Jacobi Asset Management

All of us at Jacobi Asset Management would like to wish you a very Merry Christmas!  Wishing you a wonderful holiday season filled with joy, love, and laughter.  Thank you for being a part of this amazing year! #JacobiAssetManagement #Christmas #Christmas2024

Bitcoin finally broke through the landmark $100k point last night! This historic moment occurred at around 2:40am December 5th, following from a 7.7% increase in the last 7 days and a month-long rally that has seen Bitcoin go from $67 on November 5th, to over $100k last night. #BTC #Bitcoin #MarketTrends #Investing #Blockchain #JacobiAssetManagement

Brazilian lawmakers have recently proposed the creation of a Bitcoin Sovereign Strategic Reserve with an allocation of up to $18.6 billion. This would complement existing financial assets up to a maximum of 5% of the country’s reserves through ongoing purchases. The purpose of the bill is to “modernize the technological and finance management in Brazil” in an effort to become more competitive in the global digital economy. Brazil is not the only country to consider a strategic reserve or to hold Bitcoin, the following countries also have, or previously have owned significant Bitcoin holdings: The United States is considering a Bitcoin strategic reserve and holds approximately 207,189 BTC. These assets were primarily obtained through seizures from criminal activities. A notable portion came from the shutdown of the Silk Road, an online black market. The U.S. government has periodically auctioned off seized Bitcoin, but retains a significant reserve. China China's government controls about 194,000 BTC. These holdings were largely accumulated through the seizure of funds from the PlusToken Ponzi scheme. El Salvador El Salvador is the first country to adopt Bitcoin as legal tender, a move initiated in 2021. The country has actively purchased Bitcoin, holding about 5,942 BTC. The government has a policy of purchasing 1 BTC every day, reflecting its commitment to integrating Bitcoin into its national financial strategy. United Kingdom The UK government holds around 61,000 BTC. These assets were mainly seized during operations against money laundering and other financial crimes. Significant seizures have occurred during crackdowns on illegal online activities and fraud. Germany Germany previously held around 50,000 BTC, acquired from a 2013 operation against a piracy website that violated the Copyright Act. However, Germany liquidated its Bitcoin reserves in July 2024, which contributed to a significant market selloff. Ukraine It is believed Ukraine has about 46,351 BTC. These Bitcoins were primarily received as donations to support the country's defence efforts against the Russian invasion. The government and organisations like the ""Come Back Alive Foundation"" have actively solicited Bitcoin donations to fund military and humanitarian efforts. These diverse holdings and acquisition methods illustrate the growing significance of Bitcoin on a global scale. Governments are increasingly interacting with cryptocurrencies, either through enforcement actions against illegal activities or proactive financial strategies, reflecting a broader acceptance and integration of digital assets into the global economy. #Bitcoin #Cryptocurrency #GlobalEconomy #CryptoAdoption #BTC #Blockchain #JacobiAssetManagement"

Microstrategy, MetaPlanet, Selmer Scientific, MARA Holdings have recently significantly increased their Bitcoin holdings. These companies are expanding their Bitcoin investments by offering convertible notes to large, institutional investors, in addition to direct purchasing. MicroStrategy have just invested $5.4 billion by purchasing 55,000 Bitcoins at an average price of $97,862 between the 18th and 24th November. Only one week before, the company also purchased 51,780 Bitcoins, adding to their total of around 386,700 Bitcoins. Metaplanet, has also issued $11.3 million of one-year bonds, of which the proceeds will be used to acquire additional Bitcoin to boost its current holdings of around 1,150 Bitcoin. Selmer Scientific currently holds 1,273 Bitcoins and reports a BTC yield of 37.2%. The company uses this yield as an indicator to evaluate its strategy of acquiring Bitcoin in a way it believes benefits stockholders. MARA plans to use part of $200 million of proceedings from convertible senior notes due in 2030 to acquire addition Bitcoin. The company may also grant an option to purchase up to $105 million in notes. Currently, MARA holds 25,945 Bitcoin worth $2.38 billion. These large acquisitions reflect a growing acceptance of Bitcoin as a highly lucrative asset class. This trend also signals a change in how Bitcoin is perceived, from a more speculative investment to a credible store of value and a hedge against inflation. The involvement of these large institutional investors brings credibility and stability to the cryptocurrency market, encouraging other institutions to follow suit. As more companies integrate Bitcoin into their financial strategies, institutional investment in cryptocurrencies is expected to grow further. #Bitcoin #Cryptocurrency #InstitutionalAdoption #MicroStrategy #JacobiAssetManagement

We're thrilled to announce that our Co-Founder and Chief Commercial Officer, Peter Lane, will be speaking at the The Bitcoin Mena Conference in Abu Dhabi this December! Joining Peter on stage will be the brilliant minds of James Van Straten and Hadi Kabalan. They'll be diving deep into the world of Bitcoin and exploring the exciting future ahead. What will the BTC price be by then? 🤔 Let's discuss! If you're attending, please reach out. #BitcoinMena #BitcoinETF #Bitcoin #Blockchain #AbuDhabi #CryptoConference #CryptoCurrency #BTC #DigitalAssets #BTC #Bitcoin #BitcoinETF #JacobiAssetManagement

These winter and summer cycles reflect the market's natural cycles, shaping trends and investor sentiment. Crypto winters A "crypto winter" feels like a market cooldown. Prices dip, and caution becomes the prevailing mood. For instance, from late 2017 to early 2019, Bitcoin’s value saw a significant decline. Despite the chill, these winters are vital. They clear out speculative excesses, encouraging projects to develop genuine value and sustainable models. Crypto summers In contrast, a crypto summer is a season of growth. Prices rise, excitement builds, and new projects flourish. Late 2021, for example, was a notable summer, with Bitcoin reaching record highs and the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs). Summers drive innovation and present ample opportunities for growth, though they can sometimes lead to overly optimistic valuations. Analysing the rhythm Looking back at historical data, it is clear that the Bitcoin price follows these trends over the long-term. With at least four distinct summer to winter cycles having taken place so far. When large institutions began to invest in Bitcoin, the market went into a summer sooner than expected. Investors will likely be looking at the impacts of this very closely over the next few months. Whether this will lead to an extended summer season is yet to be seen, but is likely to be the outcome. If not, then the lower prices of a crypto winter would be a great buying opportunity. #Cryptocurrency #CryptoWinters #CryptoSummers #Blockchain #Bitcoin #JacobiAssetManagement Image source: Jurrien Timmer

Many of the people in Trump’s team including RFK Jr., Elon Musk, JD Vance and Howard Lutnick have been strong proponents of Bitcoin. RFK Jr. has been a Bitcoin advocate for some time, and has recently stated he has put “most of my wealth into Bitcoin, so I’m fully committed”. The former presidential candidate who is now a Cabinet nominee has also described Bitcoin as the “currency of freedom” in a post on November 16th. He has reiterated Bitcoin’s ability to act as a hedge against currency inflation. When previously running as a presidential candidate, RFK Jr. stated he would establish a Bitcoin strategic reserve if elected president and would sign an executive order to transfer the US Government’s existing Bitcoin holdings to the Federal Reserve. The crypto market has taken very kindly to the election victory so hopefully that positivity will extend into 2025. #Bitcoin #StrategicReserve #BTC #BitcoinRegulation #JacobiAssetManagement

A common misconception with Bitcoin is that the purchase of an entire coin is required to invest. However, Bitcoin is divisible into much smaller units, making it accessible to a wide range of investors. The smallest unit, a "satoshi," represents one hundred-millionth of a Bitcoin. This divisibility means that investors can buy fractions of a Bitcoin, depending on how much they want to invest. For example, if Bitcoin is priced at $50,000, an investment of $500 buys 0.01 BTC or 1 million satoshis. Cryptocurrency exchanges facilitate this by allowing users to invest specific amounts, calculating the corresponding Bitcoin fraction automatically. Other denominations like millibitcoins (mBTC), representing one-thousandth of a Bitcoin, and microbitcoins (μBTC), representing one-millionth, are also used for convenience. This flexibility is essential for everyday transactions and practical for smaller investments. Fractional ownership democratises access to Bitcoin, enabling diverse participation from large institutions to retail investors. It also allows for practical use in everyday transactions and diversified investment strategies. Investors can allocate part of their assets to Bitcoin without buying a whole unit, balancing risk while gaining exposure to the cryptocurrency market. #Bitcoin #Cryptocurrency #Investing #Satoshis #FractionalOwnership #Blockchain #JacobiAssetManagement

The Jacobi Team are delighted to welcome former Premier Leauge footballer and now Bitcoin enthusiast George Boyd to the team! #bitcoinetf https://lnkd.in/eBzUX5bi

I will have the pleasure of speaking alongside industry legends Eva Lawrence , Helen Disney, Elise Soucie Watts & Jonny Fry next week. I’ve been told there’s world class breakfast and coffee being served so see below for details and registration! https://bit.ly/3ArysyV] #Staking #ReStaking #Crypto #Blockchain #ETF