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Big Bitcoin Dip, Saylor Buys More, Fidelity Mega-Bullish

Is now the time to deploy dry powder?

Author

Justin
January 13, 2025 • Read Time: 8 minutes

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VaultCraft V2 secures $100M+ BTC from Matrixport

VaultCraft launches V2 in partnership with Safe, lands $100M+ in Bitcoin

  • Matrixport entrusts VaultCraft with $100M+ Bitcoin

  • OKX Web3 rolls out Safe Smart Vaults with $250K+ rewards

Could Bitcoin become a staple in the vaults of nation-states?

Fidelity’s latest report suggests just that, predicting a global strategic shift with nation-states, central banks, and sovereign wealth funds seeing Bitcoin as a hedge against economic uncertainty by 2025.

With the approval of spot Bitcoin ETPs in 2024, the stage is set for a more accessible marketplace, drawing even the traditionally cautious pensions and endowments into the digital fray.

Historical narratives of Bitcoin acquisition have been speckled with tales of government seizures, but the times are changing.

Bhutan and El Salvador have already scripted successful tales of this digital investment.

As calls for a US Bitcoin reserve grow under upcoming administrations, the question isn't if, but when, governments will officially join the digital gold rush. Let's dive in!

  • Fidelity's report forecasts governments will adopt Bitcoin strategically post-2024 ETPs, spurred by institutional interest and economic pressures. — Read More

  • Crypto markets see $300 billion outflow as US inflation data may impact Fed's rate decisions. — Read More

  • Michael Saylor’s Microstrategy Buys 2,530 BTC, which brings their total holding to 450,000 BTC — Read More

  • Crypto mining hardware sales have tripled in Russia, as the nation considers lightening its regulatory stance on the industry. — Read More

  • Leaked OpenSea emails pose phishing threats, warns SlowMist. — Read More

Bitcoin Propels El Salvador's Tourism Surge

El Salvador's tourism booms with a 22% rise amid Bitcoin adoption, enhanced security, and U.S. tourist influx.

Bitcoin Reserves Drop Amidst Institutional Buying

Bitcoin exchange reserves hit a near 7-year low as hedge funds scoop up BTC during the dip, pointing to a potential supply shock-driven rally.

Deflationary Money: A Path to Wealth

Kyle Stoutenberg argues deflationary money empowers savers by retaining purchasing power, unlike inflation-prone systems that enrich the elite at the expense of the majority.

Bitcoin Mining Costs Surge to $70K

Bitcoin mining costs hit $70,000, potentially pushing prices to $350,000, with current trading at $94,791 and institutional backing from BlackRock and MicroStrategy.

Public Companies Embrace Bitcoin Reserve Strategies

Companies are following MicroStrategy's success by stockpiling Bitcoin, with high-profile firms like Tesla and Block among them.

US States Consider Bitcoin Reserves

Increasing interest in Bitcoin reserves among US states amid price hikes.

Bitcoin Drops Amid Renewed Fed Rate Speculations

Bitcoin slips as major banks revise rate cut expectations following strong jobs data.

Dimon Compares Bitcoin to Smoking Despite Softened Stance

Jamie Dimon grudgingly acknowledges crypto but equates Bitcoin to smoking, citing crime ties and lack of value.

Crypto Market Tumbles as BTC Hits New Lows

Bitcoin and altcoins suffer massive drops, causing $500M in liquidations across 200,000 traders.

Treasury Secretary Nominee Reveals $500K Bitcoin ETF Stake

Trump's Treasury nominee Bessent owns up to $500K in Bitcoin ETF, facing divestment questions amidst his confirmation.

Crypto Market Faces $100B Loss as Bitcoin Dips $3K

BTC drops by $3K while altcoins tumble, losing over $100 billion in market cap.

Ethereum Bulls Hopeful Despite Slump

Ethereum prices fall, but bulls remain optimistic amid supply inflation and predictions of new highs.

Hoskinson Defends ADA Holdings amid Cardano's Missed USDC Deal

Charles Hoskinson addresses criticisms over IOG's ADA holdings, revealing Cardano Foundation declined a $3M USDC deal, raising concerns about strategic decisions.

AVAX Faces Bearish Pressure, Eyes Key Support at $27

AVAX trades at $36.72 with strong resistance at $40-$42 and crucial support at $27, as bearish sentiment prevails with increased shorts and diminished Open Interest.

TAO Eyes $650 After dTAO Testnet Kickoff

TAO's price rebounds, heading towards $650 post dTAO Testnet launch.

Indian Railways Embraces NFT Tickets for MahaKumbh Mela

Indian Railways partners with Chaincode Consulting to offer NFT-based train tickets on the Polygon blockchain for MahaKumbh Mela pilgrims.

Chainlink (LINK) consolidates within a descending wedge at $20.17, with potential for a bullish breakout above $23.92 resistance level, as positive on-chain metrics and decreased exchange reserves indicate reduced selling pressure.

ONDO Token Unlock Could Propel Price by 55%

ONDO prepares for $2.42 billion token unlock amid potential 55% surge, fueled by falling wedge pattern.