21Shares’ 2025 Crypto Outlook predicts significant growth for Bitcoin and Ethereum, highlighting increased adoption as a reserve asset and a resurgence in Ethereum’s revenue, driven by institutional interest and favorable regulatory conditions.
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Category: Bitcoin
Crypto Wallets Swell to 400 Million with Rising Bull Market: Chainalysis
The number of cryptocurrency wallets holding positive balances has surged past 400 million, signaling growing adoption amid the ongoing bull market.
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Former US Treasury Secretary Calls Trump’s Bitcoin Reserve Plan ‘Crazy’
Lawrence Summers, a former US Treasury Secretary, has criticized President-elect Donald Trump’s proposal for the US government to establish a Bitcoin reserve, labeling the idea as impractical.
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“Bitcoin Price Will Even Reach Seven Figures” – Bitcoin Suisse Founder
Bitcoin Suisse founder Niklas Nikolajsen predicts Bitcoin will hit a seven-figure price, driven by the US election and Bitcoin halving.
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Bank of America Strategist Claims Crypto and Stock Markets are Overvalued
Michael Hartnett of Bank of America has raised concerns that the US stock and cryptocurrency markets might be overvalued following the recent rallies.
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Semler Scientific Purchases Additional $30 Million in Bitcoin to Expand its BTC Holdings
Semler Scientific, a healthcare technology firm, has expanded its corporate Bitcoin treasury by purchasing 303 BTC, valued at $29.3 million, between November 25 and December 4, 2024. This acquisition brings the company’s total Bitcoin holdings to 1,873 BTC, acquired at an average price of $78,553 per coin, totaling approximately $147.1 million.
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Florida Could Launch Statewide Bitcoin Reserve by Q1 of 2025, Samuel Armes Says
Florida may establish a Bitcoin reserve by 2025, leveraging pension funds and budget surplus to create a cryptocurrency stockpile. Advocated by Samuel Armes and supported by pro-Bitcoin leaders, this initiative reflects Florida’s growing role in the Bitcoin economy amidst rising market adoption.
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Bitcoin Reserve a “Bad Deal for Americans”: Bill Dudley
Former NY Fed President Bill Dudley cautions that creating a federal Bitcoin reserve could strain public finances, drive up inflation, and provide limited benefits to most Americans. He highlights Bitcoin’s volatility, capped supply, and economic risks, urging policymakers to focus on regulation instead.
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Czech Republic Approves Capital Gains Tax Exemption for Bitcoin Held Over Three Years
The Czech Republic has approved a capital gains tax exemption for Bitcoin held for over three years, aligning its taxation with traditional financial instruments and encouraging long-term investments in the cryptocurrency market starting January 1, 2025.
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MicroStrategy Surges 8% After Bitcoin Reaches $100k
Michael Saylor-created software firm MicroStrategy surged over eight percent Thursday after Bitcoin finally crossed its long awaited $100k mark late Wednesday. The token’s latest boost puts the company’s stock up nearly 600% just this year, outpacing the S&P 500.
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