{
}
New Hampshire and North Dakota have introduced legislation for a Strategic Bitcoin Reserve, aiming to diversify state treasuries with digital assets. New Hampshire's bill, led by Rep. Keith Ammon, refers to "digital assets" without explicitly naming Bitcoin, while North Dakota's proposal has garnered 11 sponsors. The push for Bitcoin reserves has gained momentum following Donald Trump's promise to make the U.S. a crypto capital, though opinions on the likelihood of such a reserve materializing vary among industry leaders.
Michael Saylor has released a list of the top 60 institutional Bitcoin holders, with MicroStrategy leading at 444,262 BTC, followed by Marathon Digital with 44,394 BTC. Notable entries include Tesla with 9,720 BTC and Coinbase with 9,480 BTC, collectively holding 591,368 BTC valued at over $54 billion. Recently, MicroStrategy announced a $561 million Bitcoin purchase and reported a 0.72% yield, benefiting shareholders with a "Bitcoin gift" of 3,177 BTC worth approximately $299 million.
Mike Novogratz, CEO of Galaxy Digital, predicts that Bitcoin's market cap could surpass gold's within five to eight years, driven by record momentum and rising institutional adoption. Currently, Bitcoin's market cap stands at $2.13 trillion, about 14% of gold's $17.8 trillion value. This shift is underscored by Bitcoin ETFs now exceeding gold ETFs in total assets under management, reflecting a significant change in investor sentiment towards Bitcoin as a legitimate asset class.
Ethereum is at the forefront of blockchain innovation, serving as the backbone for decentralized finance, digital collectibles, and more. With upcoming upgrades poised to enhance transaction capabilities significantly, its long-term investment potential is compelling, despite inherent risks and market volatility.Prominent institutions are increasingly adopting Ethereum, and analysts predict substantial price appreciation, with estimates suggesting values could reach $14,000 to $20,000 per token by 2025. Investors are encouraged to approach this dynamic landscape with thorough research and a diversified strategy.
Bitcoin surged past $100,000 for the first time, reaching $102,874.00, following President-elect Donald Trump's announcement of Paul Atkins as SEC chair, signaling a potential shift towards a more favorable regulatory environment for cryptocurrencies. Federal Reserve chair Jerome Powell likened bitcoin to digital gold, while institutional interest grows with the launch of spot bitcoin ETFs by major firms. Optimism surrounds the new administration's pro-crypto initiatives, suggesting a significant shift towards mainstream acceptance of digital assets.
Bitcoin approached the $100,000 mark this week, reaching within $1,000 before retreating to around $96,150. Analysts express caution, noting that the psychological barrier of $100,000 may hinder further gains, with some investors cashing in on recent highs. Concerns about market leverage and potential corrections loom, yet optimism remains if political promises to the crypto sector materialize.
Bitcoin approached the $100,000 mark this week, trading around $95,600 after a brief dip to $90,702.27, as investors took profits amid concerns that the psychological barrier may hinder further gains. Analysts suggest that the recent surge could mislead investors, with some viewing it as a return play rather than a reflection of intrinsic value. Meanwhile, the U.S. is considering looser chip export restrictions, and China is tightening tungsten exports, impacting global markets.
Wall Street is transforming bitcoin trading with new financial products, including spot bitcoin ETFs and options, enhancing liquidity and allowing for leveraged bets. The U.S. spot bitcoin funds have amassed over $100 billion, with record inflows following interest rate cuts. As trading activity surges, investor confidence in bitcoin's long-term growth potential is evident, despite the market's inherent volatility.
Mike Novogratz
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
New Hampshire and North Dakota propose strategic bitcoin reserve legislation
Galaxy Digital Holdings Ltd.
USA
Keith Ammon
Dennis Porter
Nathan Toman
Donald Trump
Mike Novogratz
Josh Christy
Mike Cabell
Jeff Barta
Jack Mallers
Show more
22:17 10.01.2025
top institutional bitcoin holders revealed by michael saylor in latest list
Tesla, Inc.
Riot Blockchain Inc
MicroStrategy Inc
Galaxy Digital Holdings Ltd.
Hut 8 Corp.
Coinbase Global, Inc.
Block, Inc.
Marathon Digital Holdings Inc
CAN
USA
DEU
SGP
THA
JPN
NOR
Michael J. Saylor
Jack Dorsey
Mike Novogratz
Elon Musk
Show more
16:42 27.12.2024
bitcoin market cap may surpass gold in five to eight years
United States Dollar
BlackRock, Inc.
Galaxy Digital Holdings Ltd.
Jerome Powell
Alex Thornton
Mike Novogratz
Show more
01:15 18.12.2024
evaluating the investment potential of ethereum in a changing landscape
Microsoft Corporation
Mastercard Inc
JPMorgan Chase & Co.
Amazon.com, Inc.
Intellicheck, Inc.
Donald Trump
Mike Novogratz
Show more
22:00 12.12.2024
Bitcoin Surges Past 100000 Amid Optimism for Pro Crypto Regulatory Changes
United States Dollar
BlackRock, Inc.
Invesco QQQ Trust
Fidelity Contrafund
Charles Schwab Corp
CZE
Jerome Powell
Mike Novogratz
Gary Gensler
Paul Atkins
Rick Wurster
Donald Trump
Satoshi Nakamoto
Show more
03:45 05.12.2024
bitcoin approaches 100000 as market strategists express mixed views
Euro
United States Dollar
ASML
Tokyo Electron Ltd
Huawei
HYBE Co., Ltd.
TS Lombard
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
Galaxy Digital Holdings Ltd.
KOR
David L. Morrison
George Milling-stanley
Mike Novogratz
Show more
08:30 29.11.2024
bitcoin approaches 100000 as market strategists express mixed views
Russian Ruble
United States Dollar
Direct Line Insurance Group plc
Aviva plc
ASML
Tokyo Electron Ltd
Huawei
Morgan Stanley
Bitwise Bitcoin ETF
Trade Nation Ltd.
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
Galaxy Digital Holdings Ltd.
TUR
CHN
RUS
Andre Dragosch
David L. Morrison
George Milling-stanley
Mike Novogratz
Show more
02:01 29.11.2024
wall street embraces bitcoin with new trading options and record inflows
United States Dollar
Cboe Global Markets, Inc.
BlackRock, Inc.
USA
Vetle Lunde
Mike Novogratz
Donald Trump
Show more
20:54 25.11.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Global Trade Developments
Banking Regulations
Global Financial Events
Domestic Politics
Retail and Consumer Goods
Central Bank Actions
CEO Changes
Government Policies
Market Analysis and Predictions
Startups & Entrepreneurship
Workplace Trends
Elections & Campaigns
Government Economic Policies
Inflation and Monetary Impact
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
Deutsche Bank Money Market PP
Apple Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
UBS Group AG
Banco Santander, S.A.
CREDIT AGRICOLE
Amazon.com, Inc.
Berkshire Hathaway Inc.
Credit Agricole
Reinsurance Group of America, Incorporated
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Canadian Dollar
Australian Dollar
Offshore Chinese Yuan
Hong Kong Dollar
Singapore Dollar
Mexican Peso
Vietnamese Đồng
Indonesian Rupiah
Thai Baht
Norwegian Krone
Swedish Krona
Filipino Peso
People: