Donald Trump is expected to issue executive orders on the first day of his presidency regarding Bitcoin and crypto
— The Washington Post
Tether has announced that the entire Tether group is going to be relocating and will now be HQ'd in El Salvador.
This has to have a massive impact on El Salvador. I mean the estimated GDP of ElSalvador was $34 billion in 2023 according to the World Bank. Tether had a net PROFIT of $10 billion in 2024... Source: James Seyffart @JSey
$JPM CEO Jamie Dimon just said that $BTC is "a Ponzi scheme" that "has no intrinsic value."
Meanwhile, the bank he runs is progressively adopting cryptos… Jamie Dimon, CEO of JPMorgan Chase, reiterated his harsh criticism of bitcoin. Despite his negative stance, Dimon concedes that cryptocurrencies might have a role in the future of finance. His views on Bitcoin have fluctuated over time, highlighting a pattern of inconsistency. And his own bank seems to be ignoring what he is saying...
Who owns Bitcoin? Estimated distribution... $BTC
Source: Charlie Bilello
🚀 JPMorgan analysts said the "debasement trade" is far from a passing trend, with both gold and bitcoin gaining structural importance in investor portfolios.
🚨 "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.
Bitcoin vs. fiat
Source: ₿itcoinTeddy @Bitcoin_Teddy Disclaimer: These are not investment recommendations. Cryptoasset investments can be complex and high risk.
Tom Lee of FundStrat just said, "We expect something around $250,000 for Bitcoin in 2025."
That’s a +155% move from here. Is it possible or too bold of a take? 🤔 $BTC Source: Trend Spider
BREAKING: Tether has burned over $1 billion overnight—their largest single burn in history. This marks the 4th major burn in 10 days.
Source: Jacob King
