U.S. Crypto Task Force to Focus on Delivering National Bitcoin Reserve: Bernstein
The Federal Reserve could issue debt or sell some of its gold reserves to fund purchases of BTC, the report said.
Analysts
Bitcoin No Longer a Niche Investment as Institutional Adoption Takes Off: WisdomTree
Multi-asset investment portfolios with allocations to bitcoin are consistently outperforming those that don’t hold the cryptocurrency, the report said.
Bitcoin Caught Up in a Macro-Driven Sell-Off, May Fall Further: Standard Chartered
There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said.
Nation-States and Central Banks Are Expected to Buy Bitcoin in 2025, Fidelity Says
Rising inflation, currency debasement and growing fiscal deficits will push countries to make strategic bitcoin allocations, the report said.
Miners Are Adopting the Same Bitcoin Acquisition Strategy as MicroStrategy: JPMorgan
The strategic shift to a bitcoin accumulation model is due to pressure on profitability following the reward halving, the report said.
November Was a ‘Monumental’ Month for the Crypto Market, JPMorgan Says
Total crypto market cap jumped 45% in November, in the best monthly return to-date, the report said.
Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi
The nomination of crypto-friendly Paul Atkins as chair of the SEC provided the final boost that propelled bitcoin through the $100,000 level, the report said.
MicroStrategy Leveraged ETFs’ Impact on Crypto Markets Is Growing: JPMorgan
Leveraged MicroStrategy ETFs attracted $3.4 billion of inflows in November, the report said.
MicroStrategy Is a Bitcoin Magnet Pulling in the Earth’s Capital Reserves: Bernstein
Bernstein raised its MicroStrategy price target to $600 from $290.
Broker Canaccord also increased its price target for the software company, to $510 from $300.
The shares rose over 6% in early trading Monday.
Robinhood Is the Top Crypto Deregulation Trade, Bernstein Says
The broker raised its price target on the trading platform’s stock to $51 from $30.