1. The scale of Bitcoin spot ETFs in the USA has surpassed that of its Gold ETFs.
K33 research director Vetle Lunde posted on X platform, saying: "In the USA, the managed asset scale of Bitcoin ETF (129.3 billion USD) has surpassed that of Gold ETF (128.9 billion USD). Although Gold had a 20-year first-mover advantage, it has now been overtaken."
2. Analysis: If Bitcoin rises to 0.138 million USD, MicroStrategy's Market Cap will exceed that of Starbucks and Nike.
If Bitcoin rises to 0.138 million USD, MicroStrategy's Market Cap will exceed that of Starbucks and Nike. MicroStrategy holds 439,000 BTC, making it the largest Bitcoin corporate holder, surpassing Marathon Digital's 40,435 BTC holdings by 985%. Analysts state that monitoring the price of BTC can directly predict MSTR's market valuation potential. According to MicroStrategy's Net Asset Value (NAV) worksheet, its fully diluted Market Cap is 114 billion USD, while the derived MSTR NAV is around 40 billion USD. For every 1,000 USD increase in BTC, MSTR's Market Cap increases by about 0.44 billion USD. Therefore, if Bitcoin rises just 11% to 118,810 USD, MicroStrategy's Market Cap will surpass Starbucks' valuation rank. If each BTC rises by 32% to 140,000 USD, MSTR's Market Cap will exceed that of Nike. The condition for exceeding Nike's Market Cap is that MicroStrategy does not increase its current BTC holdings.
3. The Bitcoin Policy Institute in the USA drafts an executive order aiming to "designate Bitcoin as a strategic reserve asset."
A public document shows that the Bitcoin Policy Institute in the USA has drafted an executive order aiming to "designate Bitcoin as a strategic reserve asset," which could take effect as soon as Trump signs it on his first day in office.
4. Trump meets with Crypto.com CEO to discuss personnel appointments in the crypto industry.
The CEO of the cryptocurrency Exchange Crypto.com, Kris Marszalek, met with Trump on Monday at a Florida golf resort. According to a knowledgeable source, they discussed organizational personnel appointments related to the crypto industry, including those in the financial sector, Congress, and upcoming government agencies. This source also stated that they discussed appointments related to Bitcoin reserves. A spokesperson for Crypto.com stated, "We look forward to working with the new government to develop and advance clear regulations for the crypto industry so that the USA can become a global leader in digital assets and innovation."
5. A survey shows that one in five American voters trades, invests in, or uses Cryptos.
A new poll from Emerson College found that approximately one in five American voters (19%) stated that they have at some point invested in, traded, or used Cryptos. Spencer Kimball, the executive director of the Emerson College Polling Institute, said: "Cryptocurrency users are younger and have a larger minority base, highlighting Cryptos as an increasingly growing and diverse political support group: 57% of cryptocurrency users have a favorable opinion of Donald Trump."
6. Candidate chairman of the U.S. Senate Banking Committee: Cryptos are the world's "next miracle."
Tim Scott, the incoming Republican chairman of the U.S. Senate Banking Committee, stated at the Blockchain Association Policy Summit: "In my opinion, Cryptos are the world's next miracle." Tim Scott pledged that his group would have a cryptocurrency branch and would serve as chair of the newly formed Digital Assets Subcommittee. Tim Scott stated that both houses of Congress and elected President Donald Trump's administration will work towards the same goals, pushing for legislation, with two starting points being the "21st Century Financial Innovation and Technology Act" (FIT21) — aimed at establishing comprehensive protections for the crypto market, which passed the House this year with a significant bipartisan majority — and a stablecoin bill that is close to bipartisan agreement but has stalled due to certain sticking points involving federal and state government roles.
7. Bloomberg Analyst: Expect a wave of crypto ETFs next year, with XRP, SOL possibly following LTC and HBAR ETFs.
Bloomberg's senior ETF analyst Eric Balchunas stated on platform X: "We expect a wave of cryptocurrency ETFs next year, although not all will come at once. The first likely to appear could be a BTC+ETH combo ETF, then possibly Litecoin (since it’s a fork of BTC, i.e. Commodity), followed by HBAR (which is not classified as a security), and then XRP, Solana (both classified as securities in pending litigation)."
8. U.S. Treasury: Has cracked down on a North Korean crypto money laundering network.
The U.S. Treasury stated on Tuesday that it has cracked down on a North Korean cryptocurrency money laundering network that laundered millions of dollars for a major global cryptocurrency crime participant. According to a press release from the U.S. Treasury's Office of Foreign Assets Control (OFAC), a front company based in the UAE named Green Alpine Trading, LLC was found to convert cryptocurrencies into Cash / Money Market, providing funds to North Korea. The U.S. government's sanctioning agency has placed the company on a blacklist.
9. Galaxy CEO: It is expected that the Market Cap of Bitcoin will exceed Gold in 5 to 8 years.
Galaxy Digital CEO Michael Novogratz posted on Social Media, stating that it is expected that the Market Cap of Bitcoin will exceed Gold in 5 to 8 years. Galaxy's research head Alex Thorn analyzed that the Market Cap of Bitcoin has reached 14% of Gold's Market Cap of 17.8 trillion USD, marking a historical high.
10. The ETF Store President: In the long run, the size of the spot Bitcoin ETF may be three times that of the Gold ETF.
The ETF Store President Nate Geraci posted on X, stating, "In the long run, the size of the spot Bitcoin ETF may be three times that of the Gold ETF. The USA Gold ETF is currently around 125 billion USD, while the spot Bitcoin ETF is close to 120 billion USD. It sounds crazy, but I agree. It could be more."
11. Bitwise CIO: The Bitcoin strategic reserves in the USA could push Bitcoin up to 0.5 million USD.
Bitwise Chief Investment Officer Matt Hougan stated that the Bitcoin strategic reserves in the USA could push Bitcoin up to 0.5 million USD. "If it happens, or if we start to see it happen in other countries, you will see a Bitcoin surge, making Bitcoin in 2024 seem very tame in comparison."