Bitcoin

Federal Reserve Governor Stephen Miran warns the central bank is fighting the wrong battle by focusing on outdated inflation data, while the real risks are economic cooling and job losses. A potential policy shift towards rate cuts in response to these risks could create a favorable environment for Bitcoin.

American Bitcoin, backed by Eric Trump, has surpassed ProCap Financial to become the 21st largest corporate Bitcoin holder with 5,044 BTC worth approximately $443 million.

Bitcoin fell 3% to $86,400 following a major sell-off, with analysts now watching key support levels as the market consolidates.

Strategy acquired another 10,645 BTC for $980.3 million, bringing total holdings to 671,268 BTC worth $60 billion, while its stock underperforms Bitcoin and faces potential index exclusion.

A recent social media debate about the potential for quantum computers to steal Satoshi Nakamoto’s Bitcoin has highlighted the network’s theoretical vulnerabilities. While experts agree the risk is distant, the discussion underscores concerns about price impact and the need for future-proofing.

Analyst Markus Thielen argues that Bitcoin’s 4-year cycle still exists, but it’s driven by US midterm elections rather than the halving event, as the market matures with institutional investors.

Long-term Bitcoin holders are using covered call options to generate yield, creating hidden selling pressure that counteracts ETF inflows and explains Bitcoin’s recent underperformance.

With the Bank of Japan expected to raise interest rates on December 19, Bitcoin investors are wary. Historical data shows previous BoJ hikes have triggered significant BTC corrections, and technical analysis suggests the price could fall towards $70,000.

Macro analyst Luke Gromen, formerly bullish on Bitcoin, now warns of short-term risks and a potential drop to $40,000. However, crypto experts have criticized his analysis, calling his arguments weak and based on sentiment rather than data.

Analyst Michaël van de Poppe argues that while the Fed’s rate cut grabbed headlines, the real story is the quiet restart of Quantitative Easing. This injection of liquidity, he says, will inevitably drive up the price of scarce assets like Bitcoin, despite short-term volatility.