Syz the moment

🚨 "The gold price appreciation over the past year has gone well beyond the moves implied by dollar and real bond yield shifts, and likely reflects the re-emergence of this 'debasement trade,'" JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Friday. Meanwhile, a record capital inflow into crypto markets in 2024 suggests that bitcoin is also becoming "a more important component" of investors' portfolios, they added. 👉 The debasement trade refers to a strategy where investors turn to assets like gold and bitcoin to hedge against the devaluation of fiat currencies, often driven by factors such as inflation, rising government debt and geopolitical instability. 🔴 Overall, with both gold and bitcoin gaining structural importance, the debasement trade is here to stay, according to the analysts. Last October, the analysts expressed bullishness on crypto heading into 2025, citing factors such as the debasement trade and growing institutional adoption, among others. Source: The Block Disclaimer: These are not investment recommendations. Cryptoasset investments can be complex and high risk.

Source: ₿itcoinTeddy @Bitcoin_Teddy Disclaimer: These are not investment recommendations. Cryptoasset investments can be complex and high risk.

That’s a +155% move from here. Is it possible or too bold of a take? 🤔 $BTC Source: Trend Spider

Source: Jacob King

Expect major liquidity injections. Bullish for Bitcoin ? Source: Crypto Rover @rovercrc

👉 Strive Asset Management is launching a new ETF that will provide exposure to Bitcoin through convertible securities, primarily focusing on MicroStrategy’s holdings. 👉The Strive Bitcoin Bond ETF will invest at least 80% of its assets in “Bitcoin Bonds” and related derivative instruments, including swaps and options. 👉The actively managed fund will hold both direct positions in Bitcoin-linked convertible securities and derivatives, with allocation decisions based on cost and return potential. 👉The fund will maintain cash positions in short-term US Treasury securities and may invest in other Bitcoin-focused investment vehicles. 👉As a non-diversified fund, it can concentrate holdings in single issuers like MicroStrategy and allocate more than 25% of assets to software and technology sector companies. 👉Operating under a “manager of managers” structure, the ETF will be advised by Empowered Funds, LLC, which can appoint and replace sub-advisers without shareholder approval. 👉The fund’s shares will trade on the New York Stock Exchange and be held through the Depository Trust Company. Source: Vivek⚡️on X, Cryptobriefing

Staking a cryptocurrency should induce a tax liability as soon as it is done, the US government says. The IRS rebuffed a suit brought by Joshua Jarrett, a cryptocurrency investor who has sued in the US District Court for the Middle District of Tennessee source : bloomberg

Two scenarios: dislocate from global M2 thanks to BTC-native buy side, or continue following it into a deep mid-cycle correction. Source: Joe Consorti, Bloomberg