📈 Multi-Year Crypto Boom: The Forces Driving Unstoppable Growth

🔮 Matt Hougan, the chief investment officer at Bitwise Asset Management, remains optimistic about the long-term prospects of cryptocurrency despite recent market volatility triggered by the Federal Reserve's announcements. In a recent social media thread, he emphasized that broader trends supporting crypto are still intact, even with bitcoin dipping below $100K.

📉 Hougan acknowledged the Fed's decision to reduce its 2024 rate cut projections from four to two, stating,

Crypto’s in a multi-year bull market. 50bps of projected rate cuts won’t change that.

He noted that while the Fed's announcement led to a sharp pullback in risk assets—with the S&P 500 falling 3% and the Russell 2000 Small Cap Index dropping 4.4%—he does not see this as a shift in the bullish trend for cryptocurrency.

📊 The market reaction was swift, particularly for bitcoin, which experienced a significant drop exacerbated by leveraged trading dynamics. Hougan explained,

This being crypto, however, the initial pullback wasn’t the end of the story. Leverage is a fact of life in crypto, and when there are sharp pullbacks in the market, levered positions get stopped out.

He pointed out that $600 million of leveraged long positions were liquidated during this market event.

🚀 Despite this immediate volatility, Hougan described the downturn as a mere "hiccup" and argued against the notion of a broader trend reversal. He stated,

The Fed is less relevant to crypto than it has been in the past. Crypto now has internal momentum, and nothing about today’s announcement interrupts the mega-trends.

📈 Several factors contribute to this long-term momentum, according to Hougan. These include a pro-crypto shift in Washington policy, increasing institutional adoption and ETF flows, and significant technological advancements in the programmable blockchain space. He also pointed to a technical indicator of resilience:

Bitcoin’s 10-day exponential moving average ($102K) is still above its 20-day exponential moving average ($99K). This simple measure has historically been quite telling on market trends.

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📉 Bitcoin and Ethereum ETFs Experience Significant Outflows Amid Market Downturn

💰 On December 19, the U.S. spot bitcoin ETFs faced their largest single-day outflow ever, totaling $680 million. This marked the first net outflow in 15 days and highlighted the ongoing downturn in the broader crypto market.

Fidelity’s FBTC led the outflow with $208.55 million flowing out of its ETF,

while Grayscale’s BTC and GBTC followed with outflows of $188.6 million and $87.86 million respectively. Bitwise’s BITB also reported a significant outflow of $43.61 million. Despite these withdrawals, Wisdomtree’s BTCW managed to attract $2.05 million in inflows, and Blackrock’s IBIT remained stable with no recorded changes.

📉 Ethereum spot ETFs mirrored this trend, experiencing a total net outflow of $60.4677 million after an 18-day inflow streak. Grayscale’s ETHE and ETH funds led the outflows with $58.13 million and $3.18 million respectively. Bitwise’s ETHW and Invesco’s QETH also contributed to the outflows with $6.78 million and $2.36 million leaving the funds. However, Fidelity’s FETH and Vaneck’s ETHV saw some positive movement with inflows of $5.05 million and $4.94 million each.

🔍 The recent outflows from both bitcoin and ethereum ETFs suggest that investors are adopting a more conservative approach due to the current market volatility. However, the overall outlook for ETFs remains optimistic, with expectations that investors will re-enter the market once stability is restored.

🇷🇺 Putin Advocates for National Currencies as CIS Trade Reaches 85%

💬 At a recent summit in the Leningrad Region, Russian President Vladimir Putin announced a major shift in trade practices within the Commonwealth of Independent States (CIS). He revealed that over 85% of trade transactions among CIS member countries are now conducted in their national currencies. This statement highlights a growing trend towards financial cooperation and independence among these nations.

🌍 The CIS, formed in 1991 after the Soviet Union's collapse, comprises nine full member states: Russia, Belarus, Kazakhstan, Armenia, Azerbaijan, Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan (an associate member). Moldova also participates but to a varying extent. These countries work together on various issues, with economic collaboration being a key focus.

🔗 Putin emphasized the increasing reliance on independent financial tools and domestic payment systems within the bloc. He stated,

Cooperation between CIS states in the currency and financial area is expanding, with their own independent payment systems and payment tools being more and more frequently used for servicing mutual economic transactions.

This shift aims to reduce vulnerability to external sanctions and economic fluctuations, creating a more self-sufficient regional economy.

💪 By prioritizing national currencies and independent financial instruments, CIS countries are strengthening their economic framework to withstand external pressures. This move represents a significant step towards greater economic integration within the bloc, positioning the CIS as a more unified and self-reliant regional alliance.

🪙 AI Chatbots Predict Bitcoin's Price Amid U.S. Strategic Reserve Debate

🤖 Over the past year, our newsroom has tested various generative AI chatbots on their ability to forecast events, including the U.S. election and cryptocurrency prices. Recently, we challenged nine AI chatbots to predict bitcoin's price on February 15, 2025, under the assumption that Congress and the Trump administration would establish a strategic bitcoin reserve.

💬 The discussion around the U.S. creating a strategic bitcoin reserve has intensified. Senator Cynthia Lummis from Wyoming proposed a bill for the U.S. to accumulate bitcoin, even suggesting swapping some gold reserves for it. With Donald Trump returning to office, some in the crypto community believe his administration might pursue this initiative through an Executive Order.

🤔 However, not everyone is on board with this idea. Many crypto enthusiasts express skepticism, viewing it as a potential disaster. Despite these concerns, we decided to seek insights from generative AI chatbots on this hypothetical scenario. We used several models, including Anthropic’s Claude, Google’s Gemini, X’s Grok 2, and OpenAI’s ChatGPT versions, among others.

📊 Each chatbot was given the same prompt: to predict bitcoin's price on February 15, 2025, assuming a strategic U.S. bitcoin reserve was established on February 1. The current price of bitcoin was noted as $94,775.

With the hypothetical establishment of a U.S. strategic bitcoin reserve by President-elect Donald Trump and the incoming Congress, bitcoin’s price could see significant upward movement,

said ChatGPT 4. It projected a potential price of $105,000 by the specified date.

I project bitcoin will trade around $125,000 on Feb. 15, 2025,

predicted ChatGPT o1, emphasizing the reserve's role in boosting institutional adoption.

Given the establishment of a U.S. strategic bitcoin reserve, I project bitcoin’s price to reach approximately $200,000 by February 15, 2025,

wrote X’s Grok 2, citing a possible global demand surge.

In this hypothetical scenario, considering a U.S. strategic bitcoin reserve policy under a Trump presidency, I project bitcoin’s price to reach $157,500 by February 15, 2025,

estimated Anthropic’s Claude, noting the potential for a supply shock.

Given the establishment of a U.S. strategic bitcoin reserve by President-elect Donald Trump and the incoming Congress, this move would likely bolster institutional confidence and drive significant investment into bitcoin,

said Mistral AI’s Le Chat, projecting a price of $120,000.

🌍 The exploration of bitcoin as a strategic reserve asset highlights the evolving perceptions of cryptocurrencies in the global economic landscape. By leveraging generative AI for price predictions, this experiment showcases the potential of technology to inform our understanding of complex economic scenarios.

🌍 Telegram CEO Highlights Media Freedom Divide Between EU and Russia

🎯 Durov Criticizes EU Censorship Amid Russian Openness
Pavel Durov, CEO of Telegram, has flagged rising censorship in the European Union while emphasizing greater media freedom in Russia. He stated on social media platform X:
“Access to certain Russian media has been restricted in the EU under DSA/sanctions laws. Meanwhile, all Western media Telegram channels remain freely accessible in Russia. Who would have thought that in 2025 Russian Telegram users would enjoy more freedom than Europeans?”

📜 Regulatory Concerns and Media Restrictions
Durov’s comments spotlight the impact of the EU’s Digital Services Act (DSA) and sanctions targeting misinformation and state-affiliated Russian outlets. While the EU argues these measures are necessary for information integrity, critics, including Durov, believe they threaten free expression principles. Telegram continues to allow Western media channels to operate freely in Russia, underscoring the stark differences in regulatory approaches.

⚖️ Legal Challenges and Content Moderation
In August, Durov faced legal trouble in France, where he was arrested over Telegram’s alleged role in facilitating illegal activities. After his release on bail, Durov adhered to conditions requiring regular check-ins with French authorities. In response, Telegram reportedly enhanced its content moderation practices and is now on track for its first profitable year.

📱 Apple Review Delays and Financial Milestones
Durov also criticized delays in Telegram’s New Year’s Eve update due to Apple’s app review process. He commented:
“We planned an epic New Year’s Eve update with unique gifts for our users. Unfortunately, it’s been stuck in Apple’s review process for a few days, and we still have no response from them.”

Despite setbacks, Telegram surpassed $1 billion in revenue for 2024, driven by premium subscriptions and new monetization strategies.

🕒 IRS Extends Deadline for Crypto Exchanges to Upgrade Reporting Systems

🔄 Recently, there was confusion in the crypto community regarding an announcement from the IRS that grants centralized crypto exchanges (CEXs) an additional year to upgrade their systems for better cost basis identification. Some interpreted this as a relaxation of reporting requirements, but the agency clarified that all requirements remain in effect; they simply provided a grace period for technological improvements.

📅 In June 2024, the IRS issued guidance mandating that exchanges must identify crypto on an account-by-account or wallet-by-wallet basis, rather than treating it as a single entity. Taxpayers are also required to accurately report the cost basis of their crypto before selling it to calculate any capital gains correctly. If they fail to do so, exchanges can assume that customers are selling their oldest assets first, following the first in, first out (FIFO) accounting method.

⚠️ However, some exchanges were unable to upgrade their systems by the December 31st deadline, prompting the IRS to extend the requirement by a year. When the agency announced this grace period on New Year’s Eve, it led to misunderstandings among crypto users and publications, who mistakenly believed that the wallet-by-wallet or account-by-account reporting requirements were also postponed.

🗣️ David Kemmerer, co-founder and CEO of crypto tax software provider Coin Ledger, clarified,

No, the IRS did not delay tax reporting for investors until 2026. Rather, IRS Notice 2025-7 states that the users of centralized exchanges can still use a specific ID accounting method when calculating gains and losses for 2025.

He further explained that while exchanges can default to a FIFO method this year, which could increase tax liability for their customers, users still have the option to choose the most tax-efficient accounting method, such as last in, first out (LIFO) or highest in, first out (HIFO), to minimize reported capital gains when filing their 2024 taxes.

🔍 Just days before this announcement, the IRS released new regulations classifying front-facing decentralized finance (DeFi) services as brokers, adding to the regulatory burden on crypto users and companies. Kemmerer remarked,

The IRS keeps coming out with more and more confusing guidance, it seems like every day. It’s going to be a painful transition to how the IRS wants reporting to happen.

However, he acknowledged that the agency is working with the crypto community to ease this transition.

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🚨 Vivek Ramaswamy’s Strive Asset Management Files For Bitcoin Bond ETF Launch 🚀

Vivek Ramaswamy's Strive Asset Management files for Bitcoin Bond ETF with the US SEC, potentially boosting BTC's appeal which could push the price to a new high ahead.

👉 Read more

**💡 Inside Bitcoin Mining’s 2024 Revolution: Report Reveals Triumphs and Trials**

🔍 2024 marked a transformative year for the Bitcoin mining industry, showcasing record-breaking network expansion and technological advancements while also grappling with economic challenges. The report, authored by Digital Mining Solutions and Bitcoinminingstock.io, and sponsored by Nicehash, highlighted the growth and resilience of the sector.

🔗 The network hashrate reached a historic 808 exahash per second (EH/s) by the end of 2024. Miners added nearly 300 EH/s to the network, setting unprecedented records. However, April’s Bitcoin halving reduced the block subsidy from 6.25 BTC to 3.125 BTC, significantly impacting profitability. Bitcoin’s price exceeded $100,000 in 2024, closing the year at $93,400, a 121.3% increase, elevating its market capitalization to $2 trillion and making it the seventh-largest global asset.

💰 Transaction fees surged post-halving, temporarily offsetting revenue losses. On April 19, transaction fees accounted for 139.8% of block rewards, showcasing miners' adaptability to economic shifts. Despite this, the hashprice dropped to a record low of $38 PH/day before recovering to $55 PH/day by December.

📈 2024 saw the release of 30 new ASIC models, with advancements in hydro-cooling and standardized designs. The Bitmain Antminer S21 series contributed to the network, though only 4.1% of its capacity was operational by year-end. Falling ASIC prices reflected broader challenges, with some machines losing up to 97.5% of their value.

🌎 The United States retained its position as the leading Bitcoin mining hub, controlling 38% of the global hashrate. Emerging regions like Ethiopia and South America leveraged renewable energy sources, with Ethiopia contributing 2.5% to global hashrate through hydropower.

💻 Bitcoin miners diversified into high-performance computing (HPC) and artificial intelligence (AI) to mitigate fluctuating mining returns. U.S.-based operations repurposed mining facilities, showcasing the sector's adaptability.

🚀 Looking ahead, the report anticipates continued growth in Bitcoin mining through technological innovation and strategic diversification. Operators are encouraged to focus on resilience and adaptability in the face of economic and regulatory challenges.

🛡 Job Seekers Targeted by Cryptocurrency Mining Malware Disguised as Job Listings

🔍 A recent report by cybersecurity firm Crowdstrike has unveiled a phishing scheme targeting job seekers. Attackers are using fake job listings and fraudulent recruitment emails to distribute cryptocurrency mining malware that hijacks victims' systems.

📧 The scheme begins with emails that falsely appear to be from Crowdstrike’s recruitment department. These emails direct recipients to a deceptive website that mimics a legitimate employment platform. Once on the site, victims are prompted to download a fake “employee CRM application”, which actually installs the XMRig cryptominer—a tool used to mine Monero cryptocurrency without the user's consent.

A newly discovered phishing campaign uses Crowdstrike recruitment branding to convince victims to download a fake application, which serves as a downloader for the XMRig cryptominer.

🔒 Once the malware is executed, it undergoes several verification steps to avoid detection by security systems. If successful, it retrieves and installs XMRig, utilizing the infected system's processing power for the attackers' benefit. The cryptominer is designed to operate silently, minimizing resource usage to avoid raising suspicion while gradually degrading the system's performance.

🔄 Crowdstrike also highlighted the malware's persistence mechanisms. It installs itself in critical system directories and deploys scripts to ensure it restarts with the system.

🚫 To protect against such threats, Crowdstrike advises job seekers to verify all recruitment communications through official channels. The company emphasized,

We do not ask candidates to download software for interviews.

Legitimate job postings are only available on its official Careers webpage, and applicants should be cautious of unsolicited emails or unknown online sources.

⚠️ This incident underscores the increasing need for cybersecurity awareness among job seekers. Crowdstrike recommends implementing endpoint protection systems, providing phishing education, and monitoring network activity for unusual behavior. As cybercriminals continue to exploit vulnerabilities, proactive measures and vigilance are essential to mitigate these threats.

🪙 Bitcoin Mining Equipment: A Look at Air-Cooled Options for Hobbyists

🔍 Over the past year, leading manufacturers of application-specific integrated circuit (ASIC) bitcoin mining rigs have launched a variety of advanced devices. These rigs are often quickly purchased by major mining enterprises, leaving limited options for the average enthusiast. This article examines the availability of bitcoin miners for individuals looking to acquire a few units from two prominent manufacturers, Bitmain and Microbt.

💰 As of January 12, 2025, the ASIC bitcoin mining machine market remains dominated by Bitmain and Microbt. Both companies introduced innovative rigs in 2024, with some set to debut this year. However, these high-tech devices come with hefty price tags. Hydro and immersion-cooled ASIC miners are generally not suitable for casual hobbyists due to their complex setups and maintenance requirements. Therefore, this analysis focuses on air-cooled bitcoin miners from Bitmain and Microbt.

🛒 Bitmain offers only one air-cooled bitcoin miner for futures order: the Antminer S21+, priced at $4,644 and scheduled for shipping in Q1 2025. This machine delivers 216 terahash per second (TH/s) with an efficiency rating of approximately 16.5 joules per terahash (J/T). Payments can be made in various cryptocurrencies.

🔄 In contrast, Microbt's Whatsminer platform provides a broader selection with eight air-cooled units available for purchase. The Whatsminer M50 is the most affordable option at $946, generating between 110 and 114 TH/s. The M50S+ costs $1,711.20 and offers a hash rate of 138 TH/s. For higher performance, Microbt also offers the M60S++ unit at $5,478 with around 220 TH/s output.

📈 Both manufacturers also offer hydro and immersion-cooled bitcoin miners, but these models are significantly more expensive and designed for advanced setups. Bitmain provides four hydro-cooled units and two additional models for future shipping. Microbt lists six systems for hydro and immersion cooling, all available for immediate order.

⚡️ Bitcoin mining, even with air-cooled machines, is not a straightforward process. Beyond the initial hardware costs, miners must consider substantial energy demands. A reliable and affordable electricity source is crucial for efficient operation. Additionally, managing heat output and ensuring proper ventilation are vital for profitability. Understanding these practicalities is essential for anyone looking to participate in bitcoin mining sustainably.

🏗 Dubai's Crypto Tower: A New Era for Blockchain Innovation

🌍 The Dubai Multi Commodities Centre (DMCC) and REIT Development have announced plans for a groundbreaking Crypto Tower in Jumeirah Lakes Towers (JLT), solidifying Dubai's status as a global leader in blockchain and Web3 innovation. This 17-story building will provide over 150,000 square feet of leasable space, equipped with state-of-the-art facilities to support the growing demands of the crypto industry.

🏢 Brenda Stratton, Communications Director at REIT Development, emphasized the project's importance:

By combining blockchain technology with real-world construction in Dubai’s DMCC, we’re creating a physical tower that serves as a central hub for the crypto community. Every expense is on-chain, setting a new standard for transparency in the industry.

The Crypto Tower will feature nine floors dedicated to offices for crypto startups and established companies, along with three floors for blockchain incubators and venture capital firms. A special floor will be dedicated to artificial intelligence (AI) innovation, powered by Chatoshi.ai.

🔗 The facility will integrate blockchain technology for tenant interactions through on-chain voting, shared resources, smart contracts, and other automated services.

In doing so, the tower will build greater trust and transparency and reduce administrative load, setting a new standard in community decision-making and management,”

DMCC added.

🎉 The tower will also include a 10,000-square-foot indoor event space and a 3,500-square-foot outdoor area for hosting blockchain events. Exclusive amenities such as a 30,000-square-foot crypto club, NFT art gallery, and secure vault storage will facilitate high-level networking and innovation. Expected to be completed by Q1 2027, this project represents Dubai's commitment to technology-driven development.

💰 Robert Kiyosaki's Bitcoin Predictions: A Path to Wealth Amid Economic Instability

📈 Robert Kiyosaki, the author of Rich Dad Poor Dad, has reiterated his optimistic outlook on bitcoin, predicting it will reach $250,000 by 2025. He announced on X that he is increasing his bitcoin holdings, expressing confidence in its potential despite current economic challenges. As of mid-January, bitcoin was trading around $104,523 after hitting an all-time high in December. This recent surge has been attributed to growing institutional interest in spot bitcoin exchange-traded funds (ETFs) and the expectation of supportive pro-cryptocurrency policies from the incoming administration of President-elect Donald Trump.

🗣 On January 14, Kiyosaki shared his views on bitcoin stating,

As an old guy, you had to be very smart to get rich. Bitcoin makes getting rich easy.

He emphasized that anyone can become wealthy through bitcoin by simply buying one satoshi and holding it. He remarked,

The only people who cannot get rich with bitcoin are stupid.

📊 Kiyosaki has a history of making bold predictions about bitcoin's price; he previously suggested it could reach $500,000 in the long term. Recently, he revised his forecast for 2025 to a range of $175,000 to $350,000 and urged his followers to invest in and hold the cryptocurrency as a safeguard against inflation and economic turmoil.

💸 A vocal critic of traditional fiat currencies, Kiyosaki often labels them as "fake money" and warns of an impending financial crisis due to rising debt levels and excessive money printing. He has advised,

The U.S. dollar is toast. Buy gold, silver, bitcoin.

This perspective reflects his belief that the current financial system is unsustainable and that individuals should protect their wealth with alternative assets like bitcoin and precious metals.

🚀 Circle CEO Advocates for Executive Orders to Boost Crypto Adoption

🏦 Jeremy Allaire, CEO of Circle, is optimistic about potential executive orders from President Donald Trump that could transform the U.S. banking landscape by allowing banks to trade and hold cryptocurrency. This anticipation comes amidst discussions at the World Economic Forum (WEF) in Davos, Switzerland.

💰 Circle's stablecoin, USDC, ranks as the 8th largest cryptocurrency and the 2nd largest stablecoin globally by market capitalization. Allaire believes that Trump's pro-crypto stance may lead to executive orders aimed at reducing regulatory barriers for digital assets.

📜 One key aspect Allaire hopes to see addressed is the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121. This regulation currently penalizes banks for holding crypto on their balance sheets. Allaire stated,

That’s something I think to watch closely in terms of executive orders. I’m strongly in favor of repealing it and I would hope that President Trump would take that action.

📈 If these executive orders are signed, they could significantly enhance bank participation in the crypto market. This would not only promote greater institutional adoption but also contribute to the overall growth of the crypto industry in the U.S.

🛑 Thorchain Suspends DeFi Redemptions Amid Insolvency Fears

⚠️ Thorchain, a decentralized exchange, has temporarily halted fund redemptions for its decentralized finance (DeFi) offerings amid rumors of potential insolvency. However, core developers assert that other aspects of the network continue to operate normally.

To safeguard LPs [liquidity providers] and maintain network stability, we are recommending nodes vote to temporarily suspend ThorFi redemptions

said a Thorchain core developer known as "Orion." He urged the community to suspend redemptions to ensure "network stability" and promised that the suspension would last no longer than ninety days.

🗳 The Thorchain community responded to Orion's request, and node operators voted to pause redemptions for the ThorFi Lending and Savers products. Another core developer confirmed that "following a vote by node operators, redemptions for ThorFi Lending and Savers products have been temporarily paused."

📉 The news of the suspension caused Thorchain's native token RUNE to drop 31% according to data from Coingecko. Despite the pause in DeFi product redemptions, core functionalities of the network remain fully operational.

🚀 Microstrategy's Bold Move: Preferred Stock Offering to Boost Bitcoin Acquisitions

💰 Microstrategy Inc. (Nasdaq: MSTR) has announced its intention to issue 2,500,000 shares of Series A Perpetual Strike Preferred Stock through a public offering. This move comes after the company's recent $1.1 billion bitcoin purchase, which increased its total holdings to 471,107 BTC at an average price of $64,511 per bitcoin. The proceeds from the stock offering will be used for general corporate purposes, including bitcoin acquisitions.

📅 The preferred stock will have a liquidation preference of $100 per share and will accrue fixed-rate dividends starting March 31, 2025. Shareholders can convert their shares into class A common stock under certain conditions, while Microstrategy retains the right to redeem the stock in specific situations. The offering is being managed by several financial institutions, including Barclays and Moelis & Company LLC.

📈 This announcement follows Microstrategy's recent acquisition of 10,107 bitcoins, funded by selling 2.76 million shares of class A common stock. Additionally, the company has revealed its ambitious "21/21 Plan" to raise $42 billion over three years for further BTC purchases. This plan aligns with executive chairman Michael Saylor’s vision of bitcoin as a store of value and a hedge against inflation. Saylor has projected that bitcoin could reach $13 million by 2045.

⚠️ Arthur Hayes Predicts Bitcoin Correction Before 2025 Rally

📉 Arthur Hayes, former CEO of Bitmex, warns of a significant bitcoin correction before a potential rally in 2025. In his recent essay, The Ugly, he draws parallels to late 2021, suggesting that the current crypto market shows similar signs before a downturn.

History doesn’t repeat itself, but it does rhyme

he notes, predicting a drop to $70,000 to $75,000 before rising to $250,000 by year-end.

💰 Hayes attributes this anticipated decline to tightening global liquidity as central banks in the U.S., China, and Japan reduce money creation. While he maintains a long-term bullish outlook, he emphasizes the need for a correction before the next upward movement.

We are still bigly net long, but if my feeling is correct, then we will be positioned with copious amounts of dry powder ready to buy the dip on bitcoin

he stated regarding his fund's defensive strategy.

⚠️ He cautions that if a pullback occurs, it could be severe due to high market optimism:

A pullback of this magnitude would be ugly because the current level of bullishness is so high

Hayes also highlights bitcoin's complex relationship with traditional financial markets, noting its short-term sensitivity to macroeconomic conditions despite its long-term uncorrelation with stock prices.

📊 Drawing from over a decade of trading experience, Hayes explains his expectation for a significant correction:

These types of pullbacks occur often throughout the bull market, given how volatile bitcoin is

He believes that once financial stress prompts the U.S. Federal Reserve to adopt a looser monetary policy, crypto markets will surge again. Until then, he advises patience and strategic positioning. Despite recent market panic over China's Deepseek AI breakthrough indicating investor skepticism, Hayes remains confident that bitcoin will eventually reach new highs if traders can endure the anticipated turbulence.