This month, we delve into significant global market developments, groundbreaking crypto highlights, the latest ETF adoption milestones, and an in-depth review of Diamond Pigs' Berkshire Top10 Index strategy performance over 2024. With Bitcoin breaking past the historic $100,000 mark, Ripple reaching new highs, and institutional adoption of cryptocurrencies gaining unprecedented momentum, we examine the trends and events shaping the future of the crypto landscape.
Global Update: Macro Developments
The Consumer Price Index (CPI) for December matched expectations with a 2.9% increase, while the Core CPI slightly underperformed at 3.2%. These figures, the largest increases in eight months, triggered immediate market reactions:
- Bitcoin (BTC): BTC surged past $100,000 following the CPI release, marking a historic milestone and the asset’s highest price ever. Analysts anticipate further growth as institutional adoption continues.
- Market Sentiment: Trump’s inauguration next week is expected to catalyze further price movements as he reportedly intends to issue an executive order to set crypto as a "national priority" .
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Crypto Market Highlights
- Pro-Crypto Congressman Appointed: Tom Emmer, a vocal advocate for digital assets, was named Vice Chair of the Digital Assets Subcommittee. His appointment is expected to drive regulatory clarity, particularly in sectors like DeFi. By promoting balanced regulations, Emmer’s leadership could encourage companies in the DeFi space to innovate and enter mainstream markets. This shift would likely boost institutional confidence and foster broader adoption, positively impacting the overall crypto market.
- Ripple (XRP): XRP soared to a 7-year high, surpassing $3, driven by speculation around a potential spot XRP ETF. Large holders have accumulated $3.8 billion in tokens.
Regulatory Updates:
- Europe: MiCAR legislation will come into effect in 2025, prompting stablecoin issuer Tether (USDT) to exit the European market.
- USA: New tax rules for crypto have been postponed until 2026. Speculation arises that the SEC may drop several ongoing enforcement cases under the Trump administration.
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ETF Adoption Milestones
- Bitcoin ETFs: Celebrated their first anniversary with record inflows of 51,500 BTC in December, far exceeding miner production (13,850 BTC). Total Net Inflows: Reached $35 billion in 2024, with BlackRock’s ETF alone growing to $33 billion in assets and recording $660 billion in trading volume.
- Ethereum Spot ETFs: Recorded $2.1 billion in December inflows, solidifying crypto’s position as a mature asset class.
Diamond Pigs Strategies - Berkshire: The Big Winner of 2024
The Berkshire Index consistently outperforms the broader crypto market, including Bitcoin:
Performance Highlights:
- Over twelve months: Delivered 141% returns, outperforming Bitcoin’s 139%.
- Last three months: Achieved 99% growth, compared to Bitcoin’s 52% gain.
What Makes Berkshire Effective?
A market-cap-based strategy focusing on top coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. Includes rising stars like Dogecoin (DOGE), Binance Coin (BNB), Cardano (ADA) and Chainlink (LINK).
One of the core advantages of the Berkshire Index is its proactive approach to portfolio management. The strategy allocates more weight to high market-cap coins through monthly rebalancing. This ensures the portfolio adapts to market trends, optimizing growth by focusing on coins with strong bullish momentum. This approach drives consistent strong performance for the Berkshire strategy.
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Contact Us
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
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