BTC price rebounds strongly, market confidence gradually restores
Recently, the price of Bitcoin (BTC) surged past the 97,000 USDT mark, with a 24-hour increase of 5.45%, currently reported at 97,006.7 USDT. This significant price increase reflects not only a warming market sentiment but also indicates that after a period of adjustment, Bitcoin is regaining favor with investors.
SEC Chairman clarifies stance: Bitcoin is not a security, global investment enthusiasm surges
Outgoing SEC Chairman Gary Gensler recently clarified in public that the SEC has never defined Bitcoin and Ethereum as securities. This clarification not only dispels long-standing market doubts but also provides a clearer legal framework for the investment legitimacy of cryptocurrencies like Bitcoin globally.
Gary Gensler further pointed out that while Bitcoin is a highly speculative asset, its global trading enthusiasm is comparable to traditional assets like gold. He mentioned: 'Just as we have had gold for 10,000 years, we now have Bitcoin.' This analogy vividly illustrates Bitcoin's significant position in the global financial market.
PPI data below expectations, inflation situation still uncertain
The US December PPI inflation data was significantly below expectations, with the overall data rising 3.3% year-on-year, lower than the market consensus forecast of 3.5%. This data has some impact on the Fed's monetary policy adjustments, but it has not completely changed the market's view on future inflation. Despite the moderate increase in PPI data, the strong performance of the job market makes it unlikely that the Fed will cut rates again before the second half of this year.
However, it is worth noting that at least one Wall Street firm (Bank of America) believes that the Fed's easing cycle has ended. Goldman Sachs expects two rate cuts in June and December this year, down from the previously expected three. These differing forecasts reflect market uncertainty regarding future inflation and monetary policy direction.
Significant trend of institutional investment: Giants like MicroStrategy continue to increase holdings
Since launching its Bitcoin acquisition plan in 2020, MicroStrategy has purchased over 450,000 Bitcoins, totaling more than $43 billion in value. Its latest purchase action was announced on Monday, further highlighting institutional optimism towards Bitcoin in the long term. Bitwise Chief Investment Officer Matt Hougan pointed out that companies like MicroStrategy buying Bitcoin represent a huge trend that has been overlooked. He predicts that hundreds of companies will purchase Bitcoin for their treasury reserves in the next 12 to 18 months, significantly boosting the entire Bitcoin market.
Grayscale appears to be buying the dip, increasing its Bitcoin holdings
According to monitoring data from Arkham, Grayscale appears to have bought the dip recently and increased its holdings by about 142 Bitcoins, valued at approximately 13.11 million USD. This action indicates that even during market corrections, institutional investors like Grayscale maintain strong confidence in Bitcoin.
El Salvador's financial technology rise: Giants like Tether are moving in
As El Salvador rapidly develops in the fintech sector, the country is gradually becoming the fintech hub of Central and South America. Tether CEO Paolo Ardoino announced on social media that Bitfinex Securities and Bitfinex Derivatives have moved to El Salvador, with Tether following suit. This series of actions not only demonstrates recognition of El Salvador's fintech environment but also suggests that more companies will follow this lead, collectively promoting the prosperity of the fintech industry in the region.
Former Thai Prime Minister optimistic about cryptocurrency legalization prospects
Former Thai Prime Minister Thaksin Shinawatra recently stated that allowing the trading of stablecoins and other asset-backed tokens poses no risk and urged regulators to legalize online entertainment to increase revenue sources. This statement provides strong support for the legalization process of Thailand's cryptocurrency industry.
Fundstrat Research Director: Bitcoin may reach $200,000 to $250,000 by the end of the year
Fundstrat Research Director Tom Lee stated that despite a short-term pullback in Bitcoin, he remains optimistic about its target of reaching $200,000 to $250,000 by the end of the year. He noted that Bitcoin's decline in this cycle has been relatively mild, far less than during the previous bull market, indicating that the asset is maturing. Lee believes Bitcoin will be one of the best-performing assets in 2025.
CZ calls on investors to seize the moment
Binance founder CZ posted on social media urging investors to take action now, whether to buy Bitcoin early, bottom-fish, hold, or learn about cryptocurrencies sooner. He emphasized that now is the best time, better to be early than late. This call reflects CZ's firm confidence in the cryptocurrency market.
BlackRock report: Bitcoin adoption rate surpasses that of the internet and mobile phones
According to a recent report by BlackRock, the adoption rate of Bitcoin has surpassed that of past transformative technologies, including the internet and mobile phones. The report noted that since its launch in 2009, Bitcoin has rapidly evolved from a niche innovation to a globally recognized asset. It attributes this evolution to demographic trends, economic changes, and the ongoing digital transformation of finance. The younger generation's familiarity with technology and preference for digital-first solutions makes them the leading adopters of cryptocurrency. In uncertain times, Bitcoin's independence from centralized organizations resonates with global investors.
Bitcoin leads the fintech revolution, with promising future prospects
Global investment enthusiasm for Bitcoin continues to rise, not only attracting institutional investors but also gaining recognition from governments and regulatory bodies worldwide. With the rapid development of fintech and the digital transformation of the global economy, Bitcoin is gradually becoming an indispensable part of the financial landscape. In the future, as more countries and regions support and regulate the cryptocurrency industry, Bitcoin is expected to achieve broader application and recognition globally. Investors should closely monitor market dynamics and policy trends to seize this historic investment opportunity.
Author: Tang Hua Banzhu
This article was first published on Binance Square