Jacobi Asset Management’s Post

For the first time in history, Bitcoin has crossed the $100,000 mark, marking a new chapter in its evolution. This milestone is driven by political shifts, market enthusiasm, and rising institutional interest. ✳️ The Trump Effect After #DonaldTrump’s recent presidential victory, his vision of the U.S. as the "crypto capital of the planet" has fueled optimism. The expected appointment of Paul Atkins, a crypto-savvy former SEC commissioner, adds confidence in progressive regulatory changes. ✳️ Institutional Support at All-Time High U.S.-listed Bitcoin ETFs have attracted $4 billion in investments since the election. Trump’s business ventures, like World Liberty Financial, highlight growing corporate involvement. 🔹 What’s Next for Bitcoin? Analysts predict Bitcoin could hit $120,000 by Christmas, but challenges like crypto-related crime and environmental concerns remain. Here is more: https://lnkd.in/dAVjcbTP #Bitcoin #CryptoNews #FinancialMarkets #BitcoinMilestone

Trump's victory has led to a significant increase in the price of Bitcoin. There are several reasons for this: 1) Both Trump and RFK have said they want to keep Bitcoin as a Strategic Reserve Asset. Trump indicated that he wants to use all confiscated Bitcoin for this, while RFK indicated that he uses 10% of the Bitcoin supply as a target figure. 2) Trump indicated that he wants the US to become the crypto capital of the world, with most Bitcoin being mined in America. 3) Trump will fire Gary Gensler as head of the SEC and will create clear legislation that will keep a lot of innovation in the US and make it easier to raise capital for new projects. For my automatic and trend-following software, the above fundamental considerations do not matter. The model is long from $62k and follows the trend.

In case you missed it!⁣ ⁣ >𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐒𝐮𝐫𝐩𝐚𝐬𝐬𝐞𝐬 $𝟏𝟎𝟎,𝟎𝟎𝟎: Bitcoin reached a record high of $100,000 following Donald Trump's presidential victory.⁣ ⁣ >𝐏𝐫𝐨-𝐂𝐫𝐲𝐩𝐭𝐨 𝐒𝐭𝐚𝐧𝐜𝐞: Trump's pro-crypto policies, including plans for a national Bitcoin reserve and a crypto advisory council, boosted market confidence.⁣ ⁣ >𝐏𝐚𝐮𝐥 𝐀𝐭𝐤𝐢𝐧𝐬 𝐀𝐩𝐩𝐨𝐢𝐧𝐭𝐦𝐞𝐧𝐭: Trump nominated Paul Atkins, a former SEC commissioner and crypto advocate, to lead the SEC.⁣ ⁣ >𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐚𝐜𝐭𝐢𝐨𝐧: Bitcoin's value doubled this year, with a 45% increase since Trump's election.⁣ ⁣ >𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧: Increased institutional investment and ETF approvals contributed to Bitcoin's recovery.⁣ ⁣ >𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐂𝐡𝐚𝐧𝐠𝐞𝐬: Expectations of reduced scrutiny under the new SEC leadership further propelled Bitcoin's price.⁣ ⁣ >𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡: The overall crypto market capitalization is nearing $2 trillion. #Finance #crypto #bitcoin

The Trump Effect on Bitcoin and the Crypto Industry Since Donald Trump's election victory on November 5th, 2024, Bitcoin has experienced an explosive surge, climbing from around $67,000 to a record-breaking $89,000 — a 33% increase in just over a week! This rapid growth reflects the market's optimism about Trump's pro-crypto stance and the potential regulatory changes his administration might bring. 📈 Bitcoin’s Growth Since November 5th, 2024: - Pre-election: ~$67,000 - Post-election: $89,000 (as of November 13th, 2024)    This growth isn't limited to Bitcoin alone. Other cryptocurrencies like Dogecoin have seen massive gains (up 152%), driven by support from key figures like Elon Musk. The market is clearly responding to expectations of a more favorable regulatory environment under Trump’s leadership. 💡 What Does This Mean for the Crypto Industry? 1️⃣ Regulatory Clarity: Trump's administration is expected to roll back restrictive regulations and provide clearer guidelines for crypto businesses, potentially unlocking new opportunities for innovation. 2️⃣ Institutional Investment: With clearer rules and reduced uncertainty, institutional investors will likely increase their exposure to digital assets, driving further market growth. 3️⃣ Global Leadership: Trump has pledged to make the U.S. the "crypto capital of the planet." If successful, this could attract talent and investment worldwide, solidifying the U.S. as a global hub for blockchain technology. While we can expect some volatility in the short term, the long-term outlook for Bitcoin and other cryptocurrencies appears bullish under Trump's leadership. Could we see Bitcoin hit $100K soon? Many analysts believe it’s within reach. You can track Bitcoin and other cryptos here - https://lnkd.in/d-CDXWFq #Bitcoin #TrumpEffect #CryptoSurge #Blockchain #Fintech #CryptoRegulation

Digital assets moved into the political spotlight following Donald Trump’s invigorating speech at a national Bitcoin conference in Nashville. Cantor Fitzgerald, one of America's major financial services firms, reiterated their support of Bitcoin with Howard W. Lutnick, CEO and Chairman of Cantor, announcing the company's expansion into Bitcoin financing with the initial $2 billion allocation to "...help unlock Bitcoin's full potential and continue bridging the gap between traditional finance and digital assets". Stablecoin issuer Tether.io reported 1H24 profit of $5.2bn and MicroStrategy casually accounced plans to add another $2bn of Bitcoin to its balance sheet. As always, for a detailed #deepdive into why this news matters, refer to the full weekly roundup in the opening comments below. #digitalassets #evolution

Over the years, Bitcoin has faced relentless criticism. From being called a ‘bubble’ to claims it is destined to fail, skeptics have lined up to predict its downfall. Yet, here we are in 2024, with Bitcoin reaching nearly $100,000 proving once again that resilience, innovation and the power of decentralization are forces too strong to ignore. The re-election of Trump has undoubtedly boosted Bitcoin’s momentum, but Bitcoin’s success isn’t tied to any political figure or party. It thrives because it offers something neither governments nor traditional financial systems can: freedom, transparency, and a hedge against the unpredictable. Critics were wrong because they underestimated Bitcoin’s global potential and its ability to adapt, grow, and attract trust in uncertain times. Regardless of who holds office, Bitcoin will remain a financial equalizer and a powerful response to the failures of the traditional financial system, empowering people worldwide to take control of their wealth. Bitcoin has proven its critics wrong time and time again. Let’s focus on its potential, not just for investors, but as a revolutionary technology redefining value, ownership, and freedom in the 21st century. The question isn’t how high Bitcoin’s price will reach. It’s whether the world is ready to embrace its true value and accept that the future of money is already here. #Bitcoin #FutureOfMoney

Massive momentum for instititional participation in the digital asset ecosystem. See the numbers around Blackrock ETF, Tether’s profit and Cantor’s digital asset business. Every bank in the world will notice then and a rush has already started.

Donald Trump announced plans to build a strategic bitcoin reserve and establish a bitcoin and crypto advisory council if elected. He emphasized his commitment to creating a favorable regulatory environment for the crypto industry, contrasting his current stance with past criticisms. This announcement, made at a bitcoin conference, comes as Trump seeks to appeal to the crypto community, which is seen as a potential voting block in the upcoming election. Key Points: 💼 Bitcoin Reserve: Trump pledges to retain and acquire bitcoins for the U.S. government. 🛡 Crypto Advisory Council: Plans to create a council for transparent regulatory guidance within 100 days. 📈 Crypto-Friendly Policies: Aims to make the U.S. a leading crypto hub and ease regulations for bitcoin mining. 🔥 SEC Leadership Change: Promises to fire SEC Chairman Gary Gensler and halt plans for a central bank digital dollar. ⚖️ Regulatory Criticism: Highlights discontent with Biden administration's approach to digital assets. #Bitcoin #Crypto #Markets #Trump #Regulation #Election2024

🪙🪙🪙 US Senator Lummis proposed #Bitcoin reserve legislation following Trump’s keynote. 🚨 At Bitcoin 2024, Senator Cynthia Lummis proposed a strategic Bitcoin reserve to bolster the USD and secure America's global financial leadership! 🔖 Key Points: ✅Strategic Bitcoin Reserve: Acquire 1M Bitcoin over a set period, held for 20+ years. ✅National Debt Solution: Use the reserve to pay down national debt, funded by diversifying existing Treasury and Fed funds. ✅Economic Stability: Aimed at combating inflation and securing the economic future for American families. Former President Trump echoed strong support, promising a national Bitcoin stockpile and regulatory overhaul if re-elected. LINK (https://lnkd.in/gwke3vcX)

On the show "What is Money?" with Robert Breedlove, Lisa H. discussed the vital link between freedom, private property, and Bitcoin. She explained how these basic principles, which date back to the 1215 Magna Carta and the US Constitution, are reflected in Bitcoin's decentralised nature. Hough shared a story about meeting a wealthy investor who values family time, the outdoors, and private property. She saw that these values matched the principles of liberty and private property, making him a natural fit for Bitcoin. The investor indeed owns Bitcoin, showing he understands its core values. The conversation highlighted the importance of protecting private property rights. The US ranks 13th globally in this area, and lockdowns and inflation worsen this decline, threatening individual freedoms. Hough highlighted that Bitcoin acts as insurance against losing these rights, protecting against government overreach. Bitcoin offers hope for those who value freedom and private property. Individuals can use this digital asset to ensure their liberty and security. Hough said, "Owning Bitcoin means owning freedom and liberty, and that's powerful." #Bitcoin #Investments