๐ฐ Bitcoin Accumulation Continues!
โก๏ธ MicroStrategy has added 15,350 BTC to its holdings, investing ~$1.5 billion at an average price of $100,386 per BTC. As of December 15, 2024, the company owns 439,000 BTC, valued at ~$27.1 billion, with an average cost of $61,725 per BTC.
๐ธ Riot also boosted its BTC reserves, purchasing 667 BTC for $594 million at an average price of $101,135 per BTC. Riot now holds 17,429 BTC, valued at ~$1.8 billion.
The giants are betting big on Bitcoin! ๐
โก๏ธ MicroStrategy has added 15,350 BTC to its holdings, investing ~$1.5 billion at an average price of $100,386 per BTC. As of December 15, 2024, the company owns 439,000 BTC, valued at ~$27.1 billion, with an average cost of $61,725 per BTC.
๐ธ Riot also boosted its BTC reserves, purchasing 667 BTC for $594 million at an average price of $101,135 per BTC. Riot now holds 17,429 BTC, valued at ~$1.8 billion.
The giants are betting big on Bitcoin! ๐
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๐ Bitcoin Hits New ATH Against Gold! ๐ค
๐ BTC has reached its highest value ever compared to gold. Legendary trader Peter Brandt predicts even more growth, targeting 89 ounces of gold per Bitcoinโequivalent to $236k! ๐ฅ
Is Bitcoin the new gold standard? ๐ค
๐ BTC has reached its highest value ever compared to gold. Legendary trader Peter Brandt predicts even more growth, targeting 89 ounces of gold per Bitcoinโequivalent to $236k! ๐ฅ
Is Bitcoin the new gold standard? ๐ค
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Crypto soothsayer
๐ฐ Bitcoin Accumulation Continues! โก๏ธ MicroStrategy has added 15,350 BTC to its holdings, investing ~$1.5 billion at an average price of $100,386 per BTC. As of December 15, 2024, the company owns 439,000 BTC, valued at ~$27.1 billion, with an average costโฆ
๐ฅ Bitcoin Hits New ATH, and Corporations Canโt Get Enough!
What a day! BTC reaches a new all-time high, and corporations are doubling down.
๐ธ Semler Scientific has added 211 BTC for ~$21.5M at an average price of $101,890 per BTC.
As of December 15, 2024, the company now holds 2,084 BTC, purchased for ~$168.6M at an average price of $80,916 per BTC. ๐
What a day! BTC reaches a new all-time high, and corporations are doubling down.
๐ธ Semler Scientific has added 211 BTC for ~$21.5M at an average price of $101,890 per BTC.
As of December 15, 2024, the company now holds 2,084 BTC, purchased for ~$168.6M at an average price of $80,916 per BTC. ๐
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Tomorrow, $RLUSD will be listed on Uphold, Bitso, MoonPay, Archax, and CoinMENA. ๐
In the coming weeks, itโs also hitting Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and more.
Rippleโs stablecoin is going global! ๐ Details here.
In the coming weeks, itโs also hitting Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and more.
Rippleโs stablecoin is going global! ๐ Details here.
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Bitcoin Near ATH, Altseason Still on Hold
๐ Bitcoin is trading around $107k, just below its current all-time high (ATH) of $107,800. While BTC continues to climb and dominate the market, its dominance has also grown. ๐
๐ Traders are now watching for a pullback in Bitcoin's dominance from the resistance line. A decline in BTC's market share is often the signal for the long-awaited altseason to begin โ but itโs still nowhere in sight. ๐ง
๐ Will altcoins finally catch up?
๐ Bitcoin is trading around $107k, just below its current all-time high (ATH) of $107,800. While BTC continues to climb and dominate the market, its dominance has also grown. ๐
๐ Traders are now watching for a pullback in Bitcoin's dominance from the resistance line. A decline in BTC's market share is often the signal for the long-awaited altseason to begin โ but itโs still nowhere in sight. ๐ง
๐ Will altcoins finally catch up?
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MicroStrategy's Bitcoin Bet: Safe Unless an Asteroid Hits ๐๐
According to CryptoQuant's CEO,
Ki Young Ju, MicroStrategy faces bankruptcy only under extreme conditions, like an asteroid striking Earth. ๐ฅ
Why? Bitcoin has never traded below the average purchase price of long-term investors, which is currently around $30,000.
With $7B in debt and BTC holdings valued at $46B, MicroStrategyโs position remains strong. Even in a worst-case scenario, liquidation would only occur if Bitcoin falls to $16,500. ๐ค
In short: MicroStrategyโs BTC bet seems unshakable โ unless the sky falls.
According to CryptoQuant's CEO,
Ki Young Ju, MicroStrategy faces bankruptcy only under extreme conditions, like an asteroid striking Earth. ๐ฅ
Why? Bitcoin has never traded below the average purchase price of long-term investors, which is currently around $30,000.
With $7B in debt and BTC holdings valued at $46B, MicroStrategyโs position remains strong. Even in a worst-case scenario, liquidation would only occur if Bitcoin falls to $16,500. ๐ค
In short: MicroStrategyโs BTC bet seems unshakable โ unless the sky falls.
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Whales Dominate Ethereum ๐ณ
According to Santiment, 104 Ethereum whales now control 57.35% of all ETH (~$333.1B).
๐ Wallet breakdown:
โช๏ธ100-100,000 ETH: 33.46% โ a historic low for this group.
โช๏ธ<100 ETH: 9.19% โ a 4-year low.
๐ Santiment notes this as a bullish signal for ETH long-term, as large players continue accumulating the 9-year-old asset.
Big money trusts ETH. Whatโs your move? ๐
According to Santiment, 104 Ethereum whales now control 57.35% of all ETH (~$333.1B).
๐ Wallet breakdown:
โช๏ธ100-100,000 ETH: 33.46% โ a historic low for this group.
โช๏ธ<100 ETH: 9.19% โ a 4-year low.
๐ Santiment notes this as a bullish signal for ETH long-term, as large players continue accumulating the 9-year-old asset.
Big money trusts ETH. Whatโs your move? ๐
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800 Arrested in Nigerian Crypto-Romance Scam ๐๐ฐ
๐ณ๐ฌ Nigeriaโs anti-graft agency raided a massive fraud hub in Lagos, arresting 792 suspects, including 148 Chinese and 40 Filipinos. The scammers targeted victims from the Americas and Europe via social media, offering fake romance and phony crypto investments.
The scheme:
1๏ธโฃ Build trust on platforms like WhatsApp and Instagram.
2๏ธโฃ Seduce victims or promise lucrative crypto schemes.
3๏ธโฃ Pressure them to transfer funds into nonexistent projects.
Authorities seized computers, phones, and vehicles and are investigating international crime connections. ๐ฅท
๐ณ๐ฌ Nigeriaโs anti-graft agency raided a massive fraud hub in Lagos, arresting 792 suspects, including 148 Chinese and 40 Filipinos. The scammers targeted victims from the Americas and Europe via social media, offering fake romance and phony crypto investments.
The scheme:
1๏ธโฃ Build trust on platforms like WhatsApp and Instagram.
2๏ธโฃ Seduce victims or promise lucrative crypto schemes.
3๏ธโฃ Pressure them to transfer funds into nonexistent projects.
Authorities seized computers, phones, and vehicles and are investigating international crime connections. ๐ฅท
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Former BitMEX CEO Arthur Hayes predicts a major crypto sell-off around Trump's January 20, 2025, inauguratio. ๐ฐ๐
๐ Hayes argues that Trump's disruptive policies, aimed at rapid economic change, will create high expectations but fall short due to the complexity of the issues at hand.
๐ Key points:
โช๏ธTrumpโs reindustrialization agenda will likely involve a massive dollar devaluation, especially against gold, early in 2025.
โช๏ธThis shift could destabilize global markets, creating uncertainty in crypto and equities.
โช๏ธHayes anticipates a temporary dip in crypto prices, followed by a long-term bull market fueled by increased fiat money printing and financial repression worldwide.
๐ง His advice? Be cautious of short-term volatility but prepare for a Bitcoin and crypto resurgence as the monetary system adapts to "Trump Truth."
Is your portfolio ready for the storm? ๐ช
๐ Hayes argues that Trump's disruptive policies, aimed at rapid economic change, will create high expectations but fall short due to the complexity of the issues at hand.
๐ Key points:
โช๏ธTrumpโs reindustrialization agenda will likely involve a massive dollar devaluation, especially against gold, early in 2025.
โช๏ธThis shift could destabilize global markets, creating uncertainty in crypto and equities.
โช๏ธHayes anticipates a temporary dip in crypto prices, followed by a long-term bull market fueled by increased fiat money printing and financial repression worldwide.
๐ง His advice? Be cautious of short-term volatility but prepare for a Bitcoin and crypto resurgence as the monetary system adapts to "Trump Truth."
Is your portfolio ready for the storm? ๐ช
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๐๐ป Cango Inc. Races into Bitcoin Mining as the 3rd Largest Public Miner!
Cango Inc., a Chinese automotive services company traded on the NYSE, has quietly emerged as a major player in Bitcoin mining. ๐๐ฅ
๐ฐCango purchased 32 EH/s of Antminer ASICs (~4% of the Bitcoin network hashrate) for $256M and plans to acquire 18 EH/s more by March 2025.
With 50 EH/s, Cango would rival MARA, a top Bitcoin miner, in self-mining capacity. ๐จ
The company mined 364 BTC in November, holding a stash worth $38.76M.
Cangoโs shares surged 54% this week and are up 584% YTD! ๐
Cango Inc., a Chinese automotive services company traded on the NYSE, has quietly emerged as a major player in Bitcoin mining. ๐๐ฅ
๐ฐCango purchased 32 EH/s of Antminer ASICs (~4% of the Bitcoin network hashrate) for $256M and plans to acquire 18 EH/s more by March 2025.
With 50 EH/s, Cango would rival MARA, a top Bitcoin miner, in self-mining capacity. ๐จ
The company mined 364 BTC in November, holding a stash worth $38.76M.
Cangoโs shares surged 54% this week and are up 584% YTD! ๐
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๐ Bullish Alert: Tether Inflows Signal Crypto Market Momentum!๐ธ
According to Santiment, an average of 40 million USDT has been flowing into exchanges daily over the past 8 weeks. ๐ฐ
What this means? ๐
This significant capital inflow indicates growing investor confidence and liquidity entering the crypto marketโa bullish signal for the days ahead! ๐
According to Santiment, an average of 40 million USDT has been flowing into exchanges daily over the past 8 weeks. ๐ฐ
What this means? ๐
This significant capital inflow indicates growing investor confidence and liquidity entering the crypto marketโa bullish signal for the days ahead! ๐
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๐ก Bitcoin ETF Outpaces Gold ETF in Record Time! ๐ชโก๏ธ
๐ BlackRockโs gold ETF, IAU, took 20 years to amass $33 billion in assets under management (AUM).
๐ฅ Meanwhile, BlackRockโs Bitcoin ETF, IBIT, has already doubled that figure in less than a year!
The rise of IBIT highlights the explosive demand for Bitcoin as a mainstream investment. Is this the beginning of crypto dethroning gold as the ultimate store of value? ๐๐
๐ BlackRockโs gold ETF, IAU, took 20 years to amass $33 billion in assets under management (AUM).
๐ฅ Meanwhile, BlackRockโs Bitcoin ETF, IBIT, has already doubled that figure in less than a year!
The rise of IBIT highlights the explosive demand for Bitcoin as a mainstream investment. Is this the beginning of crypto dethroning gold as the ultimate store of value? ๐๐
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๐จ Ledger Phishing Alert!
๐ฃ A massive phishing campaign is targeting Ledger users with fake "security breach" emails is still ongoing.
๐ฅท Scammers direct victims to fraudulent websites that mimic Ledgerโs official page, tricking them into entering their seed phrases. Once entered, wallets are emptied by the attackers.
๐จ These emails play on fear, claiming a security breach, but their goal is simple: to steal your funds. Stay vigilant, avoid clicking suspicious links, and rememberโLedger will never ask for your recovery phrase. ๐ก๐ฐ
๐ฃ A massive phishing campaign is targeting Ledger users with fake "security breach" emails is still ongoing.
๐ฅท Scammers direct victims to fraudulent websites that mimic Ledgerโs official page, tricking them into entering their seed phrases. Once entered, wallets are emptied by the attackers.
๐จ These emails play on fear, claiming a security breach, but their goal is simple: to steal your funds. Stay vigilant, avoid clicking suspicious links, and rememberโLedger will never ask for your recovery phrase. ๐ก๐ฐ
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Bitcoinโs Unrealized Profit Hits $1.3 Trillion! ๐๐ฐ
Bitcoin holders have never seen this much potential profit beforeโa record $1.3 trillion. ๐ต
On average, each BTC is currently worth $68,382 more than when it was purchased.
HODLers might be smiling now, but will they cash in or keep holding? ๐ค๐
Bitcoin holders have never seen this much potential profit beforeโa record $1.3 trillion. ๐ต
On average, each BTC is currently worth $68,382 more than when it was purchased.
HODLers might be smiling now, but will they cash in or keep holding? ๐ค๐
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๐ฅ Bitcoin Dips to $100K as Powell Scares Markets! ๐
Jerome Powellโs hawkish stance triggered a year-end sell-off: BTC dropped 4.5% and the S&P 500 fell 2.95%. ๐ช
Key points from the Fed chair:
โช๏ธOnly 2 rate cuts in 2025 instead of 4.
โช๏ธInflation target of 2% pushed to 2027 (previously 2026).
โช๏ธThe Fed is legally prohibited from holding BTC on its balance sheet. ๐ฉ
The aftermath? $672M liquidations in the last 24 hours, with $574M coming from long positions. Bulls took a beating. ๐๐ฅ
Jerome Powellโs hawkish stance triggered a year-end sell-off: BTC dropped 4.5% and the S&P 500 fell 2.95%. ๐ช
Key points from the Fed chair:
โช๏ธOnly 2 rate cuts in 2025 instead of 4.
โช๏ธInflation target of 2% pushed to 2027 (previously 2026).
โช๏ธThe Fed is legally prohibited from holding BTC on its balance sheet. ๐ฉ
The aftermath? $672M liquidations in the last 24 hours, with $574M coming from long positions. Bulls took a beating. ๐๐ฅ
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๐ Bitcoinโs Move with M2 Money Supply
Bitcoin is moving with a 70-day delay, closely following the trends of the global M2 money supply. ๐
Now, it faces two possible scenarios:
1๏ธโฃ Break free from M2 correlation, driven by its own purchasing power.
2๏ธโฃ Enter a deep mid-cycle correction, mirroring M2's movement.
Which path do you think Bitcoin will take?
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๐ค - 2
Bitcoin is moving with a 70-day delay, closely following the trends of the global M2 money supply. ๐
Now, it faces two possible scenarios:
1๏ธโฃ Break free from M2 correlation, driven by its own purchasing power.
2๏ธโฃ Enter a deep mid-cycle correction, mirroring M2's movement.
Which path do you think Bitcoin will take?
๐ณ - 1
๐ค - 2
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๐ชจ BlackRock Sparks Debate on Bitcoin's Supply Limit
In a recent educational video, BlackRock added a disclaimer suggesting thereโs "no guarantee" the 21M Bitcoin supply cap will remain unchanged. ๐
๐ This statement touched a nerve, challenging one of Bitcoinโs core principles as a fixed, anti-inflationary asset.
๐ While a theoretical change is possible via a hard fork, history shows such attempts (e.g., the block size debate in 2016โ2017) fail due to community disagreements. Any fork altering the cap wouldnโt be considered the "real BTC."
Discussions center around miner incentives, as rewards diminish and post-2140 rely solely on transaction fees. Yet, most investors believe any cap changes would result in new networks rather than changes to Bitcoin itself.
In a recent educational video, BlackRock added a disclaimer suggesting thereโs "no guarantee" the 21M Bitcoin supply cap will remain unchanged. ๐
๐ This statement touched a nerve, challenging one of Bitcoinโs core principles as a fixed, anti-inflationary asset.
๐ While a theoretical change is possible via a hard fork, history shows such attempts (e.g., the block size debate in 2016โ2017) fail due to community disagreements. Any fork altering the cap wouldnโt be considered the "real BTC."
Discussions center around miner incentives, as rewards diminish and post-2140 rely solely on transaction fees. Yet, most investors believe any cap changes would result in new networks rather than changes to Bitcoin itself.
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