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“The virus is spreading” – Bitcoin is suddenly poised for a “big” price move in 2025

Bitcoin has skyrocketed until 2024, Although the dire warning issued by the Federal Reserve raised fears of an imminent collapse.

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The price of Bitcoin exceeded $100,000 per Bitcoin on the back of Donald Trump’s victory in the US presidential elections, which was described as… A ‘tipping point’ for cryptocurrencies after Wall Street embraces spot exchange-traded funds (ETFs).

now, BlackRock also confirms a worrying bomb in the price of BitcoinBitcoin price is expected to be just weeks away from a “major” move as new Bitcoin ETF filings have been revealed.

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“If it is true that a lot of market makers are exposed to Bitcoin due to the volume of price movement, then we are just weeks away from the next major move,” said Bitcoin and cryptocurrency investor Mike Alfred. He said During this week’s X broadcast with anchor Scott Melker, pointing out the largest Bitcoin options expiration ever on Friday.

Wall Street’s adoption of bitcoin this year has been led by BlackRock, the world’s largest asset manager, following its successful campaign to bring bitcoin ETFs to the US last year, with the funds debuting in January.

U.S. spot bitcoin ETFs surpassed $100 billion in net assets for the first time in November, according to data from Bloomberg Intelligence, while BlackRock’s iShares Bitcoin Trust (IBIT) now has about $60 billion in assets under management, becoming One of the fastest growing ETFs ever. .

This week, two new ETFs designed to build on the growing trend of companies adopting Bitcoin Treasuries filed with the Securities and Exchange Commission (SEC).

The Bitwise Bitcoin Standard Corporations ETF will invest in companies that have “adopted the Bitcoin Standard,” defined as owning more than 1,000 bitcoins and meeting certain volume and liquidity requirements.

“I think in 2025, you’re going to see a lot of interest in index space strategies that provide diversified exposure to cryptocurrencies,” Matt Hogan, chief investment officer at Bitwise. He said Bloomberg this week.

“naturally, [that is] It’s something we’ve been doing at Bitwise since 2017 when we pioneered the concept. “I think 2025 is the time when this becomes the dominant way to allocate this space, in the same way that stocks and bonds and real estate and everything else is allocated.”

Meanwhile, Strive, the asset manager co-founded by Vivek Ramaswamy who will lead Doge’s government efficiency division in the Trump administration with Elon Musk, has filed to create a Strive Bitcoin Bond ETF, designed to provide “exposure to convertible securities issued by MicroStrategy… .or other companies that Strive…expects will invest all or a substantial portion of the proceeds to purchase Bitcoin (collectively, “Bitcoin Notes”).”

“The virus of bitcoin treasury operations is spreading,” said Nate Geraci, head of ETF Shop. to publish To X.

MicroStrategy, which was founded as a software company in the pre-dotcom boom era before the dot-com bubble, has turned into what its founder and CEO Michael Saylor calls a “bitcoin treasury” company, outperforming the likes of stock market darling Nvidia as it funds its bitcoin purchases. Using the sale of convertible securities and offers of shares in the market.

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ForbesFed’s $4.1 Trillion Dire Warning for 2025 Raises Fears of $20,000 Bitcoin Price Collapse

MicroStrategy has taken the Bitcoin price boom to all-time highs, far outpacing Bitcoin itself. Traders use the company’s shares as a proxy for Bitcoin, and it now holds 444,000 Bitcoins worth roughly $42 billion.

“This institutional adoption has a significant impact on market stability amid a widespread sell-off,” Maxim Sakharov, co-founder of decentralized finance platform WeFi, said in email comments.

“When US President-elect Donald Trump takes office next year, more companies will enter the Bitcoin ecosystem as regulations become favorable. The foundation for this favorable policy regarding Bitcoin and the cryptocurrency industry has already been laid. From an active draft law and from the creation of a strategic Bitcoin reserve For the country to nominate a pro-crypto US Securities and Exchange Commission chairman and crypto czar, the ecosystem may become attractive to many US institutions and investors in the coming year.

https://imageio.forbes.com/specials-images/imageserve/676fae96c2988d008381ed35/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds

2024-12-29 15:45:00

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