To The Moon

Bitcoin Set to Surge to $100,000 Again? Cryptocurrency Market Faces a Rebound

$Bitcoin (BTC.CC)$ failed to break $100,000 last week and maintained a volatile rebound this week.

As of press time, Bitcoin remains above $97,000, while $Ethereum (ETH.CC)$ has strongly surged, once nearing the $3,700 mark.

This Week's Highlights:

1. Trump 2.0 Cabinet Nominations Complete! Crypto Dream Team to Debut?

As Trump's 2.0 Cabinet gradually takes shape, based on the current nominations, many nominees could positively impact the cryptocurrency industry.

2. Hot Money is Incoming! U.S. Bitcoin ETFs Set to Break Monthly Capital Inflow Records

Supported by Trump's backing for cryptocurrencies, Bitcoin historically reached $99,800, and 12 U.S. spot Bitcoin ETFs are about to see record monthly net inflows. According to Bloomberg, ETFs from issuers like BlackRock and Fidelity have attracted $6.2 billion since November. The previous peak inflow of $6 billion was in February this year when investors were excited about these newly launched products.

3. Cryptocurrency Capital Flows: Focus Shifting to Ethereum?

According to The Block, Wintermute analysts say funds are moving from BTC to ETH, and the derivatives market indicates expectations for Ethereum to rise further.

Over the weekend, Ethereum's open interest surged, along with implied volatility, and the demand for bullish options increased significantly, indicating growing confidence among derivatives traders.

The shift from Bitcoin to Ethereum is characterized by a sharp rise in Ethereum's implied volatility and the highest bullish-bearish bias in 12 months, indicating investors have a strong preference for upward risks.

According to Wintermute analysts, traders are actively buying upward to drive the market higher. In its weekly cryptocurrency market update, Wintermute notes that in the past few trading days, funds have flowed into Ethereum as the weekend trading platforms' open contracts pushed to historic highs.

4. Cook Also Holds Bitcoin?

Apple CEO Cook revealed he has held Bitcoin for the past three years, considering it a reasonable part of a diversified investment portfolio, sparking market interest in the intersection of cryptocurrencies and traditional tech giants. However, he emphasized this is a personal financial decision, not a corporate strategy, and stated Apple has no plans to enter the cryptocurrency market soon.

After Cook revealed his three-year Bitcoin holding, topics like "When will Bitcoin surpass Apple?" and "Will Apple buy Bitcoin as a strategic reserve in the future?" appeared on social platforms. Each time Apple launches a new product, netizens compare its value to that of Bitcoin, such as on September 16, when Apple officially released the iPhone 16, and netizens compared the price of Bitcoin at the time, with 0.014 BTC buying one iPhone 16, whereas last year when the iPhone 15 was released, it was worth 0.031 BTC.

Opinion Pieces:

1. Bitcoin's "Wild Ride" Far from Over? Wall Street Analyst: Will Rise to $225,000 Within Two Years

Mark Palmer, a senior analyst at The Benchmark Company in New York, predicts Bitcoin will soar to $225,000 by the end of 2026. This means Bitcoin's price could rise approximately 133.5% from its current level.

2. Bitcoin to Break $100,000 Soon, Bullish for the Next Two Years

Galaxy Research's Tuesday report states that the Bitcoin (BTC) bull market will continue, expecting BTC to break the $100,000 mark soon. The report notes that the increasing adoption of Bitcoin by institutions and businesses, the possibility of establishing Bitcoin national reserves, and support from the new U.S. government all indicate that Bitcoin will rise in the near and medium term. The introduction of ETF options could increase liquidity and possibly reduce volatility, likely attracting large institutions into the market while stimulating retail demand.

Galaxy Research Director Alex Thorn notes that even potentially unsettling regulatory or enforcement actions by the outgoing Biden administration might unsettle the market. However, Bitcoin's trajectory for the next two years "seems unique and bullish," with options market data also bullish.

3. VanEck CEO Predicts BTC Price Will Reach $150,000 to $180,000 This Cycle

According to a post on Bitcoin Magazine's X platform, the asset management giant VanEck's CEO predicts BTC prices will be between $150,000 and $180,000 this cycle.

4. Hurt Cryptocurrency Billionaire Warns: Bitcoin May Retrace 20% After Breaking $100,000

U.S. billionaire and well-known cryptocurrency investor Michael Novogratz states that Bitcoin will inevitably break the $100,000 mark, but it could subsequently fall by up to 20%.

Stock Watch:

1. Does MSTR's "Bitcoin Flywheel" Make Sense?

After the dust settled from the U.S. elections, Bitcoin entered a major uptrend, repeatedly refreshing historical highs and once nearing the $100,000 mark. Known as the "Bitcoin shadow stock," $MicroStrategy (MSTR.US)$ doubled its value within two weeks, with its market cap surpassing $100 billion. As of November 25, MSTR held over 380,000 bitcoins, the highest globally, and it continues to accumulate more.

A significant feature of MSTR's stock price is its "premium" effect—the company's market value is far higher than the market value of the bitcoins it holds. This premium is closely linked to a strategy MSTR employs known as "premium issuance." Using the high volatility of its stock price, MSTR issues shares at a premium to raise funds, which are then used to purchase more bitcoins. This strategy creates a closed loop:

Bitcoin price rises → MSTR stock price rises → The company secures low-interest financing → Buys more bitcoins → Stock price continues to rise.

This mechanism, known as the "reflexive flywheel effect," not only helps the company rapidly accumulate Bitcoin assets but also deeply ties its stock performance to the rise in Bitcoin, creating greater growth expectations for the market.

2. Slight Bitcoin Becomes a New Darling in Asset Allocation! Many Listed Companies Incorporate It into Their Reserve Assets

The strategy of incorporating Bitcoin into reserve assets is gaining popularity globally. Recently, the NYSE-listed company $SOS Ltd (SOS.US)$ announced its plan to purchase $50 million worth of Bitcoin. Since the second half of this year, an increasing number of publicly traded companies worldwide, especially in the United States and Japan, have been actively integrating Bitcoin into their asset allocations. 

These companies aim to optimize their financial structures and enhance asset values, while also promoting the widespread adoption and application of cryptocurrency assets.

Trump's deputy JD Vance holds stocks in $Rumble (RUM.US)$ , adopting a Bitcoin financial strategy, and planning to purchase up to $20 million worth of Bitcoin.

Cryptocurrency mining and blockchain technology company $MARA Holdings (MARA.US)$ has purchased $615 million worth of Bitcoin, with a total holding of 34,794 bitcoins.

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