The best asset class in H2 this year wasn't AI. It wasn't Bitcoin. It wasn't a single asset like Nvidia. It wasn't even the goliath Microstrategy. It was Quantum Computing.
#MarketNewHype Shares of MicroStrategy rose 6% in premarket trading Monday, as the software company and bitcoin buyer were set to join the tech-heavy Nasdaq 100 index that could further bolster a rally in the stock. The $25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin through MicroStrategy, which holds $44 billion of the digital currency on its balance sheet, or about 2% of the total supply of the world's largest cryptocurrency.
#Bitcoin rose to a record high on Monday as investors looked to the prospect of a Strategic Reserve under incoming President Donald Trump, while MicroStrategy’s addition to the Nasdaq 100 also spurred optimism. The world’s biggest cryptocurrency reversed a weekend rout and pushed further above the $100,000 level, after Trump once again floated the idea of a Bitcoin reserve. Sentiment was also boosted by MicroStrategy Incorporated (NASDAQ:MSTR) being added to the Nasdaq 100 index- a move that c
JUST IN: 🇺🇸 US Senator Cynthia Lummis meets with the future Treasury Secretary and says he'll be "a crucial ally in passing my Strategic Bitcoin Reserve" bill.
Fed liquidity is set to drop over the coming weeks
Fed liquidity is set to drop over the coming weeks - so what does this mean? Net Federal Reserve Liquidity rose by roughly $110bn over the past seven days. But this is probably about as good as it's going to get as we head into the end of Q4. This is because we can anticipate a seasonal Fed liquidity crunch over the next 2.5 weeks.
The Treasury General Account balance will rise (liquidity drain) next week, due in part to quarterly estimated tax payments. Then, at some point next week, Reverse
The XRP phenomenon in South Korea In recent months, XRP has seen a meteoric rise in South Korea. The cryptocurrency, initially designed to facilitate cross-border financial transactions, has quickly attracted South Korean investors. The link between XRP and gaming: a winning equation? * Integrated microtransactions: XRP could revolutionize the microtransaction system in video games. By offering fast, secure and low-cost transactions, it could become the preferred currency for purchasing virtual items, skins or even in-game currency.
MicroStrategy CEO Michael Saylor recently made a bold proposition to Microsoft: by investing heavily in Bitcoin, the tech giant could see its market capitalization jump by nearly $5 trillion. A risky but promising strategy? Saylor, known for being a strong advocate of Bitcoin, presented a detailed analysis demonstrating how this cryptocurrency could become a safe haven and a long-term store of value. By allocating a significant portion of its financial resources to Bitcoin, Microsoft could, according to him: