miadavis0339

@miadavis0339

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Bitcoin ETFs displayed a similar dynamic, with BlackRock’s iShares Bitcoin Trust (IBIT) clocking approximately $37 billion in 2024 net inflows against more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC).

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@taylorrose0047

Since November, ETH has outperformed BTC in crypto spot and derivatives markets, according to a December report by Bybit, a crypto exchange. Meanwhile, BTC ETFs saw the biggest net outflows ever on Dec. 19.

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Sustained growth in network activity, including from the proliferation of artificial intelligence agents, could further propel Ether’s performance, which has lagged behind rival layer-1 network Solana in 2024, Matt Hougan, Bitwise’s head of research, told Cointelegraph.

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Ethereum and Base, an Ethereum layer-2 scaling network, are “where many AI agents are currently operating,” Hougan told Cointelegraph in a Dec. 19 interview.

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Asset manager VanEck estimates Ether’s spot price will reach $6,000 by the fourth quarter of 2025.

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Today in crypto, phishing attacks were the most costly attack vector for the crypto industry in 2024, according to a new report from CertiK, BlackRock’s iShares Bitcoin Trust (IBIT) has clocked its largest one-day outflow since its launch in 2024, and Do Kwon has pleaded not guilty to a slew of charges in the United States.

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Today in crypto, phishing attacks were the most costly attack vector for the crypto industry in 2024, according to a new report from CertiK, BlackRock’s iShares Bitcoin Trust (IBIT) has clocked its largest one-day outflow since its launch in 2024, and Do Kwon has pleaded not guilty to a slew of charges in the United States.

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@taylorrose0047

Iliya Kalchev, dispatch analyst from crypto lender Nexo, believes “the Bitcoin Reserve Act could be a landmark moment for Bitcoin signaling its “recognition as a legitimate global financial instrument.”

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Dennis Porter, co-founder of the nonprofit organization Satoshi Act Fund, which supports pro-Bitcoin US policy bills, also believes Trump is exploring enabling a strategic Bitcoin reserve through an executive order.

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anthony5evans00

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Bitcoin advocates on Trump’s team have solid ground to push Lummis’ bill as Republicans dominate Congress and have a slim majority in the Senate. However, just a few Republican defectors, swayed by progressive outrage over supposedly handing the government’s wealth to Bitcoiners, could derail the bill.

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Earlier this month, Alex Krüger, economist and founder of macro digital assets advisory firm Asgard Markets, said the election result made him believe that “Bitcoin is highly likely in a supercycle.”

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Jack Mallers, founder and CEO of Strike, believes Trump has the “potential to use a day-one executive order to purchase Bitcoin” although he cautioned that it would not equate to a 1 million Bitcoin purchase.

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An executive order, however, would lack stability, as subsequent presidents often reverse such orders. The only way to ensure the long term future of a strategic Bitcoin reserve would be with legislation with majority support.

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So far, Trump’s team has not directly confirmed the claims about an executive order, but Trump was asked on CNBC if the US would create a BTC Reserve similar to its oil reserve (which could mean legislation) and he answered, “Yes, I think so.”

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He believes that Bitcoin’s unique situation could be compared to gold when it surged from $35 per ounce in 1971 to $850 in 1981 as former US President Richard Nixon took the US off the gold standard, ending the Bretton Woods system.

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Krüger did not rule out the possibility of Bitcoin going through a bear market as in past cycles. However, he urged the crypto investors to “stop comparing this cycle to prior cycles” as it may be different this time.

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Trump’s actions to date certainly suggest a favorable administration going ahead. He’s nominated pro-crypto and pro-deregulation Paul Atkins as chairman of the Securities and Exchange Commison after Gary Gensler stepped down.

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Trump’s actions to date certainly suggest a favorable administration going ahead. He’s nominated pro-crypto and pro-deregulation Paul Atkins as chairman of the Securities and Exchange Commison after Gary Gensler stepped down.

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Krüger did not rule out the possibility of Bitcoin going through a bear market as in past cycles. However, he urged the crypto investors to “stop comparing this cycle to prior cycles” as it may be different this time.

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He believes that Bitcoin’s unique situation could be compared to gold when it surged from $35 per ounce in 1971 to $850 in 1981 as former US President Richard Nixon took the US off the gold standard, ending the Bretton Woods system.

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