This month, we cover major developments shaping the crypto market, from the impact of Trump’s election as the first pro-Bitcoin U.S. president to surging interest in Bitcoin ETFs and memecoins, we delve into the implications for financial stability and the need for regulation. We also provide strategy performance updates and highlight new features to enhance your Diamond Pigs experience.
Key Highlights:
- Historic U.S. Election: Donald Trump elected as the first pro-Bitcoin U.S. president, signaling potential regulatory shifts and increased institutional support for crypto.
- Bitcoin ETF Boom: Spot Bitcoin ETFs recorded $1.7 billion in weekly inflows, bringing total assets under management to $95.4 billion, now representing 5.27% of Bitcoin’s $1.8 trillion market cap.
- Memecoin Surge: Dogecoin (DOGE) rallied 140% in two weeks, while SOL-based coins like WIF and BONK contributed to Solana’s rise toward all-time highs.
- Strategy Standouts: The Bisaro strategy achieved 130.7% growth in the past three months, while Berkshire delivered a strong 74% return, catering to both high-risk and conservative investors.
- New Feature: Termination button now available in the Members Dashboard, offering greater flexibility and control over your account.
- Cathie Wood’s Bold Prediction: Bitcoin could reach $1.5 million by 2030 in a best-case scenario, with a base estimate of $682,800.
Global Update: A Historic Week for Crypto The first week of November 2024 marked a pivotal moment in crypto history.
The election of Donald Trump as the first pro-Bitcoin U.S. president has sparked optimism across the crypto industry. During his campaign, Trump made bold promises, including plans to replace SEC leadership and create a national Bitcoin reserve. These developments come amid continued growth in Bitcoin’s popularity, with institutional inflows into spot ETFs reaching $1.7 billion in the week of November 11-15.
Cryptocurrency Market Overview
Bitcoin ETFs now account for $95.4 billion in assets under management, equivalent to 5.27% of Bitcoin’s $1.8 trillion market cap. Cathie Wood of Ark Invest reaffirmed her prediction of Bitcoin reaching $1.5 million by 2030, emphasizing its increasing recognition as a distinct asset class. The broader market also saw renewed interest in Ethereum and other altcoins, driven by growing institutional and retail adoption.
Pro-Crypto Policies and Memecoin Momentum
Trump’s presidency has ignited speculation about transformative growth in digital finance, particularly in DeFi. Analysts predict his administration will ease regulatory barriers, driving DeFi from niche to mainstream and fueling innovation. Bitcoin’s surge has boosted DeFi activity, with tokens like INJ, AAVE, LINK and platforms like Ethereum (ETH), Solana (SOL), Sui (SUI), and Cardano (ADA) seeing significant gains.
The memecoin sector has also soared, with Dogecoin (DOGE) rallying 140% in two weeks, partly driven by Elon Musk’s appointment to a government agency sharing DOGE’s ticker. SOL-based coins like WIF and BONK have led Solana’s rise to near all-time highs. Memecoins’ popularity stems from their community-driven ownership, avoiding VC-led selloffs tied to token unlocks that weigh on other altcoins.
Consequently, Diamond Pigs’ Gascon and Duroc strategies, investing in Layer 1 coins (Gascon and Duroc) and DeFi coins (Duroc), as well as Bisaro, exclusively trading memecoins, have demonstrated strong growth in recent weeks.
Strategy Performance: Last 3 Months
- Bisaro Strategy (Meme Coins):The standout performer this quarter, with an impressive return of 130% in three months. Focused on high-risk memecoins, ideal for aggressive investors.
- Berkshire Strategy (Top 10 Index):Achieving a 74% growth, Berkshire remains a reliable choice by tracking the top 10 cryptocurrencies.
- Gascon Strategy (BTC, ETH, and SOL):Gascon recorded a 34% growth by focusing on BTC, ETH, and SOL.
- Duroc Strategy (Crypto Mix):The Duroc strategy achieved a 40% growth, primarily by taking early positions in coins like SOL, NEAR, INJ, and ETH.
- Hereford Strategy (BTC Only): With a 4% return in three months and 55% year-on-year, Hereford focuses on long-term protection with limited but targeted trades.
What’s New? Termination Button Now Available
We’ve recently introduced a termination button to provide greater flexibility and control over your account. You can now terminate your membership directly via the Members Dashboard, under the Settings Page, or through the Adjusted Strategy Screen. This feature is designed to simplify account management and give you the freedom to pause or stop at any time.
Any questions?
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
