U.S. companies have amassed more Bitcoin than their overseas counterparts, thanks to the approval of spot Bitcoin ETFs and the election of Donald Trump, which led to a surge of investment capital.
Based on a study conducted by CryptoQuant, it was found that as of January 6th, Bitcoin (BTC) holdings in the United States outnumber those held offshore by approximately 65%. This is evident from the data which shows that the ratio of Bitcoin treasuries owned by U.S. entities to tokens controlled by non-U.S. institutions stands at 1.65.
According to CryptoQuant CEO Ki Young Ju, the calculation of the ratio involves dividing the amount of Bitcoin held by the public within the U.S. by the Bitcoin stored in foreign locations.
The results of our study are now available. We conducted a national survey of 430 financial advisors to gauge their sentiments towards cryptocurrency. Here’s what we discovered:
(Hint: They’ve never been more optimistic about crypto)
— Bitwise (@BitwiseInvest) January 9, 2025
Trump, wealth funds, and Bitcoin
2023 saw offshore Bitcoin reserves exceeding U.S. holdings for the majority of the year. Simultaneously, the value of Bitcoin stayed below $35,000 due to a general apprehension in the market caused by 2022’s industry failures.
Over the past year, U.S.-based Bitcoin storage facilities have experienced significant growth. This increase was fueled by the approval of Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission, which led to the swift success of these products. By the end of the year, they had amassed over $110 billion in investor assets – representing more than 5% of Bitcoin’s total market capitalization.
Companies such as MicroStrategy, under the leadership of Bitcoin advocate Michael Saylor, have been investing significantly in Bitcoin as a form of corporate reserves. In 2024, MicroStrategy’s headquarters at Tysons Corner acquired an impressive 258,320 Bitcoins for approximately $22.07 billion. Saylor’s “21/21” strategy aims to continue accumulating more of the leading cryptocurrency for MicroStrategy.
As a curious crypto investor, I recently delved into a nationwide survey of financial advisors to get a pulse on their perspectives regarding cryptocurrencies. Here’s the scoop:
Turns out, these experts are more optimistic than ever before about the future of digital currencies!
— Bitwise (@BitwiseInvest) January 9, 2025
The transformation of President Donald Trump from a critic to a supporter of Bitcoin significantly boosted the cryptocurrency’s attractiveness. After Trump’s election win, Bitcoin reached an unprecedented peak of $108,135 due to optimistic market feelings and his pledge to create a national Bitcoin reserve, which further fueled its growth.
Moreover, a collaborative study conducted by Bitwise Asset Management and analytics firm VettaFi found that a substantial 96% of wealth advisors noticed a surge in client questions about cryptocurrencies in the year 2024. Furthermore, this research indicated a 11% rise in investments within the cryptocurrency sector as investors grew more receptive to this burgeoning asset class.
Based on a nationwide survey of 430 financial advisors, we uncovered their perspectives regarding cryptocurrency. Here are their insights:
(Hint: Their enthusiasm for crypto is at an all-time high)
— Bitwise (@BitwiseInvest) January 9, 2025
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2025-01-09 21:02