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It’s time to move past market hype and focus on sustainable development.
Opinion by: Kori Higgins, director of investor relations and growth at the Web3 Foundation
The euphoria that erupted in crypto markets following the outcome of the US presidential race solidified Bitcoin’s status as a mature asset class in the eyes of the global investor community. The recent market backdrop unleashed arguably the most potent crypto bull run in its 16-year history, pushing the price of Bitcoin (BTC) past the $100,000 barrier.
The fervent activity of institutional investors further propelled Bitcoin’s recent price rally. While most in Web3 welcome the inflow of institutional money into crypto, the level at which these investors will drive innovations forward and support true breakthroughs in Web3 technology is questionable.
Crypto investment should more closely follow adoption patterns in emerging markets.
Opinion by: Ayush Ranjan, co-founder and CEO of Huddle01
Many claim Web3 is just a speculative playground because of its power to mint millionaires overnight, and because memes seemingly win out over actual utility. Long-term builders and dreamers can quickly lose faith in the industry’s future. Despite the media narratives, there are bright spots.
Blockchain and crypto are genuinely benefiting humanity, especially in emerging markets. There are fundamental societal shifts as Web3 technology helps the underserved and underbanked and combats the deficiencies in modern traditional institutions in finance and beyond.
Canadian-based gold tokenization firm Matador Technologies wants to diversify away from Canadian dollars and is adding Bitcoin to its balance sheet.
Canadian real-world asset tokenization firm Matador Technologies has become the latest company to incorporate Bitcoin into its treasury.
The firm said on Dec. 23 that its board of directors unanimously approved adding Bitcoin (BTC) and “USD-denominated assets” to its balance sheet as part of what it called a “long-term capital preservation strategy.”
Matador said it had identified risks associated with its current treasury primarily denominated in Canadian dollars.
Tony Paquette will reportedly assume the chief financial officer position as Alex Loffe transitions into a new role.
Galaxy Digital Holdings, a financial services and investment firm, has hired former Point72 executive Tony Paquette as its new chief financial officer.
According to an announcement published on Dec. 13, Paquette is set to replace current chief financial officer Alex Loffe, who will move into a senior advisory role on Jan. 1, 2025.
The turnover comes amid a period of financial turmoil for the company and a rapidly changing regulatory environment for cryptocurrency and blockchain technology in the US.
MicroStrategy’s stock premium has benefited from a virtuous cycle in the bull market. It will eventually reverse course.
Opinion by: Alex O’Donnell, Senior Writer for Cointelegraph.
MicroStrategy’s multibillion-dollar Bitcoin bet has paid off spectacularly. Still, the good times won’t last. When cheap financing dries up, Microstategy’s stock price will wither.
Copycats risk similar fates. Bitcoin (BTC) maxis should look elsewhere.
Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.
During his 2024 election campaign, United States President-elect Donald Trump made many crypto-related promises, including establishing a “strategic Bitcoin stockpile.” The idea has since picked up steam both in the United States and abroad.
While there has been plenty of talk, a clear roadmap and timeline for the implementation of a Bitcoin (BTC) strategic reserve haven’t been hashed out by lawmakers yet.
Speaking to Cointelegraph, Tim Ogilive, global head of institutional at crypto exchange Kraken, said at its core, establishing a strategic Bitcoin reserve is a “straightforward process.”