In my last report, I highlighted a liquidity-driven price forecast for Bitcoin, which is ascending to global reserve asset status as the best hedge against monetary debasement. This link with currency debasement has held up fairly well over Bitcoin’s short history.
Trump takes the Presidency and pushes Bitcoin to a new all-time high of A$115k. BlackRock leads Bitcoin ETFs to new milestone. RBA holds rates as inflation rises. Real Vision discusses a liquidity-driven crypto bull-cycle. Tether's Q3 profit hits US$2.5 billion. US job growth slows.
Bitcoin ETFs have surged, attracting nearly US$900 million in one day, led by BlackRock's iShares Bitcoin Trust, which claimed US$872 million. Meanwhile, Tether reported Q3 profits of US$2.5 billion, driven by U.S. Treasury yields and gold prices, amid a stabilising global economy.
Prominent US investor, Paul Tudor Jones highlights gold and Bitcoin as essential hedges against inflation. Despite concerns over rising U.S. Treasury yields, Bitcoin options traders remain optimistic, betting on US$80K and a potential rise to US$200K by 2025.
Immutable X (IMX) is coming on Feb 7th. JPMorgan observes reduction in GBTC outflows, Australia sees 4.1% inflation rate as US Fed maintains steady interest rates. ETH Dencun upgrade aims for enhanced scalability, AVAX surges 10% as SOL rises above US$100.
Bitcoin soars past key resistance level to hit US$44K, week-to-date gains of 10%. El Salvador's BTC portfolio has turned profitable says President. Fresh money flows to crypto as stablecoin market expands. SEC delays Grayscale Ethereum ETF decision.