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Novel products are surging! Will Cryptos welcome a wave of ETF innovations in 2025?
The USA Securities and Exchange Commission has received a large number of filings for novel financial products related to Cryptos, indicating that the year 2025 will see more Cryptos-centered Funds in the industry.
Bitcoin is about to begin a sell-off for several weeks, buckle up! Wall Street Analyst: At least a 10% drop.
① Technical strategists warn that Bitcoin sell-offs could last for several weeks and may decrease by 10% to $84,500; ② If it continues to fall, the next Resistance may be around $73,800.
Bitcoin "Embracing 2025": Several Institutions are Call on this year's market, boldly predicting it will soar to 0.25 million dollars!
① In the just concluded 2024, Bitcoin surged over 110%, with investors and industry executives expecting Bitcoin to reach new highs in 2025; ② The potential policy support that Trump is about to bring, along with the anticipated improvement in the USA regulatory environment, has become the main driving force behind Bitcoin's price; ③ Wall Street Analysts predict that the Bitcoin price range in 2025 will be between 0.08 million - -0.2 million USD, with some opinions even bullish up to 0.25 million USD.
Federal Reserve's Daly criticizes Cryptos: they cannot be equated with Gold, and are still far from becoming a 'currency'!
① San Francisco Fed President Daly believes that Cryptos should be seen as an independent asset class, rather than being mixed up with Gold. ② Daly stated that Cryptos are complex and are not yet ready to become "currencies."
Is bullish confidence weakening? MicroStrategy's weekly Bitcoin purchases continue to decline.
MicroStrategy's latest Bitcoin purchase data was disclosed on Monday, indicating a further decrease in its weekly purchasing volume compared to before.
From avoiding it to flocking to it, Wall Street has a "want to reject yet welcome" embrace of Bitcoin.
From avoidance to eager pursuit, Wall Street has gradually abandoned its initial stance and has engaged in Cryptos Trade, as concerns over reputation seem less important compared to the potential for huge profits.