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Bitcoin Makes $100K Comeback
PLUS: MSTR and Metaplanet Gearing Up For More BTC & SOL Poised For Local Top
Bitcoin Makes $100K Comeback
MSTR and Metaplanet Gearing Up For More BTC
SOL Poised For Local Top
$1M Bitcoin By This Date
And more…
Market Data Prices as of 7:00am ET
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BITCOIN MAKES $100K COMEBACK
Bitcoin is pushed over $100,000 yesterday as activity picked up following the New Year period.
At the start of the European afternoon, BTC was trading just above $102,000, marking a 3% increase compared to Friday evening and a 6.6% rise from December 31.
Similar to how President-elect Donald Trump's election victory pushed prices above $100,000 in December, many believe his upcoming inauguration could further drive BTC higher.
According to CF Benchmarks in their annual report, a restructured SEC under pro-cryptocurrency leadership may reduce regulatory risks and encourage innovation.
However, delays in implementation or policy changes could introduce some short-term volatility, potentially tempering market optimism.
MSTR AND METAPLANET GEARING UP FOR MORE BITCOIN
MicroStrategy and Metaplanet, two of the largest corporate Bitcoin holders, are ramping up their efforts to expand their BTC holdings.
MicroStrategy is set to raise as much as $2 billion through preferred stock offerings to fund its Bitcoin purchases in the first quarter of 2025.
Michael Saylor has posted a screenshot from SaylorTracker.com for the 9th straight week.
Each time, Saylor has revealed a significant Bitcoin purchase just the next day.
It appears Saylor is on a roll, making it 9 straight weeks of adding more Bitcoin to his holdings… 🚀
Meanwhile, Japanese investment firm Metaplanet is aiming to hold 10,000 BTC (which could be worth close to $1 billion at current market prices) by the end of the year.
Interestingly enough, Metaplanet was stock was the top performing stock of 2024 in Japan.
Metaplanet plans to increase its Bitcoin holdings as part of a broader strategy to boost Bitcoin adoption.
"By 2025, we intend to expand our Bitcoin reserves to 10,000 BTC by leveraging the most efficient capital market tools,"
Metaplanet traditionally centered around real estate and hotel development, but in April 2024, they shifted focus entirely to Bitcoin.
The announcement of this bold strategy caused Metaplanet stock to surge.
By the end of 2024, Metaplanet had accumulated 1,761 Bitcoin, worth $173.28 million, making them the 15th largest Bitcoin holder among publicly traded companies globally.
And this is just the beginning of their aggressive push into the Bitcoin space.
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SOLANA POISED FOR LOCAL TOP
Key Solana Market Trend Suggests a Possible Local Top
A familiar market dynamic from the Solana (SOL) price peak in March 2024 has resurfaced, casting doubt on the token's previously strong bullish outlook.
Last week, centralized exchanges saw a significant net inflow of $227.21 million worth of SOL, marking the highest volume since the third week of March, according to Coinglass.
At that time, exchanges recorded a net inflow surpassing $300 million.
This movement coincided with a price rally that saw SOL reach near $200 before entering a seven-month range play between $120 and $200.
A large movement of coins to exchanges suggests that holders might be preparing to either sell their tokens or deploy them in derivatives trading or DeFi strategies.
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BITCOIN TO $1M BY THIS DATE
Bitcoin could reach a million dollars in the next five years, with the potential for huge gains even sooner.
The risk of Bitcoin being worth less in five years is minimal.
Now is the time to stock up, says Wall Street veteran Fred Krueger.
Many experts share his view, with scientists predicting Bitcoin could hit $1 million by 2029, and some even suggesting it could happen as early as 2025.
Krueger believes this is feasible, citing the power law and Bitcoin's rapid growth.
He expects Bitcoin to double in value in the coming years, even amid market fluctuations, making the $1 million target achievable in the next decade.
Take a look at the video below to see clips from Fred’s recent interview:
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OTHER NEWS
Bitcoin Celebrates 16th Anniversary as $1B in BTC Purchased Over 48 Hours
Bitcoin Hashrate Hits New Record High on Its 16th Birthday
Bitcoin Exchange Deposits Hit Lowest Levels Since 2016, Suggesting Optimistic Market Sentiment
Leaked Information Fuels Speculation About the Upcoming Launch of 𝕏 Money, Raising Questions on Bitcoin’s Role in Crypto Regulation
Strike Platform Implements Travel Rule, Requiring EU and UK Users to Share Sender and Receiver Information for Bitcoin Transactions
Kraken Removes Users Expressing Intent to Allocate Over 10% of Portfolio to Bitcoin, Citing High-Risk Concerns
Tangem Wallet Faces Backlash Over Security Flaw Exposing User Seed Phrases via Email
Robinhood’s $8 Bitcoin Giveaway Tied to $55 Gold Subscription, Users Must Pay Annual Fee to Receive Reward
UK Bank Refuses Bitcoin Payment for Real Estate Transaction
Blockstream Unveils Jade Plus Hardware Wallet for Bitcoin Self-Custody, Marking Bitcoin’s 16th Anniversary
Dennis Porter Predicts US State Bitcoin Purchase in 4 Months at Michael Saylor’s $100K Bitcoin Party
US Continues to Lead in Bitcoin Hashrate, With Foundry USA and MARA Pool Mining Over 38% of Bitcoin’s Global Hashrate
Michael Saylor Discusses Bitcoin Policy with Eric Trump, Proposes Framework to Enhance the US Dollar
Russian Bitcoin Miners Look to Renewable Energy to Sidestep Regional Bans and Meet Environmental Demands
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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