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币圈已在24年得到了它想要的一切!明年呢?

The cryptocurrency world has gotten everything it wanted in 2024! What about next year?

Golden10 Data ·  Dec 26 20:18

Cryptos were once the subject of ridicule among top figures on Wall Street, but now, some of the remaining skeptics on Wall Street also acknowledge that investing early would be wise.

Cryptos used to be viewed as a niche investment by the public, a concern for policymakers in Washington, and a subject of ridicule among top figures on Wall Street. However, this situation changed in 2024.

Currently,$Bitcoin (BTC.CC)$Such digital assets can now be owned and traded by ordinary people in the USA just like Stocks. Some of the biggest participants on Wall Street regard them as wise investments. The incoming government in Washington, D.C. has pledged to implement significant legislative reforms to support the Industry.

The widespread acceptance of Cryptos has brought massive gains to investors participating in it.

Since the beginning of the year, investors holding Bitcoin have seen their returns grow by 126%, with Bitcoin soaring to over 0.1 million dollars after Trump's election. According to Coinmarketcap, the market value of all Cryptos has ballooned by nearly 1.7 trillion dollars.

Ian Katz, the managing partner of Capital ALPHA, stated: "Currently, everything in the Cryptos industry is moving in a favorable direction."

Cryptos enthusiasts believe that the upward trend will not end soon.

Matt Hougan, Chief Investment Officer at Bitwise, anticipates that by this time next year, "we will have the same conversation about how Bitcoin has experienced an incredible surge." Bitwise expects Bitcoin to break through 0.2 million dollars by the end of 2025.

One of the biggest beneficiaries of this shift on Wall Street is Blackrock CEO Larry Fink, who was once a "proud skeptic" of Bitcoin, but now this leader of the world's largest Asset Management company has become one of its most prominent advocates.

Fink stated earlier this year, "I was a proud skeptic; I studied it, understood it, and then concluded that, 'Well, you know, my viewpoint for five years was wrong.'"

His company Blackrock now advises interested investors to allocate "up to 2%" of their portfolio to Bitcoin.

During the earnings call in October, Fink told analysts, "We believe Bitcoin itself is an asset class; it is a substitute for Gold and other Commodities."

Blackrock and 10 other Asset Management companies, such as Fidelity Investments and Franklin Templeton, received permission to launch a spot Bitcoin Exchange-traded Fund (ETF) in January, allowing ordinary investors to access the world's largest Cryptos without actually holding it.

Blackrock's spot Bitcoin ETF (IBIT) subsequently became the fastest-growing ETF in history. Research from JPMorgan showed that as of December 18, the 11 launched ETFs managed assets totaling 100 billion dollars.

Robbie Mitchnick, the head of digital assets at Blackrock, stated, "Some people would have invested in Bitcoin before, but they didn't participate because there was no trusted, simple, and efficient way to do so in the traditional sense. Then the ETF changed that."

Blackrock's acceptance of Cryptos (it also launched a smaller spot Ethereum ETF in late July) coincides with an election year in which a pro-Crypto congressional candidate receives significant support from the industry. Some of the biggest participants in Cryptos—including $Coinbase (COIN.US)$, Ripple, and venture capital firm Andreessen Horowitz—have contributed approximately $0.135 billion to Trump's presidential campaign through Super PACs.

During his campaign, Trump also made some commitments to the Industry. He promised to fire the Chairman of the SEC, Gary Gensler, who is one of the biggest opponents of the Industry; appoint a presidential advisory council on Cryptos; and establish a "strategic national Bitcoin reserve" with the help of Congress.

Whether the elected president will make the USA government a holder or even a buyer of Bitcoin remains a hot Topics.

However, Gensler has already submitted his resignation, and if confirmed, this position will be taken over by well-known Crypto lawyer Paul Atkins. For many years, Atkins has been clear about his support for clearer regulation of Cryptos without stifling innovation or imposing unnecessary oversight.

Trump also appointed venture capitalist David Sacks as the AI and Cryptos czar. Through his venture capital firm, Sacks has invested in many Cryptos and AI companies.

Some of Trump's other cabinet members have also disclosed or discussed their engagement with Cryptos.

If these appointments in the administration are not enough, the Industry eagerly anticipates that this will be the most supportive Congress for Cryptos in history.

Nic Carter, partner and co-founder of crypto venture capital firm Castle Island Ventures, pointed out, "People are shocked by this because we are an emerging Industry and our influence in Washington has been growing recently."

The Republican Party is expected to promote legislation favorable to Cryptos, which will provide clear regulation for stablecoins and the broader Cryptocurrency market, and even offer large banks a better way to interact with digital Assets. Carter has already met with Republicans to discuss the lack of access to Bank of America for the Cryptocurrency industry.

He added, "We are an industry that has been constantly hit over the past four years, and it is natural for us to try to protect our own interests."

However, Goldman Sachs CEO David Solomon pointed out in a recent meeting that many regulated USA banks are still unable to access Cryptos.

David Solomon added, "Everyone is speculating on how the regulatory framework will evolve, but it remains unclear how the regulatory framework will evolve."

When the first Cryptos legislation can be passed in the House and Senate, as well as in front of Trump, currently no one can say for sure.

Anthony Scaramucci, a Cryptos investor who served in Trump's first administration, pointed out, "I want to remind everyone, if you think a switch will be flipped after January 20 next year and everything will get better with Bitcoin and the digital Assets community thriving, you are wrong, that’s not how Washington works."

However, these unknown factors have not worried some Cryptos "evangelists."

$MicroStrategy (MSTR.US)$The Chairman and firm Bitcoin bull Michael Saylor stated this month: "For the past four years, I have said every day, Buy Bitcoin, do not sell Bitcoin. I will continue to buy more Bitcoin. I will always buy Bitcoin at the peaks."

Even some remaining skeptics on Wall Street acknowledge that investing in Bitcoin early would be wise.

Ken Griffin, the CEO of Citadel, stated at a summit earlier this month: "Of course, I wish the trading price of what I've bought has increased a hundred times compared to a few years ago, right? We all have fear of missing out (FOMO)."

Editor/Rocky

The translation is provided by third-party software.


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