Bitcoin has surged! Is the Retirement fund also taking action? A large Australian Retirement fund has rarely allocated Bitcoin.
① AMP Ltd, an Australian retirement and wealth management company, has invested 27 million Australian Dollars in Bitcoin, becoming the country's first large retirement fund to buy Bitcoin. ② The Chief Investment Officer of AMP stated that Bitcoin was purchased in May at a price of 0.06 million to 0.07 million USD, which is part of AMP's Global Strategy for diversification.
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Annual review | In 2024, the crypto world will welcome a highlight moment! Bitcoin accelerates towards breaking through the 0.1 million dollar mark, with Trump as a catalyst for explosive growth?
Bitcoin has welcomed multiple historic moments, including the Bitcoin spot ETF, Bitcoin halving, the launch of Bitcoin spot ETF Options, the arrival of the USA's first 'Crypto President', and the 'AI and Crypto Emperor', as well as a historic breakthrough of surpassing 0.1 million dollars.
Breaking news! Ukraine will "legalize" Bitcoin in 2025, and Argentina plans to allow free Trade of Bitcoin.
The Ukrainian government has announced that it expects to officially legalize Cryptos in the first quarter of 2025. Argentine President Milei has previewed a plan to implement free currency circulation in 2025, allowing people in the country to freely choose their currency for Trade, including Bitcoin.
The world's largest asset management firm Blackrock considers that having 2% of Bitcoin in an asset portfolio is "reasonable."
Blackrock stated that Bitcoin cannot be compared to traditional Assets, and the "seven giants" of U.S. stocks can serve as a reference. Generally, each of the seven Stocks accounts for about 1-2% of the overall investment portfolio, and exceeding this range significantly increases the risk proportion. In the long run, Bitcoin may become less risky, and investors might use it to hedge against specific risks, similar to Gold.
Trump rings the opening bell for the NYSE: the stock market is everything, and there will be a big push in the Cryptos field.
Trump seized this opportunity to make a new round of tax cut promises, and also promised to "make significant moves in the Cryptos sector."
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Regulatory obstacles for Cryptos are expected to be removed, yet still difficult to please Bank of America bankers.
At this week's Reuters NEXT conference held in New York, bankers from Bank of America expressed a cautious attitude towards Cryptos, even though the market generally expects that under the leadership of incoming President Trump, friendlier regulations will pave the way for lending Institutions to expand into the realm of Digital Assets.
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