Displaying items by tag: crypto

Sunday, 05 January 2025 15:54

Bitcoin Watchers are Very Bullish for 2025

Bitcoin is forecasted to experience significant price growth in 2025, driven by favorable regulatory changes and increasing institutional adoption. Analysts predict potential price peaks ranging from $150,000 to $250,000, with Trump's pro-crypto policies and support for a bitcoin reserve bolstering optimism. 

 

The approval of bitcoin ETFs and the halving event in 2024 set the stage for mainstream acceptance and reduced supply, enhancing price stability. Institutional inflows, including allocations from retirement funds and sovereign wealth reserves, are expected to mitigate past cycles' extreme volatility. 

 

However, experts caution against potential market corrections due to global economic disruptions or policy delays. Overall, bitcoin’s expanding role as a reserve asset and its growing integration into traditional finance solidify its bullish outlook.


Finsum: While these targets seem high its important to note that almost all experts are expecting volatility beyond typical asset classes, so these forecasts carry more risk than usual. 

Published in Wealth Management
Monday, 30 December 2024 03:46

Russia Expands Bitcoin to Trade Use

Russia has begun leveraging bitcoin and other digital currencies for international payments to navigate the challenges of Western sanctions. This shift follows recent legislation allowing cryptocurrency use in foreign trade and steps to legalize crypto mining, where Russia is a global leader. 

 

Finance Minister Anton Siluanov confirmed that bitcoin mined within the country is already being used in trade, with plans to expand such transactions in the future. President Vladimir Putin has criticized U.S. reliance on the dollar for political leverage, arguing it undermines its role as a global reserve currency. 

 

Putin has also voiced support for cryptocurrencies, highlighting bitcoin’s resistance to global regulation. These developments underscore Russia's growing focus on digital assets to enhance financial autonomy and trade resilience.


Finsum: While these events can provide volatility in the value of bitcoin they can underscore the value of the currency in an international market. 

 



Published in Wealth Management
Thursday, 19 December 2024 08:21

Don’t Sleep on this Stablecoin

Ethena has introduced USDtb, a new stablecoin backed predominantly by BlackRock’s tokenized BUIDL fund. Over 90% of USDtb’s reserves will consist of U.S. government debt, cash, and repos, with the remainder held in stablecoins and tokenized Treasuries. 

 

Designed to complement Ethena’s synthetic dollar product, USDe, USDtb serves as a reserve asset to mitigate risks associated with USDe’s derivative-based strategy during unfavorable market conditions. The reserves for USDtb will be managed by Pallas, a BVI-based entity, while Ethena Labs will provide oversight and investment management through its subsidiaries. 

 

The stablecoin has undergone independent security audits and is supported by major liquidity providers such as Jump and GSR Markets. 


Finsum: While bitcoin is drawing a lot of crypto attention, stable coin could be a wonderful opportunity looking for slightly different in crypto. 

Published in Wealth Management
Wednesday, 18 December 2024 13:53

Bitcoin Surging With Pro Crypto Administration

Bitcoin surged past $107,000, hitting an all-time high following President-elect Donald Trump's pledge to create a U.S. bitcoin strategic reserve, mirroring the oil reserve system. This announcement, combined with the inclusion of Bitcoin-focused company MicroStrategy in the Nasdaq 100, fueled market optimism. 

 

Bitcoin rose over 50% since the November U.S. election, while Ethereum also saw gains. Trump, who has shifted to a pro-crypto stance, hinted at plans to establish the U.S. as a global crypto leader, naming crypto-friendly officials to key regulatory positions. 

 

Despite enthusiasm, analysts caution that implementing a bitcoin reserve could face significant delays and complexities. 


Finsum: Bitcoin's value has soared over 150% this year, reflecting increasing investor confidence in its regulatory and market potential.

Published in Wealth Management
Friday, 29 November 2024 04:27

Bitcoin Slumps After Nearing Six Figures

Bitcoin has had a rough stretch since Donald Trump's election victory, following a failed attempt to surpass the $100,000 mark. This four-day decline has reduced its value by roughly 8%, with Bitcoin trading at $91,615 on Tuesday morning in New York. 

 

Meanwhile, the broader cryptocurrency market saw a dip in its $1 trillion gain since the November 5 election. The struggle to break through the $100,000 threshold might prompt traders to lock in profits, according to crypto analyst Noelle Acheson, though she believes this setback will be short-lived.

 

Despite the current dip, experts like Adrian Przelozny remain optimistic about the market’s future, expecting the bullish trend to persist in 2025. Trump's recent commitment to supporting crypto regulations and building a Bitcoin reserve has further fueled optimism.


Finsum: We remain cautious regarding bitcoin in the near term because the priority of these policy changes is still up in the air. 

Published in Wealth Management
Page 2 of 10

Contact Us

Newsletter

Subscribe

Subscribe to our daily newsletter

Top