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Bitcoin Treasuries Primed To Double in 2025, According to InvestAnswers – Here’s What It Could Mean for BTC

Published

4 days ago

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A closely followed crypto analyst is predicting that the number of corporations adopting a Bitcoin (BTC) treasury strategy will double in 2025.

In a new video update, the host of InvestAnswers tells his 553,000 YouTube subscribers that a doubling of Bitcoin treasuries could send the flagship crypto asset to an astronomical new all-time high.

“The beauty of Bitcoin is it’s hard and it’s driven by supply and demand. What happens if the supply dries up? What happens if the long-term holders are done selling? What happens if the miners, all their bags are being bought up? And what happens if more big players enter the market? This is what could drive the price absolutely bonkers…

We have seen tons of treasuries come in. We now have the new FASB (Financial Accounting Standards Board) rules, which make it even easier for more treasuries to come in. And the number of treasuries are going to double in 2025. That’s part of my 2025 prediction as well. That means where is all this Bitcoin going to come from? The only thing that can happen is the price will go up. That’s it.”

According to Bitcoin Magazine Pro, there are currently 33 publicly traded companies with Bitcoin treasuries, the largest one being MicroStrategy, which holds 444,262 BTC.

Bitcoin is trading for $96,754 at time of writing, up 2.4% in the last 24 hours.

 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin

Canada Can Elect The Next Bitcoin World Leader

Published

5 hours ago

on

January 7, 2025

By


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Canada’s Prime Minister Justin Trudeau has announced he is officially resigning from his position in office and as the Leader of the Liberal Party of Canada — effective when the party chooses his successor.

Trudeau has faced massive criticism over the last few years due to his inability to solve the housing shortages, inflation, and other economic struggles the country is facing. He has also stated that he is fighting internal battles, and therefore cannot be the best option for the country in the upcoming 2025 Canadian federal election.

Trudeau, known for his anti-Bitcoin stance alongside his other poor economic policies, said in early 2023 that his political opponent and Leader of the Conservative Party of Canada, Pierre Poilievre, was not fit for leadership because he correctly told Canadians citizens to opt out of inflation by holding bitcoin. Trudeau cherry picked data from when Poilievre said that and used it as an attempt to make holding bitcoin seem like a bad decision, stating that Canadians would have lost half of their life savings if they had bought bitcoin.

If Trudeau had been intellectually honest and able to see the bigger picture, he would have also encouraged his citizens to accumulate bitcoin as well, because bitcoin’s price has increased about 375% since Trudeau tried to make a mockery of saving in bitcoin.

Canada has their federal election coming up later this year, and they have the potential to elect the next Bitcoin world leader — Pierre Poilievre. Poilievre is a staunch Bitcoin advocate and has done the work to understand what money is. Here below is a great 10 minute speech by Poilievre on money, really showcasing his deep understanding of it. And here is another speech in which Poilievre says the “bottom line is we’re growing the money supply which causes inflation. We’re printing money to fund irresponsible government spending.”

Similar to how Trump visited PubKey in New York City to purchase burgers and drinks using the Bitcoin Lightning Network, Poilievre has also visited a local Bitcoin business to purchase food with Bitcoin. In 2023, he visited a Canadian restaurant accepting bitcoin as payment and paid in BTC for food, further showcasing his openness to embracing the asset and promoting the use of it as a medium of exchange and not just a store of value.

Bitcoiners in Canada have a chance to vote for a Prime Minister who would have sound economic policies and promote the usage of Bitcoin. If this happens, they would join the ranks of the United States, El Salvador and other countries who have leaders embracing Bitcoin and the benefits of that. Canada’s election is slated to take place on or before October 20, 2025.

I personally think that Poilievre is the best choice for Canada this election, not only because of his pro-Bitcoin stance, but because of his economic policies, freedom-oriented mindset, and rational thinking. I hope to see Canada embrace Bitcoin, and solve their economic problems caused by Trudeau and the Liberal Party of Canada’s poor mismanagement of the economy by choosing new Conservative leadership and encouraging further use of Bitcoin in the country.

So Canadians, go out and vote for Poilievre this election. This is your shot to make history and embrace the future of finance with Bitcoin.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.





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UAE’s Bitcoin mining firm Phoenix Group expands in US ahead of Nasdaq listing: report

Published

20 hours ago

on

January 6, 2025

By



Abu Dhabi-listed Phoenix Group deepens its U.S. footprint with the opening of a 50 MW crypto mining site in North Dakota.

Phoenix Group has opened a 50 MW crypto mining facility in North Dakota, as the Abu Dhabi-based firm doubles down on its plan to expand Bitcoin (BTC) mining operations in the U.S., per an Arabian Gulf Business Insight report.

The facility will add over 2.7 exahashes to Phoenix Group’s mining arm once fully operational. Phoenix Mining chief executive Reza Nedjatian described the U.S. as a key market for the company, calling the new facility a vital step in its investment strategy. The latest expansion follows another move to strengthen its U.S. presence, as Phoenix Group previously opened a 25 MW mining facility in Willamette, South Carolina.

Founded in 2017, Phoenix Group is the largest crypto mining operator in the MENA region as it manages 765 MW of mining facilities in the U.S., Canada, and the UAE. The firm is also the distributor of MicroBT Bitcoin mining devices in countries like Egypt, Turkey, and Kenya, among others.

In October 2023, Phoenix Group became the first private crypto and blockchain company listed on the Abu Dhabi Securities Exchange. Its IPO raised $370 million, with subscriptions exceeding the initial offer by 33 times. The strong interest from retail investors also surpassed expectations by 180 times. Phoenix Group plans to list on Nasdaq by 2025 to grow its global presence, although the exact timeline is still unclear.



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Ali Martinez

$4,000 Solana? Trader Ali Martinez Says SOL Forming Potentially Massive Cup and Handle Set Up

Published

2 days ago

on

January 5, 2025

By


A closely followed crypto analyst says that smart contract platform Solana (SOL) is potentially forming a bullish technical pattern that could see it surge by over 1,700%.

In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that it’s possible the Ethereum (ETH) rival is forming a cup-and-handle pattern that could push it to astronomical levels.

“There’s a chance SOL is forming a cup-and-handle pattern, and it will reach $4,000!”

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Source: Ali Martinez/X

A cup and handle is typically observed when the price movement of an asset forms a “cup” pattern before printing a smaller “handle” structure which suggests consolidation prior to a potential breakout.

Solana is trading for $215 at time of writing, a 1.3% decrease during the last 24 hours. If Solana were to reach Martinez’s target price, it would represent a staggering 1,760% increase.

Moving on to the flagship digital asset Bitcoin (BTC), Martinez notes that Coinbase’s Premium Index – which tracks the price premium for BTC on Coinbase and therefore its demand in the US by proxy – suggests that institutional demand for the top crypto asset by market cap is ramping up in America.

“The Coinbase Premium Index recently hit -0.23%, a two-year low, but it’s now rebounding quickly. This signals growing institutional demand for BTC from US-based investors!”

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Source: Ali Martinez/X

Bitcoin is trading for $98,137 at time of writing, a marginal decrease on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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