![First Solana Spot ETF Raises $2.75 Million on Brazilian Stock Exchange](https://static.news.bitcoin.com/wp-content/uploads/2024/08/ad73762d-560f-4fd5-9745-c07ce906cdcb.jpg)

On Thursday, the **first Solana spot exchange-traded fund (ETF)** made waves by raising over **$2.75 million** during its public offering on **B3**, Brazil's stock exchange. This innovative product, which was previously **approved** for trading by the Brazilian securities regulator (**CVM**), is launched by **QR Asset**, a company that also offers a bitcoin-based ETF.

Despite raising only **15%** of the amount garnered by its bitcoin counterpart, Theodoro Fleury, investment manager and director at QR Asset, highlighted the **growth potential** of Solana, asserting that a Solana ETF provides **greater security for conservative investors** and is **crucial for institutional investors** who cannot purchase the asset directly.

The first Solana spot ETF product raised over $2.75 million during its public offering on B3, the Brazil stock exchange.

Groundbreaking Solana Spot ETF Collects $2.75 Million on Brazilian Exchange!

Fundstrat's **Tom Lee** is making waves with his optimistic prediction for **Bitcoin** in **2025**. During a recent panel discussion on **CNBC**, he projected a price target of **$250,000** for Bitcoin, suggesting an impressive **163% upside** from its current trading levels as of January 9.

![Bitcoin Logo](https://g.foolcdn.com/art/companylogos/mark/BTC.png)

**Current Price**: $94,289.85  
**Today's Change**: (-0.24%) -$223.69  

## Why Tariffs Could Influence Crypto Investing

The discussion also touched on the potential impact of **tariffs** under the incoming administration. If tariffs are implemented, they could drive prices up for goods and materials, leading to a slowdown in economic activity. This might prompt investors to seek alternatives like **cryptocurrencies** or **commodities** as a hedge against inflation.

![Gold Coin with Bitcoin Logo](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F803468%2Fgold-coin-with-bitcoin-symbol-on-it-cryptocurrency-btc-2.jpg&amp;op=resize&amp;w=700)

## Incoming Administration's Stance on Crypto

Despite potential tariff implications, the new administration is expected to have a **crypto-friendly** approach. President-elect **Trump** and his nominee for the **SEC**, **Paul Atkins**, have shown support for **Bitcoin**, which could lead to regulatory changes that favor digital assets.

## Should You Buy Bitcoin in 2025?

While **Wall Street** price targets can be uncertain, the narrative surrounding **Bitcoin** remains **positive**. With the anticipated regulatory changes, investing in Bitcoin could be a strategic move. Options for exposure include investing in **spot Bitcoin ETFs** or buying shares in cryptocurrency-focused companies like **Robinhood** and **Coinbase**. Alternatively, investors can directly purchase Bitcoin to own it outright.

**Overall, the outlook for Bitcoin in 2025 appears bullish**, particularly with the potential support from the new administration, suggesting that now could be a great time to consider adding Bitcoin to your portfolio.

Fundstrat's Tom Lee is calling for major upside in Bitcoin in 2025.

Unlocking Bitcoin's Future: Tom Lee's Bold 2025 Prediction with 163% Upside

Many cryptocurrencies have seen impressive growth recently, driven by expectations of milder macroeconomic conditions and lower interest rates. However, their **volatility** and difficulty in valuation make them risky investments. Instead, consider **high-growth tech stocks** tied to sustainable businesses. Here are three companies that might have more growth potential than any cryptocurrency in the coming years:

## The Niche Social Media Player: Reddit
Reddit is a unique blend of news aggregation and social media. Its daily active users skyrocketed from **53.9 million to 97.2 million** from late 2021 to Q3 2024, propelled by major news events and entertainment releases. In 2023, Reddit's revenue surged **21%** to **$804 million**, and it anticipates a staggering **56% to 58% growth** in 2024, potentially reaching nearly **$1.3 billion**. This growth is supported by partnerships with **Alphabet's Google** and **OpenAI's ChatGPT**, enhancing its user base and advertising revenue potential. Despite a hefty enterprise value of **$30 billion**, its rapid growth may justify this premium.

![Reddit](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F803124%2Fa-couple-talks-to-a-financial-advisor.jpg&amp;op=resize&amp;w=700)

## A High-Growth Space Stock: Rocket Lab USA
Rocket Lab specializes in **partially reusable rockets** for NASA and the U.S. Space Force. With **58 successful launches** over seven years, they are set to launch their new rocket, **Neutron**, capable of carrying up to **15 metric tons**. Although Rocket Lab's revenue rose only **16%** in 2023, forecasts for **2024 project a 77% surge** to **$434 million**. With a backlog of **$1.05 billion**, Rocket Lab has significant growth prospects, despite its **$15 billion enterprise value** being high compared to projected sales.

## An Overlooked AI Play: Innodata
Innodata, previously known for slow growth, has pivoted to providing **task-specific microservices** for AI applications. Its revenue is expected to jump **89%** to **$164 million** in 2024, as it serves major AI companies. With an enterprise value of **$1.3 billion**, Innodata appears reasonably priced, potentially benefiting from the booming **generative AI market**.

These three companies—**Reddit, Rocket Lab, and Innodata**—present compelling alternatives to cryptocurrencies for investors seeking high growth potential.

Reddit, RocketLab, and Innodata could be potential multibaggers.

Discover 3 Tech Stocks That Could Outperform Cryptocurrencies! 

# Bitcoin's Current Landscape

Bitcoin (BTC) remains the **center of investors’ attention** as new **nonfarm payrolls data** from the US Bureau Of Labor Statistics (BLS) emerges. With the market sentiment still **bullish**, the recent economic developments in the US raise questions about the **macroeconomic factors** that could impact Bitcoin in 2025.

Currently, Bitcoin is trading above **$94,000**, having experienced a **3.45% loss** over the past week.

## Fed’s Rate Cuts: A Dead End?

In a recent analysis by The Kobeissi Letter, the employment summary for December 2024 revealed that **nonfarm payrolls** employment rose by **256,000 jobs**, exceeding expectations by 100,000. This marks the **highest six-month average** of **165,000 jobs** since July 2024.

![Bitcoin](https://s3.tradingview.com/news/image/newsbtc:2a76826bb094b-4d065bcb2b739b7e5cbeb0ba5aa9fbe3-resized.jpeg)

The analysts suggest that the **US Federal Reserve's** decision to initiate interest rate cuts in September 2024 may have been misguided, given the current job growth and inflation levels. As a result, the Fed is anticipated to **halt rate cuts** and potentially introduce **rate hikes** to combat inflation driven by strong job data.

### Impact on Bitcoin

The absence of rate cuts or the introduction of rate hikes generally poses a **negative outlook for Bitcoin**. Lower interest rates typically encourage investment in riskier assets like cryptocurrencies. Following the Fed's announcement of potential rate reductions for 2025, Bitcoin suffered a **flash crash of over 9%** in mid-December as investors sought to stabilize their positions.

The Kobeissi Letter forecasts a **44% probability** that no rate cuts will occur through June 2025.

## Bitcoin Price Overview

As of now, Bitcoin is priced at **$94,028**, reflecting a slight **0.22% gain** in the last 24 hours. However, it remains down **3.72%** over the past week and **6.35%** over the past month.

Despite the looming threat of reduced rate cuts, Bitcoin investors are likely to maintain **bullish sentiments** due to:
- Historical price performance during bull cycles
- An anticipated pro-crypto US government
- Ongoing institutional investments via **spot ETFs**

With a market cap of **$1.84 trillion**, Bitcoin continues to hold its position as the largest cryptocurrency and the **eighth largest asset** in the world.

*Featured image from Investopedia, chart from Tradingview*

Bitcoin (BTC) remains the center of investors’ attention and concern especially following the latest nonfarm payrolls data from the US Bureau Of Labor Statistics (BLS). While the general market sentiment remains bullish, recent developments in the US economy indicate that macroeconomic factors may…

US Employment Surge: What Does It Mean for Bitcoin's Future?

Bitcoin prices have **skyrocketed** in 2024, but experts urge caution. Before diving into the crypto craze, consider the following insights:

### Cautious Approach to Bitcoin Investment
Financial experts recommend that Bitcoin and other cryptocurrencies should only make up **a small portion** of an investor's portfolio, typically **no more than 5%**. This is due to Bitcoin's **extreme volatility**. Some advisors suggest that it might be wise for certain investors to **avoid** crypto altogether.

### Why Bitcoin Prices Surged in 2024
Bitcoin emerged as the **top-performing investment** of 2024, experiencing a **125% increase** in value, reaching around **$94,000**. This surge can be attributed to several factors:
- **Political Influence**: Prices surged following Donald Trump's presidential election win, with expectations of deregulatory policies that could boost crypto demand.
- **Regulatory Developments**: The SEC approved **exchange-traded funds (ETFs)** that allow direct investment in Bitcoin and Ether, enhancing accessibility for retail investors.

### The Risks of High Returns
Despite the impressive gains, experts warn that **high returns come with high risks**. Bitcoin has been nearly **five times as volatile** as U.S. stocks since 2015. Amy Arnott from Morningstar emphasizes that a **5% allocation** to crypto is prudent, and some may prefer to **skip it** entirely.

### Recommendations from Financial Institutions
- **BlackRock** suggests a **1% to 2% allocation** to Bitcoin is reasonable for those who can handle its volatility. Exceeding this could significantly increase portfolio risk.
- In contrast, **Vanguard** views crypto more as a **speculation** than a viable investment, highlighting its lack of inherent economic value.

### Investment Strategies
For those considering crypto investments:
- Use a **dollar-cost averaging strategy** to manage risk. Invest gradually rather than all at once.
- Holding crypto for the **long term** is advisable, with suggestions to maintain it for at least **10 years** to weather volatility.

Investing in Bitcoin can be enticing but requires a careful and informed approach to navigate its inherent risks and volatility.

Bitcoin in 2024: Should You Join the Surge or Stay Cautious?

### The Future Of Finance: The Role Of Bitcoin

Matthew Sigel, Head of Digital Assets Research at VanEck, has recently ignited discussions about Bitcoin's potential to serve as a global monetary standard akin to gold. This provocative viewpoint is gaining traction, especially as the debate surrounding a **US Strategic Bitcoin Reserve** heats up.

Sigel believes that Bitcoin could dramatically shape the future of global finance. He suggests that if the US government establishes a **crypto strategic reserve** of approximately **1 million BTC**, it could position Bitcoin as a new form of currency, much like how nations historically accumulated gold to strengthen their economies.

> *"The gold standard once defined reserve assets. Now, Bitcoin presents the opportunity to converge on a ‘Digital Standard’ for money. It could very well echo gold’s role in reshaping global finance."* - Matthew Sigel

![Bitcoin vs Gold](https://s3.tradingview.com/news/image/newsbtc:34a7f5228094b-038ac573bda37c30876816ee8ab601d2-resized.jpeg)

### Gold Vs. Bitcoin: Lessons From History

The comparison between crypto and gold is not novel but has gained significant attention as more governments explore digital currencies. While gold is viewed as a **safe haven** and a reliable store of wealth, Bitcoin offers unique advantages. It is a digital asset, meaning that transfers are fast and portable, reducing vulnerability to theft and facilitating cross-border transactions.

Furthermore, Bitcoin's supply is capped at **21 million coins**, making it intrinsically rare. This planned scarcity positions BTC as an attractive alternative for those looking to hedge against **economic uncertainty** and inflation.

### Global Perspectives & Reactions

The global buzz surrounding Bitcoin's potential is palpable. Following recent political changes in the US, countries like El Salvador have recognized Bitcoin as legal tender, with other nations considering similar moves. However, critics argue that Bitcoin's **price volatility** and the steady purchasing power of gold may hinder its acceptance as a reliable medium of exchange.

Despite Bitcoin's advantages, such as **decentralization** and resistance to government intervention, its unpredictable nature raises concerns among economists about widespread adoption.

Sigel’s insights reflect a growing curiosity about Bitcoin's role in transforming financial systems globally. As the debate continues about whether Bitcoin can stand alongside gold as a global standard, both supporters and critics will be keenly observing how this narrative unfolds in the coming years. The future of money may very well hinge on the interplay between these two assets in our increasingly digital economy.

*Featured image from Pexels, chart from TradingView*

Matthew Sigel, Head of Digital Assets Research at VanEck, has recently made comments regarding the potential of Bitcoin to become a global monetary standard, similar to gold, which have sparked controversy. This viewpoint is gathering momentum, particularly as the debate regarding a US Strategic Bi…

Is Bitcoin the New Gold? Expert Predicts a Digital Monetary Revolution

### Market Dynamics Shifting with Quantum Computing and Bitcoin

**Nvidia** CEO **Jensen Huang** expressed skepticism about the near-term usefulness of **quantum computers**, leading to a significant drop in stocks associated with the sector. Stocks like **IonQ** and **Rigetti Computing** fell over **40%** after Huang's comments during the **Consumer Electronics Show (CES)**. 

### Cryptocurrency as a Store of Value

**Cryptocurrency**, particularly **Bitcoin**, is increasingly viewed as a store of value akin to **gold**. Its role as a medium of exchange is also expanding, with growing acceptance for **bill payments**.

### Bitcoin's Recent Price Movements

Bitcoin has experienced considerable volatility, recently dropping below the **$100,000 mark**, falling from **$102,000 to $95,000** in just two days, correlating with a broader decline in major cryptocurrencies like **Ether**, **Cardano**, **Solana**, and **Dogecoin**. This drop was linked to market anticipation surrounding **Donald Trump's inauguration**, as investors reacted to changing economic signals.

### A Temporary Rally

Despite the recent decline, Bitcoin previously surged above **$100,000**, primarily driven by the **January effect** as investors returned from holidays. This rally highlighted the market's sensitivity to upcoming political events and regulatory changes, particularly the expected departure of **SEC Chair Gary Gensler**.

What you major in can have a big impact on your earning potential.

Bitcoin's Rollercoaster: Quantum Insights, Market Shifts, and Trump's Impact

### Bitcoin's Volatile Reaction to Economic Data

Bitcoin has experienced significant fluctuations recently, **dropping to around $92,000** after robust U.S. jobs data diminished expectations for Federal Reserve interest rate cuts. This news has sent shockwaves through stock markets and raised concerns about a potential **crypto price crash**.

### The Impact of Federal Reserve's Decisions

The **U.S. economy added 256,000 jobs** in December, far exceeding expectations, and the unemployment rate fell to **4.1%**. These figures have reinforced the Fed's position to maintain interest rates, which could negatively affect the attractiveness of risk assets like Bitcoin.

### Market Sentiment and Predictions

Analysts have noted that the **influence of macro conditions** is growing. With **liquidations exceeding $1 billion**, the market is reacting cautiously. Some analysts, like **Yuya Hasegawa** from Bitbank, warn that if Bitcoin dips below **$92,000**, it may lead to further declines, potentially reaching **$80,000**.

Conversely, some traders maintain a bullish outlook, suggesting that the strong jobs report could provide the momentum for Bitcoin to **break through the $100,000** level again, aiming for new all-time highs. **Matt Mena** from 21Shares emphasizes that the current economic climate could foster **investor confidence**, positioning Bitcoin for potential gains in the near future.

### Conclusion

While uncertainty looms in the short term, the structural drivers for Bitcoin's growth, such as institutional adoption, remain intact, supporting a **bullish outlook for 2025**.

Crypto traders are scrambling to assess what the latest changes to Fed rate cut expectations mean for the bitcoin price...

Groundbreaking Solana Spot ETF Collects $2.75 Million on Brazilian Exchange!

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