Economists warn of tech bubble and other risks BlackRock has 552,500 BTC
Reprinted from jinse
12/30/2024·4Mheadlines
▌Economists warn of three major risks: technology bubble, tariff policy and geopolitics
According to every scripture, 2024 is about to pass. Looking back on the past year, against the background of the continued AI craze, the Federal Reserve's shift to easing, and the coming of "Trump 2.0", the three major U.S. stock indexes will continue to set new historical records in 2024. The S&P 500 Index has closed at record highs nearly 60 times during the year. The Nasdaq broke through 20,000 points for the first time in history, and the Dow Jones Industrial Average reached 45,000 points for the first time. But there are also warnings in the market. Bank of America believes that the biggest risk in 2025 will be the technology bubble. In an interview with reporters, Dr. David Seif, chief economist of developed markets at Nomura, reminded that tariffs and geopolitical shocks are the two biggest potential risks, among which tariffs are most likely to interrupt the U.S. bull market.
▌BlackRock currently holds 552,500 Bitcoins, with a market value of over US$52 billion.
BlackRock officially updated the position information of spot Bitcoin ETF. As of December 30, BlackRock IBIT held 552,554 Bitcoins, which has exceeded the total supply of Bitcoin by 2%. The market value of its holdings exceeds US$52,156,788,405.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transaction price was US$93,522.37, with an intraday increase or decrease of -1.5 % ;
ETH’s recent transaction price was US$3,354.24, with an intraday increase or decrease of -1.1% ;
BNB’s recent transaction price was US$693.37, with an intraday increase or decrease of -3.9 % ;
SOL’s recent transaction price was US$189.86, with an intraday increase or decrease of -2.4 % ;
DOGE’s recent transaction price was 0.3145 yuan, with an intraday increase or decrease of -2.6% ;
XPR’s recent transaction price was $2.09, with an intraday increase or decrease of -3.9% .
policy
▌Foreign media: Former German Finance Minister said that the European Central Bank and the Bundesbank should encourage the inclusion of cryptocurrencies such as Bitcoin into their reserves
According to German business newspaper Handelsblatt: “Former federal finance minister Christian Lindner said the European Central Bank and the Bundesbank should encourage the inclusion of cryptocurrencies such as Bitcoin in their reserves.”
Blockchain application
▌Senator Cynthia Lummis proposes revaluing gold certificates and converting them into Bitcoin to provide funding
Bitcoin Magazine published an article on the funds.
cryptocurrency
▌Bitcoin mining difficulty increased by 1.16% to 109.78 T this morning, continuing to hit a new high
CloverPool data shows that Bitcoin mining difficulty ushered in a mining difficulty adjustment at block height 876,960 (5:55:37 on December 30, 2024). The mining difficulty was increased by 1.16% to 109.78 T, continuing to hit a record high. The current average computing power of the entire network is 781.07 EH/s.
▌ Founder of 1confirmation: ETH supply has decreased by 0.02% annually in the past two years to 120.4 million pieces
Nick, founder of 1confirmation Tomaino posted on the 21 million by 2140 is better than trusting central bankers, but usage-based deflation and a vibrant app ecosystem to bring economic freedom to the world are better in terms of fundamentals and sound monetary policy. There is no second best.”
▌The total value of positions on the U.S. spot Bitcoin ETF chain exceeds 100 billion U.S. dollars
According to Dune data, the total holdings on the U.S. spot Bitcoin ETF chain have exceeded 1.12 million BTC and are now approximately 1.129 million BTC, accounting for 5.70% of the current BTC supply. The value of on-chain holdings has reached approximately US$106.8 billion.
Important economic developments
▌The probability that the Fed will keep interest rates unchanged in January next year is 89.3%
Golden Finance reported that according to CME's "Fed Watch": the probability that the Federal Reserve will keep interest rates unchanged in January next year is 89.3%, and the probability of cutting interest rates by 25 basis points is 10.7%. The probability of keeping current interest rates unchanged by March next year is 51.8%, the probability of a cumulative 25 basis point interest rate cut is 43.7%, and the probability of a cumulative 50 basis point interest rate cut is 4.5%.
Golden Encyclopedia
▌ What is Ripple Labs’ RLUSD stablecoin?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and trading. As a stablecoin pegged to the U.S. dollar, 1 RLUSD is equal to 1 U.S. dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either U.S. dollar deposits or cash equivalents.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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