This month, we delve into key macroeconomic updates, major developments in the crypto space, and highlights from our strategy performance. With Bitcoin reaching record highs, DeFi experiencing a strong resurgence, and MicroStrategy making history, the momentum is undeniable.
Key Highlights:
- Macro Update: U.S. CPI steady at 2.7%, boosting expectations for a Q1 2025 Fed rate cut.
- Bitcoin All-Time High: BTC soared to $108,000, driven by ETF adoption and Trump’s pro-crypto policies.
- MicroStrategy’s Historic Milestone: Set to join the Nasdaq 100 on Dec. 23, gaining exposure to billions in passive inflows.
- Ripple’s Breakthrough: XRP surged 128% in three months, powered by the launch of its RLUSD stablecoin.
- DeFi Resurgence: AAVE, LINK, and other DeFi tokens lead gains amid growing investor confidence and regulatory clarity.
Global Update: Macro Developments
The global economic outlook turned positive in December. The U.S. CPI held steady at 2.7%, easing inflation concerns and raising expectations for a 25 bps rate cut in Q1 2025. Bitcoin, often seen as an inflation hedge, surged to a record $108,000, reflecting strong institutional demand and investor confidence.
Crypto Market Highlights
Bitcoin hit $108,000, breaking into price discovery mode as institutional inflows into spot ETFs gained momentum. MicroStrategy added 15,350 BTC for $1.5 billion, pushing its total holdings to 439,000 BTC (worth $46 billion).
In a historic development, MicroStrategy will join the Nasdaq 100 on Dec. 23, 2024, becoming the first Bitcoin-focused company in the index. This inclusion will expose the stock to billions in passive inflows, with Bloomberg analysts projecting a 0.47% weighting—around $2.1 billion in ETF-driven buying pressure. Analysts believe this move could pave the way for MicroStrategy’s entry into the S&P 500.
Bitcoin’s rally has lifted the broader market:
- Ethereum (ETH) broke through $4,000, driven by Layer 2 adoption and renewed institutional interest.
- DeFi Tokens Soar: AAVE, LINK, are leading the sector’s revival, fueled by Trump’s pro-crypto stance and rising confidence in decentralized finance.
- Ripple’s RLUSD Stablecoin: Set to launch on Dec. 17 on the XRP Ledger and Ethereum networks, Ripple’s U.S. dollar-pegged token drove XRP to a 128% gain, reclaiming its spot as the 3rd largest cryptocurrency by market cap.
The combination of Bitcoin’s momentum, Ethereum’s strength, and DeFi’s resurgence highlights a renewed sense of optimism across the crypto ecosystem.
Strategy Performance: Last 3 Months
- Bisaro Strategy (Meme Coins):
Delivered strong returns of 116%, capitalizing on high-risk memecoins. - Berkshire Strategy (Top 10 Index):
Achieved an impressive 133% growth, driven by Bitcoin, XRP, and DOGE & Ethereum. - Gascon Strategy (BTC, ETH, and SOL):
Recorded solid growth of 65%, benefiting from mainly Solana and Ethereum momentum. - Duroc Strategy (Crypto Mix):
Returned 62%, fueled by early positions in top DeFi and Layer 1 tokens like ETH, SOL, NEAR, BNB, and INJ. - Hereford Strategy (BTC Only): Steady and consistent, delivering 18% growth over the last three months.
What's New? Enhancing Piggy, Our AI Chat Bot
We’re excited to share the latest improvements to Piggy, our AI-powered chat bot, designed to make your experience smoother and more personalized. We’ve integrated additional user-specific data into Piggy, allowing logged-in users to ask questions about their account performance, fees, and, soon, trade details, with 24/7 instant answers.
The team actively monitors and fine-tunes Piggy’s responses to ensure it becomes smarter and more accurate every day.
We’ve also integrated WhatsApp support with our user database. Registered users’ phone numbers are now matched to their profiles, enabling us to recognize them instantly and deliver faster, more accurate support.
As always, you can reach us via Piggy, our AI-chat support bot, by opening a ticket or sending an email to support@diamondpigs.com
