Get Smarter About Crypto

₿itcoin reached $40,150.

♢Ethereum reached $2,237.

What we will talk about today...

💸🌐BlackRock’s Bitcoin Move: A $254 Million Deal with Coinbase Prime.

🤔🚀 Crypto’s Big Growth: 580 Million Join the Digital World in 2023.

🌟🤑 Gold’s Bright Future: UBS Says It Will Go Up 10% in 2024.

BlackRock’s Bitcoin Move: A $254 Million Deal with Coinbase Prime

BlackRock’s iShares Bitcoin Trust is the main star, making a big purchase. The show begins as a huge 6,495 Bitcoins, a digital treasure worth about $254.7 million, move into the trust’s money. The source of this digital money? The famous Coinbase Prime.

🌐Making a Digital Kingdom

The focus grows as the iShares Bitcoin Trust shows off its new money. The total Bitcoin money now is a big 39,925 BTC, making a digital kingdom worth a huge $1.59 billion. A smart move in the changing crypto game.

💸 Grayscale’s Money Show

In another show, Grayscale, a big player in the crypto world, sees both a rise and a fall. Sales of about $505 million make a shadow, but the start of new money, adding up to $396 million into new ETFs, adds some balance to the money show.

🌊 Going Through the Crypto Storm

The crypto waters are rough, especially for the leader, Bitcoin. In the waves, Fidelity’s Jurrien Timmer comes into the focus with a guess. His words, a mix of care and hope, say that the SEC’s yes to Bitcoin ETFs shows a growing market. But, it brings a new player – change.

🔮 The ETFs’ Dance with the Future

As the show ends, the future of Bitcoin’s price links with the ETFs. The official yes, a sign of growth, brings both chance and change to the crypto stage. The people wait, watching the dance of digital money.

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The Crypto Rise: 580 Million Join the Digital World in 2023

In the big hall of the digital world, people saw a big increase in crypto fans. A great 34% rise happened in the year, changing 432 million people into happy members of the crypto group, reaching a huge 580 million by December.

Bitcoin’s Growth

As the light shone on Bitcoin, the leader of crypto music, more people owned it by 33%. From a low 222 million in January, the Bitcoin group grew to a strong 296 million by December, having a big 51% of the global crypto owners. The reasons? The magic of Bitcoin exchange-traded funds (ETFs) and the new Bitcoin Ordinals system.

🌟 Ethereum’s Growth

Next, Ethereum, spinning on the crypto stage. With a great 39% rise, Ethereum owners grew from 89 million to 124 million in the year. Liquid staking, after Ethereum’s Shanghai Upgrade, made the music for this nice dance, letting people take out their staked ETH in the change to the Proof of Stake (PoS) network.

💼 Big Players’ Music

Behind the show, big players added strong music to the crypto rise. Their big interest made the nice background, making Bitcoin more attractive and popular.

🎭 ETFs’ Money Moves

As the show ends, the result of the SEC’s yes to 11 spot Bitcoin ETFs shows a mixed picture. Grayscale’s change into an ETF made a lot of money go out, while Blackrock’s Ishares Bitcoin Trust enjoyed a lot of money coming in, making the crypto story more complex.

UBS Sees Gold Going Up

the shiny rise of gold prices by 10% in the year 2024. The guess, shared in a note last Friday, shows a picture of hope, expecting a good result even though the metal went down in December.

💰 UBS Gives the Gold Gift

UBS, the Swiss money expert, sees a big rise, pushing gold to $2250 for each ounce. This gold gift is because of a big change in the plan of the U.S. Federal Reserve. The hope? A music of interest rate cuts, maybe starting as soon as May.

🎭 The Federal Reserve’s Plan Change

The story gets more interesting as UBS shows the important role of the Federal Reserve’s plan change. The analysts show the hidden power of this change, guessing a 100-point rate cut by May. This big change is expected to make the U.S. dollar and real interest rates weaker, making a new demand, especially from fans of exchange-traded gold funds.

🌐 Big Forces and World Risks

As the story goes on, UBS mentions the ongoing big and high-world risks that keep making gold a good asset. Usually seen as a safe thing, gold shines as a sign of steadiness, having no credit risk and a different way from risk assets.

🚀 A Gold Music of Safety and Variety

In the last part, UBS’s end agrees with the feelings of the World Gold Council (WGC), showing that the current situation makes gold good for safety and variety. As the gold show ends, UBS asks investors to take the gold chance, showing gold’s lasting attraction in hard times.

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Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎