#BitwiseBitcoinETF Donald Trump's promise that all remaining Bitcoin should be "made in the USA" may prove to be one of the most difficult to fulfill.
This is reported by Bloomberg agency.
Trump made this promise in June in his post on the Truth Social platform after a meeting at Mar-a-Lago with a group of executives from companies engaged in cryptocurrency mining.
"This is a typical comment for Trump, but it is absolutely unrealistic," noted Ethan Vera, the Chief Operating Officer of Luxor Technology, which provides software and services for miners.
Although this promise is seen as a symbolic act of support, in reality, it is nearly impossible to achieve since blockchains are decentralized networks that no one controls and from which no one can be excluded.
Financiers who left traditional financial firms to pursue digital assets celebrate 2024 success
FIG.1
They attended Ivy League schools. They were hired by leading Wall Street firms. They worked hard for years and climbed the corporate ladder. And then, before everything collapsed, they decided to dive into cryptocurrency.
Such a serious career risk seemed unjustified until recently. FTX went bankrupt. Bitcoin crashed below $16,000. Their families, friends, and former colleagues seemed to agree: they had made a big mistake.
The risk paid off Bitcoin's meteoric rise changed everything. Donald Trump's victory in November has sent cryptocurrency prices soaring, a welcome bonus for those who left high-paying Wall Street jobs for the crypto market and survived. Blockchain companies are hiring again, investors are funding new projects, and the industry is back in full force.
#XmasCryptoMiracles KULR Technology Group, Inc. (NYSE: KULR), an energy management platform, acquired 217.18 bitcoins for approximately 21 million dollars.
This purchase, made at an average price of 96,556.53 dollars per bitcoin, marks the company's first step in implementing its Bitcoin Treasury strategy. The company's strategy involves allocating up to 90% of KULR's excess cash for long-term bitcoin investments.
In a press release published for CryptoNews, KULR Technology stated that the 21 million dollar purchase is just the beginning of a series of acquisitions that the company plans to undertake. The organization aims to diversify its cash reserves and leverage the potential of bitcoin as a digital store of value.
KULR specializes in energy storage for industries such as space, aerospace, and defense. With its expertise in the design, testing, and manufacturing of batteries, the company has established itself as a significant innovator in the energy sector. By adopting bitcoin, KULR demonstrates interest in technological and financial strategies.
KULR's shares rose by 20.8% before the market opened on Thursday.
#BTCOutlook The Government of El Salvador clarified that it will continue to promote Bitcoin as part of its economic strategy, even after reaching an agreement with the IMF to scale back Bitcoin operations.
El Salvador Continues to Buy Bitcoin After IMF Deal
Although many complained about the recent agreement between El Salvador and the International Monetary Fund (IMF), which included reducing Bitcoin risks as a requirement for a $1.4 billion credit line, the government recently made Bitcoin purchases that seemingly contradict what was stipulated in the document.
The chart shows Bitcoin (BTC/USDT) on a daily timeframe, forming a rising wedge pattern, which is often a bearish reversal setup. The price is approaching the wedge's apex, suggesting a possible breakout soon. The RSI reveals bullish divergence with higher lows, supporting short-term bullish momentum. However, bearish RSI divergence at the top hints at a weakening trend. That's why im bullish on this coin #square
Bitcoinās current structure resembles a breakout from 2010-2011 from $0.57 to $34. Trumpās presidency will neutralize FUD and reduce uncertainty around Bitcoin adoption. Record-low Bitcoin on exchanges may drive sharp price increases. With time left in 2025, Bitcoinās next breakout may surprise everyone because it is designed to do so. Bitcoin rose steadily from 2009 to 2013, from the first pizza transaction, the pre-halving era is often overlooked. However, a closer look reveals that the 2013, 2017, and 2021 patterns arguably played out in a single year during 2010-2012. This entire phase took Bitcoin from $0 to $1 before a major move in June 2011 saw it spike to $30+ in one shot, only to correct back to $2.
Thereās a strong case that Bitcoin is mirroring the 2011-2012 move, positioning it to break $1 million. If Bitcoin can reach $200K by the first days of the new presidency, it could hit $1.2 million as early as March 2025 because Bitcoin is a purely speculative asset. This article discusses the sentiment before Bitcoin hit its first psychological milestone of $1, and arguably the most important milestone, as it started from fractions of a cent, moved through volatility, and eventually exploded to $34. After hitting another milestone in $100,000 in December 2024, Bitcoin is now sitting around $107,000 and a move in sentiment similar to that of the $1 could propel Bitcoin to $1-3 million a coin by November 2025
Bitcoinās current structure resembles a breakout from 2010-2011 from $0.57 to $34. Trumpās presidency will neutralize FUD and reduce uncertainty around Bitcoin adoption. Record-low Bitcoin on exchanges may drive sharp price increases. With time left in 2025, Bitcoinās next breakout may surprise everyone because it is designed to do so. Bitcoin rose steadily from 2009 to 2013, from the first pizza transaction, the pre-halving era is often overlooked. However, a closer look reveals that the 2013, 2017, and 2021 patterns arguably played out in a single year during 2010-2012. This entire phase took Bitcoin from $0 to $1 before a major move in June 2011 saw it spike to $30+ in one shot, only to correct back to $2.
Thereās a strong case that Bitcoin is mirroring the 2011-2012 move, positioning it to break $1 million. If Bitcoin can reach $200K by the first days of the new presidency, it could hit $1.2 million as early as March 2025 because Bitcoin is a purely speculative asset. This article discusses the sentiment before Bitcoin hit its first psychological milestone of $1, and arguably the most important milestone, as it started from fractions of a cent, moved through volatility, and eventually exploded to $34. After hitting another milestone in $100,000 in December 2024, Bitcoin is now sitting around $107,000 and a move in sentiment similar to that of the $1 could propel Bitcoin to $1-3 million a coin by November 2025
#MarketCorrectionBuyOrHODL A market correction is just what the name impliesāa 10% drop in stock prices that occurs when a market rally has gotten a little ahead of itself.
Buying and holding stocks for the long term may not be exciting, but it's historically been an effective strategy.
A diversified portfolio consisting of a broad assortment of investments can be a wise strategy to help weather market corrections.
The selection consists of coins, 1-part of which are in the accumulated decision on trading transactions. which I plan to buy now, to increase my deposit by 5-6 times. Approach all recommendations wisely and make a decision on trading transactions yourself. The selection consists of coins that have been in accumulation for more than 2 years. At the moment, the coins are in statistically safe points of the set of positions - the Range Bands Alts zone. I estimate the minimum potential of movement in the amount of realization of 70-80% of the fall in the bear market. The growth potential is in the region of 1,000%
When a new token launches on Binance or any other major exchange, there may be a temptation to jump in immediately. However, making informed decisions is key to avoiding unnecessary risks and losses. Follow this step-by-step strategy to evaluate the coin before you decide to trade or invest:
$BNB As 2025 approaches, investors are eager to understand the potential of leading cryptocurrencies such as BNB, XRP, and Rollblock (RBLK) . Binance Coin (BNB) continues to strengthen its position in the Binance ecosystem, while XRP is reaching new heights thanks to Rippleās innovative advancements. Meanwhile, Rollblockās unique GambleFi platform is attracting attention with promising growth prospects. Experts highlight key factors and trends that could impact their operations in the evolving crypto market
#CryptoUsersHit18M Trump to Create Bitcoin Strategic Reserve, Fears Crypto Cold War According to CryptoPolitan, Trump said during a speech at the New York Stock Exchange last week, āWeāre going to do something great with cryptocurrencyā¦ we want to be ahead of the game.ā When asked directly if that meant creating a reserve similar to the U.S. Strategic Petroleum Reserve, Trump responded, āYeah, I think so. Iām still thinking about it.ā Meanwhile, Russia is exploring its own Bitcoin reserve strategy, raising fears of a looming ācrypto cold war.ā The stakes are global economic dominance and the future of money itself. As Russia faces economic sanctions from the West and a freeze on its foreign exchange reserves, Vladimir Putin has publicly praised Bitcoin as a strong alternative to traditional financial systems. His logic is clear: Bitcoin offers a way to circumvent the global financial order dominated by the U.S. dollar. If Russia succeeds, it could upset the existing economic balance and create new problems for the United States and its allies.