A 17% chance that #Bitcoin will hit $100K before December on @Kalshi, and it's only $1,400 away from that price...
https://t.co/2qtzqOYn4j
(@WalterBloomberg)
https://t.co/2qtzqOYn4j
(@WalterBloomberg)
#BITCOIN TO REPLACE GOLD OVER NEXT DECADE, SAYS BERNSTEIN
Bernstein predicts Bitcoin will replace gold as the leading 'store of value' over the next decade, becoming integral to institutional and corporate finance. Analyst Gautam Chhugani's note followed Bitcoin reaching $100,000, with a 141% yearly increase, much of which occurred post the U.S. election due to anticipated crypto-friendly policies from the Trump administration. They forecast Bitcoin could hit $200,000 by late 2025. D.A. Davidson’s Gil Luria also views Bitcoin as an appreciating asset with low correlation to inflation, unlike gold, suggesting its value is driven by adoption rather than traditional economic indicators. However, he notes Bitcoin's journey to becoming a mainstream medium of exchange and unit of account is still long.
https://t.co/AKMtqMiQyF
(@WalterBloomberg)
Bernstein predicts Bitcoin will replace gold as the leading 'store of value' over the next decade, becoming integral to institutional and corporate finance. Analyst Gautam Chhugani's note followed Bitcoin reaching $100,000, with a 141% yearly increase, much of which occurred post the U.S. election due to anticipated crypto-friendly policies from the Trump administration. They forecast Bitcoin could hit $200,000 by late 2025. D.A. Davidson’s Gil Luria also views Bitcoin as an appreciating asset with low correlation to inflation, unlike gold, suggesting its value is driven by adoption rather than traditional economic indicators. However, he notes Bitcoin's journey to becoming a mainstream medium of exchange and unit of account is still long.
https://t.co/AKMtqMiQyF
(@WalterBloomberg)
CNBC
Bitcoin to replace gold over next decade, says Bernstein
Bitcoin could replace the role of gold in the economy, although it will likely be a long way ahead, per Bernstein.
EL SALVADOR TO SCALE BACK #BITCOIN DREAMS TO SEAL $1.3BN IMF DEAL - FT
El Salvador expects to reach agreement with the IMF in the next two to three weeks on a $1.3bn loan programme in return for changes to its pioneering use of bitcoin as legal tender and reductions in government deficits, according to two people close to the talks.
https://t.co/C4m2obCWCF
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El Salvador expects to reach agreement with the IMF in the next two to three weeks on a $1.3bn loan programme in return for changes to its pioneering use of bitcoin as legal tender and reductions in government deficits, according to two people close to the talks.
https://t.co/C4m2obCWCF
(@WalterBloomberg)
Ft
El Salvador to scale back bitcoin dreams to seal $1.3bn IMF deal
Central American nation to make acceptance of cryptocurrency voluntary to unlock international lending
GOLDMAN SACHS CEO SAYS "WOULD EVALUATE" PARTICIPATING IN #BITCOIN OR #ETHEREUM MARKETS IF REGULATORS PERMIT
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The odds he creates a National #Bitcoin Reserve are up to 60% on Kalshi
https://t.co/fl1UgF6aA0
(@WalterBloomberg)
https://t.co/fl1UgF6aA0
(@WalterBloomberg)
HILL: WOULD HAVE TO THINK LONG AND HARD ABOUT VALUE OF A #BITCOIN RESERVE TO THE U.S OR THE TREASURY
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#BITCOIN TOPS $106,000, HOPES GROW FOR STRATEGIC RESERVE
Bitcoin hit a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls.
"We're in blue sky territory here," said Tony Sycamore, an analyst at IG. "The next figure the market will be looking for is $110,000. The pullback that a lot of people were waiting for just didn't happen, because now we've got this news."
(@WalterBloomberg)
Bitcoin hit a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls.
"We're in blue sky territory here," said Tony Sycamore, an analyst at IG. "The next figure the market will be looking for is $110,000. The pullback that a lot of people were waiting for just didn't happen, because now we've got this news."
(@WalterBloomberg)
EL SALVADOR'S OFFICIAL #BITCOIN WALLET, CHIVO, TO BE SOLD OR DISCONTINUED AFTER AGREEMENT WITH IMF, SAYS DIRECTOR OF BITCOIN OFFICE IN THE COUNTRY
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#BITCOIN CURRENCY WILL CONTINUE TO BE LEGAL TENDER IN EL SALVADOR- DIRECTOR HERBERT
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EL SALVADOR WILL CONTINUE TO BUY #BITCOIN, POSSIBLY AT AN ACCELERATED PACE, FOR ITS STRATEGIC RESERVE- HERBERT
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(@WalterBloomberg)
GOOLSBEE: ASKED ABOUT #BITCOIN RESERVE, SAYS FED IS LEGALLY LIMITED ABOUT WHAT IT CAN PUT ON ITS BALANCE SHEET
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(@WalterBloomberg)
BITCOIN COULD ATTRACT NEW BUYERS OVER TIME
Bitcoin Outlook (StanChart): 📈
🔹 More buyers possible with better regulations & lower volatility.
🔹 Q4 SEC data: Encouraging—hedge funds lead, bank buying strong.
🔹 Abu Dhabi's sovereign fund: Holds 4,700 BTC in BlackRock’s ETF, likely to grow.
🔹 Price target: $500K by 2029 (pre-Trump exit).
🔹 Current price: $95,761 (-0.7%, per LSEG).
#Bitcoin
(@WalterBloomberg)
Bitcoin Outlook (StanChart): 📈
🔹 More buyers possible with better regulations & lower volatility.
🔹 Q4 SEC data: Encouraging—hedge funds lead, bank buying strong.
🔹 Abu Dhabi's sovereign fund: Holds 4,700 BTC in BlackRock’s ETF, likely to grow.
🔹 Price target: $500K by 2029 (pre-Trump exit).
🔹 Current price: $95,761 (-0.7%, per LSEG).
#Bitcoin
(@WalterBloomberg)