Trump, who became the cover person of Time magazine this week, made a surprising statement about Bitcoin becoming a US national strategic reserve.
After Trump just finished the NYSE bell ringing ceremony, host Cramer asked Trump if cryptocurrencies are like oil strategic reserves? Trump's answer was: Yes, we will do great things in the crypto field and become the leader of this industry.
Previously, many people thought Trump would not fulfill this campaign promise, but now he himself is coming out to support it, so will Bitcoin soar after Trump takes office?
So January 20th's Trump is definitely a hot topic in the crypto world, and we may have our last chance to get on board in the next 30 days.
Right after Trump announced this news, the sharp-eyed Wall Street immediately took action, with Tether buying another 1 billion USDT, and these hot funds have now been transferred to major exchanges for buying spree, as the smart money is rushing to get ahead, because they know there will be even bigger gains ahead.
The blockchain project WLFI issued by the Trump family has now doubled its Ethereum holdings, worth $50 million, bringing its total on-chain assets to $74.5 million, so Trump is also increasing his Ethereum holdings, and a breakthrough in Ethereum is just a matter of time, directly breaking through the previous high of $4,868, and then reaching $8,000 when the Prague upgrade happens next March!
The inflow of Ethereum spot ETFs has recently reached a new high, and Ethereum is the foundation of most Altcoins, so the explosion of Ethereum prices can bring about the explosion of Altcoins, and Ethereum has recently reversed its previous decline, with inflows continuing to increase, and large holders and institutions are also piling in.
And with the arrival of the bull market, the Ethereum ecosystem is thriving again, with a batch of major projects emerging recently, especially the previous DeFi boom driving Ethereum, and now the RWA boom is also driving Ethereum, on-chain finance is still the biggest narrative for the future, coupled with the AI concept, all of which are bringing a second spring to Ethereum.
Ethereum's performance in the bull market will be very exaggerated, from the last cycle to now, 35 million ETH have been staked and locked, meaning that 30% of the coins are in non-liquid state and cannot be sold, further tightening the supply of ETH in the market.
And this is just the staking on the mainnet, half of the ETH are also locked in various DeFi projects like UNI and AAVE to earn tokens, so the Ethereum in the market is really too little, and the bull market has just started, you may not feel it yet, but in a few months when you see the ETH price again, it will be really amazing.
Looking back at Ethereum's historical trend, it basically starts to gain momentum in January and keeps rising until May, with an average monthly gain of 20-30%, so while it's still over $3,000, you can boldly position yourself, who knows, we may witness Ethereum reaching $10,000, and we'll all be financially free!
