Coinbase’s Miggles to serve as the furry face behind purrLabs’ inaugural Creator Fund
December 17, 202480,000 Finnish homes get heat from Bitcoin mining, courtesy Marathon Digital
December 21, 2024The value of Bitcoin cryptocurrency (BTC) is anticipated to reach unprecedented heights in 2025 following an increase of nearly 150% in 2024. Currently trading at approximately $104,000, Bitcoin has outperformed AI leader Nvidia over the past six months with returns exceeding 55%, while Nvidia’s stock has shown minimal movement (Sell Nvidia, Buy Intel Stock? ). There are several factors to be optimistic about regarding Bitcoin as we approach the next year, taking into account political, administrative, and market changes. Cryptocurrency has historically been viewed as a “speculative” asset with minimal substantive impact on the economy. Nevertheless, its rising legitimacy, growing adoption, and heightened demand cannot be overlooked. However, alternative opportunities also exist. An increase of 40% in a week? Observe What’s Occurring With Broadcom Stock?
The original cryptocurrency surpassed the $100,000 threshold for the first time, buoyed by support from the Donald Trump-led administration. In addition to a change in regulatory perspective, notable institutional adoption, wider ecosystem advancements, restricted supply, and global macroeconomic uncertainty could propel Bitcoin above $150,000 by the conclusion of 2025. However, Bitcoin’s ascent has not been without its hazards and accompanying fluctuations. For those seeking growth with a more stable experience than cryptocurrency, consider the High-Quality portfolio, which has outperformed the S&P and achieved returns exceeding 91% since its inception.
The U. S. Government Has Never Been More Supportive of Cryptocurrency, and Major Players Are Fully Engaged
Donald Trump’s shifting perspective on cryptocurrency is promising for Bitcoin’s future. His intent to establish a strategic Bitcoin reserve and the necessity for favorable cryptocurrency regulations is revitalizing confidence in the sector. One focus of Trump’s presidential campaign was to create a strategic reserve for Bitcoin. Although it remains distant from realization, a formal proposal has already been put forth in the Senate. If approved, it would authorize the Treasury and the Federal Reserve to develop a reserve of approximately 5% of the global Bitcoin supply within five years, aimed at hedging against currency risk, reducing national debt, and bolstering the country’s balance sheet. The historically skeptical SEC chair, Gary Gensler, has already decided to resign, which is likely to pave the way for cryptocurrency-friendly regulations moving forward. Furthermore, Donald Trump’s team is considering appointing a dedicated position within the White House to oversee and advance the blockchain ecosystem. These advancements will likely work to diminish the risks associated with investing in a speculative asset, attracting more participants to the marketand this is already in motion. Observe What’s Driving the 500% Increase in RGTI Stock?
