Hakan Ateşler 
Famous American economist Lyn Alden shared her predictions for the coming period. Speaking in a Youtube broadcast she attended, Alden stated that the rally we are in is different from 2021, especially in terms of liquidity, and said, “People fled to quality this time.”
Dogecoin, which has increased by nearly 50% in the last month, has also reached 1% in Elon Musk-backed Dogecoin. This level was last seen in May, especially in the largest meme coin where whale purchases have increased.
The US Treasury Department has published a report on the last quarter of the 2024 fiscal year. While it is noteworthy that a significant portion of the 132-page report is devoted to stablecoins, it was written that the companies issuing these coins are purchasing US Treasury bonds and this poses a serious danger.
BlackRock, the world’s largest asset management company, continues to buy BTC in response to demand for the IBIT ETF. The company also bought $630 million worth of Bitcoin yesterday. With the 8805 BTC purchased, the value of Bitcoins in the company’s possession exceeded $30 billion.
Bhutan, the small country of Asia known for Bitcoin mining, sold $66 million worth of Bitcoin. Sales were made through the Binance exchange.
One of Donald Trump’s biggest supporters, businessman Howard Lutnick, said he has hundreds of millions of dollars worth of Bitcoin and that this figure will exceed a billion dollars next year. As Lutinck has said many times before, he also said that he thinks Bitcoin is a commodity, not money.
Matt Hougan, a manager at the US asset management company Bitwise, drew attention to Bitcoin’s store of value feature in his evaluation from his X account. Hougan, who stated that the store of value market is growing every day, said that if Bitcoin grows in parallel, first $400,000 and then 7-digit figures could be seen.
Bitcoin’s rise above $70,000 again has also increased whale movements. A whale that bought 2000 BTC in the last 2 weeks bought 600 more BTC tonight. The total purchase value has reached $200 million.
US President Joe Biden, who is now out of office, spoke on the phone with Nigerian President Bola Tinubu and thanked him for the release of Binance executive Tigram Gambaryan. The call was officially confirmed by the White House.
While Bitcoin was one step closer to its record in March yesterday, US ETF analyst Eric Balchunas said he expects further rises and inflows to ETFs this week. Balchunas said, “In the event of a FOMO, there are serious increases in ETF volumes. I expect more investment in Bitcoin ETFs this week,” he said.