Amazon's $2.08 trillion!
Currently, Bitcoin's market value accounts for 10% of gold's market value, and it also exceeds half of the market value of the world's largest company, Nvidia, which is $3.59 trillion. The total market value of Bitcoin is currently $200 billion higher than that of the entire silver market!
According to Coingecko data, as of now, Bitcoin's price has increased by 12.7% over the past seven days, with the highest price briefly approaching $99,500. Analysts believe that the news of the Trump team planning to establish a position in the White House specifically responsible for cryptocurrency policy is a key factor driving this increase in Bitcoin's price.
Market analyst Tony Sycamore stated, "Buyers are strong right now, and while I'm not sure if everything will go smoothly as the price approaches the $100,000 mark, demand seems to be endless." Bitwise's CEO Hunter Horsley also mentioned, "Bitcoin is the greatest wealth transfer plan in the world today."
Also worth noting is that Bitcoin whale MicroStrategy has announced it will accelerate its Bitcoin purchases, and the debut of the U.S. spot Bitcoin ETF options has also added fuel to the market.
TradingView charts show that Bitcoin's market share soared to 61.53% yesterday, ranking first in terms of cryptocurrency market capitalization.
On the other hand, according to Coingecko data, Ethereum's market value has also reached $406.9 billion, surpassing the market value of Procter & Gamble, which ranks 33rd.
Additionally, Ethereum's price has increased by over 10% in the past seven days, accounting for 11% of the total cryptocurrency market capitalization; while stablecoins rank third with nearly 4% of the cryptocurrency market share.
Finally, how long do you think this surge in Bitcoin will last? Will Bitcoin's market value exceed Amazon's in this cycle?
Experts Predict Bitcoin Price Surge to $150,000 Timeline
Recently, Bitcoin has shown strong upward momentum, which has sparked widespread speculation within the cryptocurrency community. Numerous cryptocurrency experts have made predictions that Bitcoin is very likely to rise to $100,000 or even higher within the current market cycle. This digital asset seems poised to witness a significant increase in price range, with its future trajectory being closely watched. $100,000 or even higher Currently, the cryptocurrency community generally expects Bitcoin's value to rise to six figures. In this context, market analyst and investor Ali Martinez has made a bold prediction that BTC's price is expected to soar to the $150,000 mark within the current cycle, and he also offered insights on the potential timeline for this target.
📢Breaking News: SEC Chairman Gary Gensler Announces Resignation in January!
Current Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler announced on Thursday that he will officially resign in January.
He confirmed this news in a statement on social media X and in an article on the SEC's official website, stating that ensuring the global leadership of U.S. capital markets has been the honor of his life. Gensler expressed gratitude to President Biden and emphasized that the SEC has never shied away from enforcing the law.
It is worth noting that in the cryptocurrency sector, Gary Gensler's reputation is not good, mainly due to his initiation of multiple enforcement actions against industry leaders and his overly cautious approach in pushing for regulatory rules concerning emerging asset classes such as cryptocurrencies. However, with Donald Trump's victory, the market generally expects that the new government may bring a more lenient regulatory environment for cryptocurrencies.
Following the announcement of Gensler's resignation, the price of Bitcoin surged, successfully breaking through the $9,800 mark.
This price movement may reflect the market's positive expectations for cryptocurrency policies under the new government leadership, as well as investors' responses to the possibility of a friendlier regulatory stance from the new government.
In summary, the rise in Bitcoin could indicate investors' expectations for the new SEC leadership and hopes for a potential easing of the cryptocurrency regulatory environment. With Gensler's departure, we may see the arrival of a more open and friendly regulatory era for cryptocurrencies.
💬 What are your thoughts on Gensler's resignation and the SEC's future regulatory direction? How do you think this will impact the cryptocurrency market? Share your views in the comments section, and let’s discuss the future of cryptocurrencies together!
Bitcoin has been on fire lately, with a market cap approaching the $2 trillion mark, and everyone is talking about it on social media. Santiment’s X tweet has sparked speculation about which cryptocurrencies will see a big rally next.
Bitcoin is definitely the first to be hit, with the cryptocurrency soaring from $65,000 to $99,000 in the past 30 days, up more than 50%. Although the price of Bitcoin took a short break between $87,000 and $92,000 at the beginning of this week, it rose nearly 5% in 24 hours to a record high of $98,700.
In addition, MicroStrategy, a company that uses Bitcoin as a treasury reserve, has also become popular on social media. Since the beginning of 2020, MicroStrategy has been hoarding Bitcoin, which has a significant impact on the value of their stock MSTR.
At the same time, everyone believes that MicroStrategy’s large Bitcoin holdings and its role as a leveraged investment tool will further push up the price of Bitcoin.
Next is Litecoin (LTC), known as the "silver" of Bitcoin. We all know that Bitcoin has the property of storing value. Although LTC also has this property, its price is relatively stable compared to Bitcoin. Therefore, people have different views on the market sentiment in the future.
The bullish view in the community believes that LTC has great potential; the bearish view is worried about its long-term viability as a store of value. Santiment added that this shows that people are very interested in Litecoin.
In short, as the market's acceptance of cryptocurrencies increases, we may see more altcoins become the new favorites of investors. However, this also reminds us that the cryptocurrency market is still full of volatility, and investors should pay attention to risk management while pursuing high returns.
💬 What do you think? Do you have a different opinion? Which cryptocurrencies do you think will be the big winners in the next batch? Leave your opinion and reasons in the comment area!
Shanghai court clarifies crypto regulation: it is legal for individuals to hold cryptocurrencies such as Bitcoin
The legality of Bitcoin and other cryptocurrencies in China has been a hotly debated topic among investors and legal experts. Recently, a ruling by a Shanghai court brought new answers to this discussion. The court made it clear that it is legal for individuals to hold Bitcoin and other digital assets under current Chinese law. Against the backdrop of an evolving regulatory environment, this ruling not only provides clear legal support for domestic Bitcoin holders, but also provides important regulatory signals for the future development of the entire cryptocurrency sector. Legal ownership of Bitcoin held by individuals
🚀MicroStrategy raises $2.6 billion to increase its Bitcoin reserves, Saylor aims to push Microsoft to join the ranks of Bitcoin investment
To further expand its Bitcoin investment plan, MicroStrategy recently raised $2.6 billion through bond sales, making its company's market value successfully among the top 100 companies in the United States.
In addition, MicroStrategy's stock has performed particularly well this year, with an increase of nearly 700% and a market value approaching $100 billion. It is worth noting that although the current share price of MSTR exceeds $400 per share, this is the price after the 1:10 stock split in July. In fact, MSTR's share price is equivalent to more than $4,000 per share.
Since the company adopted the Bitcoin investment strategy, MicroStrategy's stock price has soared from $20 per share to more than $4,000 per share, an increase of nearly 200 times. This transformation has made the company leap from a bankrupt company to a new darling of Wall Street.
Today, more and more companies are beginning to imitate MicroStrategy's strategy, converting idle cash or assets into Bitcoin, and have reaped rich rewards.
On the other hand, at the X Spaces conference hosted by VanEck on November 19, Saylor announced that he had been invited to give a three-minute speech to the Microsoft board of directors, with the goal of persuading board members to consider investing part of their cash reserves in Bitcoin.
Despite unsuccessful attempts to discuss privately with Microsoft's CEO, Saylor will still support the inclusion of Bitcoin investment in Microsoft's agenda at the December shareholders' meeting. He believes that Bitcoin can bring more stable corporate value to the company.
Although Microsoft's board of directors recommended against the proposal, Saylor insisted that Bitcoin investment is an option worth considering for cash-rich companies.
Some analysts pointed out that nearly 98.5% of the market value of #微软 depends on quarterly financial performance, while non-financial related value accounts for only 1.5%, which exposes the company to higher risks and volatility. If Microsoft adopts a Bitcoin investment strategy, it is expected to enhance stock liquidity, improve stability, and reduce the risk of sharp fluctuations in its stock price.
Currently, Bitcoin is trading close to the $100,000 mark. But from a long-term investment perspective, Bitcoin still has value potential. At the same time, Bitcoin has become a focal asset for competition among different countries, companies and individual investors.
🔥 Trump is considering appointing Guillén, a lawyer who supports cryptocurrencies, as the new chairman of the SEC, and the cryptocurrency circle is boiling!
The Trump team is considering replacing the chairman of the U.S. Securities and Exchange Commission (SEC), and it seems that they want to find someone who is friendly to cryptocurrencies.
The latest rumor is that Teresa Goody Guillén may take over. She is now a partner at BakerHostetler and co-head of the blockchain team.
Since Gary Gensler hinted last week that he was leaving, everyone is now guessing who will be the next chairman of the SEC. Kobeissi Letter said that Trump is looking for a SEC chairman who supports cryptocurrencies, and Guillén is one of the people he is considering appointing.
In response, Brendan Playford, co-founder of Masa, said that Guillén is the best of all the candidates and she has a super clear understanding of the law and how the SEC works. "We just need someone who is super supportive of cryptocurrencies to change the entire industry immediately!"
At the same time, Charley Cooper, former chief operating officer of the CFTC, also said that Guillén's appointment would "dramatically reverse the practices of the previous government."
Even Gillen himself said that the US cryptocurrency and capital markets will flourish under Trump's leadership. "The public has made it clear that the current government must meet the will of the people."
1kx General Counsel Larry Florio also praised Gillen, saying: "She will be an excellent candidate for the SEC chairman, pragmatic and motivated, and she is also my first choice. What we need is reasonable and comprehensive supervision, which can promote innovation and prevent fraud."
Currently, the selection criteria for the SEC chairman include support for cryptocurrency, non-bureaucratic career background, tendency to adopt light-touch supervision, and a positive attitude towards reforming institutions. In addition to Gillen, Robinhood's Dan Gallagher and former Auditor General Brian Brooks are also potential candidates.
Previously, Ripple's CEO even warned that if Robert Stebbins, who has always been unfriendly to cryptocurrency, was selected, it would take us back to the era of regulatory enforcement!
💬What do you think about this? Do you think Gillen can really bring about the changes needed in the industry? Or do you think there are other candidates who are more suitable than her and can better drive the industry forward?
❄ To save energy, Russia launches winter cryptocurrency mining ban in key regions
In order to conserve winter energy, Russia has decided to suspend cryptocurrency mining in some areas. This means that regions such as Irkutsk, Buryatia, and several others may have to temporarily say goodbye to mining this winter.
Reports indicate that the ban will start in December and last until March next year, with some areas in the North Caucasus and Ukraine possibly facing a year-round prohibition.
This year, Russia has become the world's second-largest cryptocurrency mining center, with mining electricity consumption reaching 16 billion kilowatt-hours annually, accounting for 1.5% of the country's total energy consumption. This poses a significant challenge for regions with tight electricity supplies.
About a month ago, Russia introduced a new legal framework requiring individuals and companies engaged in mining to register with the tax office. Those whose monthly mining electricity consumption exceeds 6,000 kilowatt-hours must register as individual entrepreneurs. The government also plans to share mining data electronically with the central bank, electricity companies, and others.
Meanwhile, last week, the Russian government revised its cryptocurrency tax policy, defining cryptocurrency as property for taxation purposes. Mining income is taxed based on market value, but miners can deduct certain expenses. Transactions involving cryptocurrencies are exempt from value-added tax.
Although trading cryptocurrencies is illegal in Russia, the adoption rate among Russians has increased due to war and sanctions. At the same time, cryptocurrency services in Russia are very popular, attracting significant domestic and foreign investment.
This includes a surge in large-scale institutional transfers, as well as increased activity from Russian exchanges that do not require KYC, successfully achieving significant growth in DeFi and balanced growth in traffic for centralized exchanges.
Conclusion:
Russia's winter ban on cryptocurrency mining alleviates electricity shortages and demonstrates an emphasis on energy efficiency and policy adaptability. At the same time, it strengthens taxation and regulation of cryptocurrencies, which may have significant implications for global markets in terms of legality and regulation.
What are your thoughts on Russia's winter mining ban? In the context of energy shortages and environmental protection, how do you think the mining ban will impact the local cryptocurrency market?
🚀 MicroStrategy's Bitcoin investment far exceeds that of tech giants, with trading volume crushing Apple, Amazon, and Meta
Once a business intelligence company, MicroStrategy has now transformed into a major Bitcoin player, and their trading volume actually surpasses the combined total of Apple, Amazon, and Meta!
On November 19, 2024, MicroStrategy's trading volume reached an astonishing $21.8 billion, with its market value skyrocketing by 237% since August, far exceeding Bitcoin's 61% increase during the same period.
According to data from HODL15Capita's X post, as of yesterday, MicroStrategy's 24-hour trading volume ranked third, following Nvidia and Tesla, nearly three times that of Apple!
Some analysts attribute this to the launch of the 2x leveraged MicroStrategy ETF in early August, which manages approximately $3.8 billion in assets and has brought over $7.7 billion in leverage effect to MSTR stock.
Since 2020, MicroStrategy has turned its attention to BTC as a means to hedge against macroeconomic instability. They not only buy for themselves but have also encouraged other companies, such as Japan's Metaplanet, to follow suit. Recently, they purchased 51,780 BTC for $4.6 billion, bringing their total Bitcoin holdings to over 331,200!
Observers have also noted that whenever MicroStrategy buys Bitcoin, the price volatility of Bitcoin tends to increase. Additionally, MicroStrategy's Executive Chairman Michael Saylor revealed during a recent X live broadcast that he has been invited to briefly report to the Microsoft board on investing in Bitcoin.
Conclusion:
MicroStrategy's transformation and Bitcoin investment strategy have not only made it a major Bitcoin player in the business world but also demonstrated that the surge in trading volume and market value reflects a positive market response to this strategy.
Furthermore, Michael Saylor's invitation to report on Bitcoin investment matters to the Microsoft board may indicate a growing interest in cryptocurrencies among large tech companies.
This move not only shows an increased acceptance of Bitcoin as an asset class but could also mean that traditional internet companies like Microsoft will consider incorporating Bitcoin into their financial management or exploring the potential of blockchain technology in their businesses.
In summary, Bitcoin investors can judge whether it is time to sell Bitcoin by paying attention to key indicators such as the market value to realized value (MVRV) ratio, the crypto fear and greed index, the number of days to destroy coins (CDD), and the inter-exchange flow pulse (IFP). At the same time, although there are still a lot of unrealized profits in the current market, the MVRV ratio and market sentiment indicators show that Bitcoin has not yet completely reached its peak. But as investors, we should continue to monitor these indicators to grasp the best time to escape the top.
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🚀CryptoQuant: Here are the best times to consider selling Bitcoin
The continued surge in Bitcoin (BTC) prices, which recently reached an all-time high of $95,033, has sparked heated discussions among investors about whether they should take profits or continue to hold.
CryptoQuant, an on-chain analysis platform, provides some key indicators to help investors determine whether they should sell Bitcoin.
The analysis points out that indicators such as the market value to realized value (MVRV) ratio and the crypto fear and greed index can effectively indicate the timing of Bitcoin's top, thereby helping investors decide when to sell.
The MVRV ratio shows the profit or loss situation in the Bitcoin market, while the actual price range represents the average cost basis of all Bitcoin investors.
Historical data shows that when the MVRV ratio exceeds 3.7, it usually indicates that the market has reached a top and is a strong sell signal. Currently, the MVRV ratio is about 2.5, indicating that Bitcoin has not yet reached a top despite the large amount of unrealized profits in the market.
Market sentiment can also be assessed by analyzing a variety of factors such as the Crypto Fear and Greed Index, including volatility and social media trends.
The index is currently at 82, showing extreme greed among investors, suggesting that the top is coming. At the same time, when Bitcoin reaches its peak, long-term holders usually start to sell, and the coin destruction days (CDD) indicator will surge to 15 million to 20 million.
CDD measures the age of Bitcoin by multiplying the number of coins moved by the number of days the asset has been dormant, reflecting the activation of a large number of dormant assets by long-term holders.
In addition, monitoring the growth of Bitcoin's actual market value is also an important indicator for determining when to sell BTC. Low actual market value growth rate indicates insufficient new capital inflows, which may put pressure on Bitcoin prices.
At the same time, the decline in inter-exchange flow pulses (IFP) also means that the transfer of Bitcoin from derivatives exchanges is decreasing, which may indicate that the asset has peaked. Therefore, the bearish IFP signal also prompts investors that it is time to sell Bitcoin.
What do you think of these indicator analyses provided by CryptoQuant? What market signals or indicators do you refer to when deciding to buy or sell Bitcoin?
🚀CryptoQuant: Here are the best times to consider selling Bitcoin
The continued surge in Bitcoin (BTC) prices, which recently reached an all-time high of $95,033, has sparked heated discussions among investors about whether they should take profits or continue to hold.
CryptoQuant, an on-chain analysis platform, provides some key indicators to help investors determine whether they should sell Bitcoin.
The analysis points out that indicators such as the market value to realized value (MVRV) ratio and the crypto fear and greed index can effectively indicate the timing of Bitcoin's top, thereby helping investors decide when to sell.
The MVRV ratio shows the profit or loss situation in the Bitcoin market, while the actual price range represents the average cost basis of all Bitcoin investors.
Historical data shows that when the MVRV ratio exceeds 3.7, it usually indicates that the market has reached a top and is a strong sell signal. Currently, the MVRV ratio is about 2.5, indicating that Bitcoin has not yet reached a top despite the large amount of unrealized profits in the market.
Market sentiment can also be assessed by analyzing a variety of factors such as the Crypto Fear and Greed Index, including volatility and social media trends.
The index is currently at 82, showing extreme greed among investors, suggesting that the top is coming. At the same time, when Bitcoin reaches its peak, long-term holders usually start to sell, and the coin destruction days (CDD) indicator will surge to 15 million to 20 million.
CDD measures the age of Bitcoin by multiplying the number of coins moved by the number of days the asset has been dormant, reflecting the activation of a large number of dormant assets by long-term holders.
In addition, monitoring the growth of Bitcoin's actual market value is also an important indicator for determining when to sell BTC. Low actual market value growth rate indicates insufficient new capital inflows, which may put pressure on Bitcoin prices.
At the same time, the decline in inter-exchange flow pulses (IFP) also means that the transfer of Bitcoin from derivatives exchanges is decreasing, which may indicate that the asset has peaked. Therefore, the bearish IFP signal also prompts investors that it is time to sell Bitcoin.
What do you think of these indicator analyses provided by CryptoQuant? What market signals or indicators do you refer to when deciding to buy or sell Bitcoin?
₿ Bitcoin ETF absorbs 9,000 BTC in a day, exceeding daily production of miners, is a supply shock imminent?
Since the Bitcoin ETFs started trading in the United States, they have been absorbing a large amount of Bitcoin. On November 19 alone, they absorbed up to 9,000 coins, compared to only 450 new Bitcoins mined by miners that day!
Currently, these 11 Bitcoin ETF funds have collectively attracted $814 million in inflows, which indeed shows the market's tremendous enthusiasm and positive response to these ETF funds.
If these funds continue to buy like this, a supply shock is just a matter of time. Additionally, the halving event in April, which cuts the reward for mining new blocks in half, could also catalyze a new round of market bubble.
However, the current market enthusiasm shows no signs of waning. In just two days this week, over $1 billion has flowed into spot Bitcoin ETFs. Notably, Ark 21Shares, Fidelity, and BlackRock saw inflows of $267.3 million, $256.1 million, and $213.5 million respectively on Tuesday.
Moreover, Bitwise, Grayscale, and VanEck funds also experienced some inflows this week. Since their launch in January, the total inflow for these ETF products has reached $28.5 billion. This indicates that the rebound is driven by institutions, while retail investors have not yet entered the market on a large scale.
Meanwhile, BlackRock's iShares Bitcoin Trust (IBIT) options also began trading on Tuesday, with nearly $2 billion in trading volume on the first day. Analysts say this phenomenon seems to be one of the key factors driving Bitcoin prices to new highs.
Nate Geraci, president of ETF Store, commented: "Options provide institutional investors with a new dimension, making it easier and more attractive to enter this field."
Currently, spot Bitcoin ETF options are only available outside the United States. This could give Bitcoin the largest liquidity support globally, and with continued inflows, it is expected to further push up Bitcoin prices.
Bitcoin prices reached a historic high of just over $94,000 yesterday, and although it has now retreated to around $93,000, the upward momentum remains strong!
What do you think? Does this wave of Bitcoin ETFs and options herald a new era for cryptocurrencies? Share your thoughts in the comments!
🔥 Trump's Private Meeting with Coinbase CEO Sparks Heated Discussions in the Community!
This Monday, Coinbase CEO Brian Armstrong held a private one-on-one meeting with former President Trump. While the agenda and details of the meeting were not disclosed in advance, it garnered widespread attention in the industry.
Notably, although Armstrong emphasized that his company has invested nearly $50 million in supporting candidates with pro-cryptocurrency policies, he has maintained neutrality in this U.S. election. He stated that he is willing to discuss regulatory issues with the government regardless of whether Trump or Harris is elected.
Some believe that as the CEO of a cryptocurrency exchange facing the strictest regulations, Armstrong's neutral stance is understandable.
The core topics of the closed-door meeting included potential appointments to the leadership of the SEC and CFTC, two key financial regulatory agencies, as well as the possible implications of these appointments on cryptocurrency regulation.
Additionally, the discussions covered the lawsuit initiated by SEC Chairman Gary Gensler and the uncertainty surrounding SEC regulation following Gensler's imminent departure. Potential candidates for CFTC leadership, such as Summer Mersinger and Josh Sterling, were also part of the discussions. Overall, this meeting highlighted the urgent need for regulatory transparency and clarity in the cryptocurrency industry.
Speaking of Trump, we must mention his remarks at the 2024 Bitcoin Conference. At that time, he promised to create a dedicated Bitcoin and cryptocurrency advisory board for the presidency, responsible for providing transparency regarding cryptocurrency regulation and references and suggestions for laws and regulations. This plan is expected to be implemented within the first 100 days of Trump's administration, likely around March or April of next year.
For us, what kind of cryptocurrency regulatory framework the Trump administration will propose is undoubtedly a matter of great concern. This not only relates to the future of the cryptocurrency market but also affects the decisions of every single investor. Let us wait and see what kind of transformation will arise from this intersection of industry regulation and technology.
🚀Analysis of MicroStrategy's Zero-Interest Bond Financing and Bitcoin Investment Strategy
Recently, MicroStrategy has once again demonstrated its operational capabilities in the capital markets. They successfully raised $1.75 billion by issuing senior convertible bonds and plan to use these funds to purchase more Bitcoin.
This move not only reflects MicroStrategy's deep understanding of Wall Street capital operations but also shows how they cleverly utilize financial instruments to expand their Bitcoin holdings.
We all know that over time, the value and purchasing power of the dollar may decrease due to inflation and other factors, meaning that future dollars will be worth less than they are now. MicroStrategy has cleverly leveraged the issuance of bonds to borrow dollars at near-zero interest rates, and subsequently invested these funds in Bitcoin, which has undoubtedly been a standout asset in the investment world over the past 15 years and is expected to appreciate over time.
If you are concerned about investment returns, then MicroStrategy's performance is definitely worth noting. This year, despite Bitcoin's increase of 120%, MicroStrategy's stock price has surged by nearly 560%.
This indicates that during a bull market, investing in MicroStrategy stock may yield higher returns than directly investing in Bitcoin. Therefore, some argue that MicroStrategy essentially represents a leveraged Bitcoin investment.
However, in the investment market, high returns often come with high risks. Once the market declines, MicroStrategy's stock price may drop more sharply than Bitcoin. Therefore, investors must remain vigilant and closely monitor real-time market dynamics while enjoying high returns.
In summary, for those who held MicroStrategy stock over the past year, their investment returns are several times greater than holding Bitcoin. This also proves the effectiveness of MicroStrategy's strategy and reminds us that in the investment field, the right strategy and timing are equally important.
What are your thoughts on MicroStrategy's investment strategy? Do you think this indirect corporate investment in Bitcoin will be a trend in the future? In investment decision-making, do you place more emphasis on the choice of strategy or the timing of entry?
🧐 Trump's media company Truth Social is negotiating to acquire the cryptocurrency platform Bakkt
According to the Financial Times, Trump's social media company Truth Social is in talks with the cryptocurrency platform Bakkt Holdings to acquire Bakkt. Bakkt is an institutional cryptocurrency asset platform backed and supported by ICE, the parent company of the New York Stock Exchange.
Upon this news, Bakkt's stock price soared by 160%, and Trump's media stock rose by 17%. Although the details of the deal have not been disclosed, it is said that the transaction value may exceed $100 million!
Chris Weston, head of research at Pepperstone Group, stated that this event has revitalized the cryptocurrency market and may have provided a positive boost to market sentiment.
Jim Angel, a finance professor at Georgetown University in Washington, commented that the only advantage of Trump’s media is the label of being the new president. Currently, the cryptocurrency community strongly supports the president, and they are all looking forward to returns.
However, it is worth noting that this cryptocurrency custody and trading platform received a non-compliance warning from the New York Stock Exchange in March.
There are also views that Trump has promised to promote regulations favorable to cryptocurrency assets and establish a national strategic Bitcoin reserve, and this acquisition of Bakkt may be a manifestation of that promise.
There’s more good news, as Bloomberg's latest report states that Nasdaq is about to list options for BlackRock's iShares Bitcoin Trust, and Goldman Sachs is also planning to spin off its cryptocurrency asset platform, which are all signs of the deepening integration of cryptocurrency and blockchain technology into the financial system.
As of now, the market capitalization of cryptocurrency has rebounded to a historic high of $3.2 trillion. At the same time, Bitcoin has risen by 37% since Trump's election win, and is now less than 10% away from $100,000.
What are your thoughts on this potential deal exceeding $100 million? Is the future of cryptocurrency looking brighter? See you in the comments!
🖼️The United States Will Assist in the Seizure Case of Bitcoin by Incorporating a MacBook Pro into its National Museum Collection
On November 20, Smithsonian Magazine reported that the National Museum of American History has incorporated a 2019 MacBook Pro laptop into its national currency collection.
Notably, this laptop played a key role in the largest cryptocurrency seizure case in U.S. history, recovering approximately $3.6 billion worth of stolen Bitcoin. This event also marks a significant turning point in the shift of cryptocurrency from anonymity to traceability.
The incident began back in 2016 when hacker Ilya Lichtenstein stole nearly 120,000 Bitcoins from the Bitfinex exchange, worth about $70 million at the time, and conspired with his wife Heather Morgan to launder the money.
IRS special agent Chris Janczewski used blockchain technology to trace the stolen Bitcoin and discovered crucial digital keys through this laptop, ultimately seizing $3.6 billion in funds and arresting the suspects. Currently, the value of these assets has risen to approximately $8.6 billion.
The laptop is now displayed in the "Value of Currency" exhibition, alongside historical forms of currency such as shells, gold, silver, and paper money, collectively telling the story of humanity's evolving definitions of value. This exhibition not only showcases how the physical forms of currency have evolved over time but also reflects how technology has changed our understanding of money and value.
In summary, the incorporation of this 2019 MacBook Pro not only enriches the exhibits of the National Museum of American History but also opens a window for us to deeply understand the impact of blockchain technology on the financial system. It symbolizes the power of collaboration between technology and law enforcement in combating cybercrime while highlighting the complexity of digital currencies and their central role in modern society.
💬 Do you think blockchain technology will continue to influence and shape the future financial system? In the face of increasing security issues in the digital currency space, what measures should we take to mitigate the risk of asset theft?