As digital assets enter the mainstream, Australian stockbrokers face familiar questions about trust, jurisdiction and client protection. The same questions we asked when connecting to global markets decades ago.
The crypto industry is growing fast, but it's public companies, not tokens, that are leading the charge.
In my last report, I highlighted a liquidity-driven price forecast for Bitcoin, which is ascending to global reserve asset status as the best hedge against monetary debasement. This link with currency debasement has held up fairly well over Bitcoin’s short history.
Trump takes the Presidency and pushes Bitcoin to a new all-time high of A$115k. BlackRock leads Bitcoin ETFs to new milestone. RBA holds rates as inflation rises. Real Vision discusses a liquidity-driven crypto bull-cycle. Tether's Q3 profit hits US$2.5 billion. US job growth slows.
Bitcoin ETFs have surged, attracting nearly US$900 million in one day, led by BlackRock's iShares Bitcoin Trust, which claimed US$872 million. Meanwhile, Tether reported Q3 profits of US$2.5 billion, driven by U.S. Treasury yields and gold prices, amid a stabilising global economy.
Prominent US investor, Paul Tudor Jones highlights gold and Bitcoin as essential hedges against inflation. Despite concerns over rising U.S. Treasury yields, Bitcoin options traders remain optimistic, betting on US$80K and a potential rise to US$200K by 2025.