Today is December 1, 2024. Bitcoin closed with a 37% monthly increase in November. According to my reasoning in August, Bitcoin historically sees a downward trend from August to December during halving, except for a few months that are bullish. Therefore, December should also be a bullish month. At the beginning of December, there will be a Microsoft shareholder meeting, where the CEO of MicroStrategy will have a 3-minute speech as a guest to persuade shareholders to choose to invest in Bitcoin. The second largest shareholder of Microsoft is BlackRock, so I believe BlackRock will fully support the process behind the scenes. Once Microsoft invests its idle cash into Bitcoin, shareholders of companies like Apple will also be uneasy and will successively consider Bitcoin as a reserve asset for their companies. Therefore, I personally believe Bitcoin will break the historic milestone of $100,000 in early December. This month, I think Ethereum's performance may outperform Bitcoin. Last Friday, the inflow amount for the Ethereum spot ETF was greater than that for the Bitcoin spot ETF. I think this indicates that investors believe Bitcoin's upward potential next year is limited, while Ethereum has not even broken this year's high of $4,000, making it more worthy of investment. On the other hand, I think the reason Ethereum spot ETFs have not been popular is that institutional investors holding Ethereum spot ETFs do not earn staking rewards, whereas holding Ethereum itself can earn rewards through the POS mechanism. After the change in SEC leadership, it is very likely that Ethereum will pass a stakeable spot ETF, which means holding the Ethereum spot ETF could also yield an annualized return of no less than 5%. Ethereum has been undervalued for a long time this year, but in the first half of next year, its increase may surprise all those who have looked down on it this year.