Yay gives you a definite answer: the bull market is not far away, what you should be afraid of is taking a step ahead!
Why do I say this? Let me explain.
1. Although Powell is currently very strong, he still has to follow Trump's instructions later. Once Trump officially takes office, the direction will change again! On December 17, 2024, the Bitcoin Policy Institute drafted an executive order proposing to establish a strategic Bitcoin reserve under the U.S. Treasury's Exchange Stabilization Fund (ESF) during the Trump administration (this order will only take effect after Trump is inaugurated and signed).
2. The Trump family's DeFi project, World Liberty Financial (WLF), spent 2.5 million USDT to purchase 722 ETH at an average price of approximately $3,460 around 7 AM today. The last time WLF made a major purchase of Ethereum was on December 12, when it spent 10 million USDC at an average price of $3,801 to acquire 2,631 ETH. During this period, WLF also continuously bought tokens in the DeFi sector such as AAVE and ENA.
3. MicroStrategy will officially be included in the Nasdaq 100 Index on December 23, with MSTR obtaining about 0.47% weight, becoming the 48th largest component stock. This means that all ETFs tracking this index will purchase approximately $2.1 billion of MSTR. MicroStrategy will be the strongest backing for BTC!
4. The accounting standards specifically formulated by FASB for cryptocurrencies officially came into effect on the 15th of this month. In the future, American companies holding cryptocurrencies will be able to account for their Bitcoin and other digital assets at fair market value in their financial statements.
Previously, for these companies, if the price of the cryptocurrency held on their balance sheet fell, they could only perform impairment; they could only register assets at a profit when they decided to sell the cryptocurrency.
In the next layout direction, I will guide everyone to aim for the high-profit opportunities in altcoins, especially those projects with great potential, with an expected space of over 10 times being no problem. If you want to make big money in the bull market, like + leave a message, and I will take you to layout the entire bull market!