Bitcoin is back at $95K, recovering from a dip to $90K, and all eyes are on its march to $100K. Ivan On Tech highlights this critical juncture while unveiling a bigger story: the global Bitcoin arms race. China might be front-running the U.S. in stacking BTC, and this geopolitical game could reshape the future of finance.
Ethereum is stealing the spotlight too, surging 15% in a week, fueled by U.S. legal clarity on DeFi protocols. With altcoins waking up and Bitcoin dominance peaking, mid-2024 is shaping up to be altseason. But as Ivan warns, the “high-risk zone” of bull markets is where fortunes are made—or lost.
Ivan’s Key Insights:
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Bitcoin vs. Nations: Rumors of China acquiring BTC ahead of the U.S. spark an international "crypto arms race."
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Ethereum Surge: Legal wins in the U.S. drive DeFi and ETH-related projects higher, with Uniswap up 41% in 7 days.
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Altcoin Boom Incoming: Bitcoin dominance mirrors 2017 trends, signaling a potential altseason by mid-2025.
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Corporate Adoption: December's new accounting rules simplify BTC holdings, potentially driving adoption by giants like Amazon.
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Pro-Crypto Policies: Proposals for pro-crypto SEC leadership could make the U.S. a global crypto hub.
Why It Matters: Ivan emphasizes that the next few months are pivotal for crypto investors. As nation-states, corporations, and retail investors scramble for Bitcoin, the altcoin market is poised for explosive growth. However, he warns of the risks in late-stage bull markets, urging readers to capitalize on gains while staying cautious.
The crypto market is entering a new phase of geopolitical competition and institutional FOMO. Ivan leaves us with this thought: Are you ready for the storm, or will you be caught unprepared?
