Economists warn of risks such as tech bubbles BlackRock has 552,500 BTC

Headline

▌Economists warn of three major risks: technology bubble, tariff policy and geopolitics

According to the Economic Daily, 2024 is about to pass. Looking back on the past year, with the AI ​​boom continuing, the Federal Reserve turning to easing, and the upcoming "Trump 2.0", the three major US stock indexes continued to set new historical records in 2024. The S&P 500 has closed at a record high nearly 60 times this year, the Nasdaq has broken through 20,000 points for the first time in history, and the Dow Jones Industrial Average has stood at 45,000 points for the first time. But there are also warnings in the market. Bank of America believes that the biggest risk in 2025 will be a technology bubble. In an interview with reporters, Dr. David Seif, chief economist for developed markets at Nomura, reminded that tariffs and geopolitical shocks are the two biggest potential risks, among which tariffs are most likely to interrupt the US bull market.

▌BlackRock currently holds 552,500 bitcoins, with a market value of over $52 billion

BlackRock officially updated the spot Bitcoin ETF holdings information. As of December 30, BlackRock IBIT held 552,554 bitcoins, which has exceeded 2% of the total supply of Bitcoin. Its holdings are worth more than $52,156,788,405.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $93,522.37, with a daily increase or decrease of -1.5%;

ETH's latest transaction price is $3,354.24, with a daily increase or decrease of -1.1%;

BNB's latest transaction price is $693.37, with a daily increase or decrease of -3.9%;

SOL's latest transaction price is $189.86, with a daily increase or decrease of -2.4%;

DOGE's latest transaction price is 0.3145 yuan, with a daily increase or decrease of -2.6%;

XPR's latest transaction price is 2.09 US dollars, with a daily increase or decrease of -3.9%.

Policy

▌Foreign media: Former German Finance Minister said the ECB and the Bundesbank should encourage the inclusion of cryptocurrencies such as Bitcoin in their reserves

According to the German business newspaper Handelsblatt: "Former Federal Finance Minister Christian Lindner said that the European Central Bank and the German Central Bank should encourage the inclusion of cryptocurrencies such as Bitcoin in their reserves."

Blockchain Application

▌Senator Cynthia Lummis proposed to revalue gold certificates and exchange them for Bitcoin to provide funds

Bitcoin Magazine published an article on the X platform saying that Senator Cynthia Lummis proposed to establish a US strategic Bitcoin reserve without investing new funds, and to provide funds by revaluing gold certificates to market value and exchanging them for Bitcoin.

Cryptocurrency

▌Bitcoin mining difficulty increased by 1.16% to 109.78 T this morning, setting a new record

CloverPool data shows that Bitcoin mining difficulty ushered in a mining difficulty adjustment at block height 876,960 (5:55:37 on December 30, 2024), and the mining difficulty increased by 1.16% to 109.78 T, setting a new record. The current average computing power of the entire network is 781.07 EH/s.

▌Founder of 1confirmation: ETH supply has decreased by 0.02% annually to 120.4 million in the past two years

Nick, founder of 1confirmation Tomaino wrote on the X platform, "As network usage increases, ETH's supply has decreased by 0.02% each year over the past two years to 120.4 million. During the same period, BTC's supply increased by 1.83% each year to 19.8 million. Reaching 21 million by 2140 is better than trusting central bank governors, but usage-based deflation and a vibrant application ecosystem that brings economic freedom to the world is better. In terms of fundamentals and sound monetary policy, there is no second best." ▌ The total value of U.S. spot Bitcoin ETF on-chain holdings exceeds $100 billion According to Dune data, the total holdings of U.S. spot Bitcoin ETFs on-chain have exceeded 1.12 million BTC, and are now about 1.129 million BTC, accounting for 5.70% of the current BTC supply, and the value of on-chain holdings has reached approximately $106.8 billion.

Important Economic Dynamics

▌The probability of the Federal Reserve keeping interest rates unchanged in January next year is 89.3%

Golden Finance reported that according to CME's "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in January next year is 89.3%, and the probability of a 25 basis point interest rate cut is 10.7%. The probability of maintaining the current interest rate unchanged by March next year is 51.8%, the probability of a cumulative interest rate cut of 25 basis points is 43.7%, and the probability of a cumulative interest rate cut of 50 basis points is 4.5%.

Golden Encyclopedia

▌What is Ripple Labs' RLUSD stablecoin?

RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and transactions. As a stablecoin pegged to the US dollar, 1 RLUSD is equivalent to 1 US dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either US dollar deposits or cash equivalents.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.