FameEX Morning Crypto News Recap | December 13, 2024

Donald Trump Unveils Initiatives for Cryptocurrency and Artificial Intelligence

President-elect Trump unveiled plans for significant initiatives in cryptocurrency and artificial intelligence, stressing the importance of greater support. He also announced a scheduled meeting with Amazon founder Jeff Bezos next week to discuss these developments further.

Trump Suggests 15% Corporate Tax Rate to Drive Economic Growth

At the NYSE opening bell, President-elect Trump pledged to veto budgets not aligning with the "Department of Government Efficiency" objectives. He also proposed cutting the corporate tax rate to 15% to boost economic growth and encourage greater corporate investment.

BlackRock Explores Allocating 2% of Its Portfolio to Bitcoin

BlackRock's December 2024 investment report emphasizes Bitcoin's strong return potential in diversified portfolios before widespread adoption. It recommends limiting Bitcoin allocation to 1%-2% to manage its high volatility while maintaining overall portfolio stability, making it a strategic choice for long-term investors.

Nearly Half of Bitcoin's Total Funding in 15 Years Was Raised in 2024

CryptoQuant CEO Ki Young Ju shared on X that Bitcoin attracts $80 billion monthly, with 2024 contributing nearly half of its 15-year inflow. He highlighted the importance of this growth, asserting that those who fail to understand its implications still underestimate Bitcoin's transformative potential.

ETH Set to Exceed $5,000 Driven by Growing Demand and Enhanced On-Chain Activity

CryptoQuant analysts suggest Ethereum may exceed $5,000 as supply-demand trends and investor interest grow. Rising on-chain activity, daily transactions, and dApp usage have increased network fees and ETH burns, reducing supply growth and contributing to Ethereum's potential price surge.

BlackRock's Bitcoin Spot ETF Outpaces Gold ETF in Size

CryptoQuant founder Ki Young Ju announced that BlackRock's Bitcoin Spot ETF (IBIT) has surpassed its gold ETF in size. With billions flowing into Bitcoin weekly, he emphasized Bitcoin's $2 trillion market value compared to gold's $17 trillion, indicating SmartMoney’s preference for Bitcoin's growth potential.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​