Happy Wednesday. Despite Trump’s calls to reduce borrowing costs by “a lot,” the central bank is widely expected to hold interest rates steady in its first meeting of 2025 later today.
Hodl strong, J Pow — we all know you caved in last quarter!
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Robinhood co-founder and CEO Vlad Tenev penned an op-ed in the Washington Post yesterday on why the U.S. should allow individuals to invest in early-stage companies without the normal “accreditation” requirements. How? With crypto, of course.
Vlad Tenev @vladtenev
1/ Finally, the U.S. is making up for lost time and taking crypto seriously. So many promising strides forward. It’s time to even further expand our understanding of what’s possible.
Read my op-ed in today’s @washingtonpost on democratizing private investing through… x.com/i/web/status/1…
7:32 PM • Jan 28, 2025
954 Likes 154 Retweets
127 Replies
4. Bitwise Files with the SEC for a Dogecoin ETF
While Bitwise wasn’t the first fund to file for a DOGE ETF, they are the most significant. With eight ETFs in their roster, headed by their $4.5 billion Bitcoin ETF (BITB), Bitwise is nothing to ignore. Let’s be honest, a DOGE ETF is laughable. But what’s not is the fact that DOGE trades more than $1 billion daily. And with a $47 billion market cap, it would place it at #207 in the S&P 500 – between Monster Beverages and Cummins.
3. Czech Mate
Aleš Michl, governor of the Czech National Bank (CNB), wants to invest up to 5% of the country’s €140 billion reserves in bitcoin – a move that would make it the first Western central bank to hold crypto. Michl, who expects more central banks to follow suit in the coming years, told the Financial Times that he would present a plan to the board at a meeting on Thursday.
2. The End of the Four Year Cycle?
For those who have been invested in BTC long enough, you’ll know that Bitcoin has historically moved in a four-year cycle: three big up years followed by a pullback (chart here). Now, BTC had a great 2023 and 2024; therefore, according to the cycle, 2025 should also be great. But it’s natural for investors to wonder if the markets are in for a reset in 2026. But Bitwise’s CIO thinks we may have broken the cycle once and for all.
1. Oh, It’s a Party Now
Yesterday, Arizona took the first step toward letting the state invest its public funds in digital assets. Today, a Utah legislative committee passed the same. So far, that’s 11 states who have introduced their own version of a Strategic Reserve bill and other states like South Dakota and Kentucky are poised to join the party soon.
Beyond the US, the Czech Republic is making waves (see above), while companies like BlackRock quietly scooped up $1 billion in BTC last week, bringing its holdings to 2.7% of bitcoin’s total supply.
Full gangbusters moment for bitcoin right now – talk about a shift.
Jordan Teuscher @jordanteuscher
Thrilled to join with @Dennis_Porter_ to announce HB230 which will allow the state to invest in digital assets. While Utah is the 11th state to introduce similar legislation, we will be the first to pass it. Utah continues to lead the nation in blockchain and digital innovation!
Dennis Porter @Dennis_Porter_
BIG BREAKING: The state of Utah becomes the 11th state to see a ‘Strategic Bitcoin Reserve’ bill introduced. Thank you @jordanteuscher for your leadership.
1:11 PM • Jan 21, 2025
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73 Replies
Crypto's Perfect Storm Has Begun
The 2017 halving bull run created 20,000 – 50,000 new millionaires…
The 2021 run? Well over 100,000…
And with Bitcoin hitting $100,000 post-Trump victory, I believe this time is going to be even bigger…
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