The nominee for the Department of Treasury holds a six-figure stake in the Blackrock Bitcoin ETF, revealing the control of Cryptos over elite investment portfolios and adding to the stake in future USA economic policy decisions.
With Bessent's financial ties revealed, the Blackrock Bitcoin ETF becomes the focus.
US Treasury Secretary nominee Scott Bessent, selected by President Donald Trump, disclosed personal investments of $250,001 to 0.5 million USD in the BlackRock Bitcoin Exchange-Traded Fund (ETF) iShares Bitcoin Trust (IBIT). As disclosed by the US release. As part of the Bessent confirmation process, the Government Ethics Office disclosed that ETFs focusing on cryptocurrencies are part of its substantial investment portfolio, with a value of at least 0.521 billion USD.
If confirmed, Bessent has committed to divesting assets that may pose potential conflicts of interest, including Bitcoin ETFs and other holdings related to his hedge fund Key Square Group.
BlackRock's Bitcoin ETF is a product that reflects the increasing integration of cryptocurrencies into traditional investment portfolios, and is one of several notable holdings in Bessent's financial disclosures. Other assets include US. Treasury Bonds, Invesco funds, and currency-related investments. Bessent's hedge fund manages important macroeconomic positions and plans to end operations by the end of March.
The divestment process is a joint...

Bitcoin fell below the $95,000 mark unexpectedly after the active U.S. employment data was released, creating a general market risk-aversion sentiment observed by QCP Capital.
Bitcoin hit by a wave of risk aversion - QCP Capital report on employment data triggering market turmoil
Bitcoin (BTC) dropped significantly, falling below $95,000, as stated by QCP Capital. The unexpected strength of the USA's job data was the reason behind this. The JOLTS report from the US Department of Labor revealed 8.1 million job vacancies, far exceeding the expected 7.74 million. This unexpected activity in the labor market triggered a risk-averse atmosphere in the financial markets, leading to a rise in long-term bond yields and sparking selling of risk assets.
QCP Capital: Bitcoin's sharp drop sets the stage for a potential bull market rebound before Trump's inauguration.
BTC hit an intraday low of $92,502 on Wednesday.
QCP pointed out that Bitcoin's sudden drop led to approximately $0.206 billion being liquidated in just an hour. This volatility spilled over to the stock market, with Nasdaq and the S&P 500 Index showing significant vulnerability. This synchronized reaction reveals the increasingly close connection between Bitcoin and the broader financial sector, especially during times of economic uncertainty.
The inflow of Bitcoin Exchange Traded Funds (ETFs) has significantly decreased by 94%, from $98.7 billion to $5.29 billion, according to the report from QCP. Among these ETFs, Blackrock's IBIT is an exception, attracting 5...

USA may accumulate up to 0.4 million Bitcoins by 2025, Devere Group predicts that this move could trigger a large-scale bull market and reshape the global market.
Is an epic-scale Bitcoin bull market about to come? How will the accumulation in the USA trigger it?
The CEO of the independent financial consultancy firm Devere Group, Nigel Green, predicts that as part of its strategic reserves, the USA may accumulate 0.3 to 0.4 million Bitcoins by 2025, which he believes could trigger a significant surge in BTC value.
Green's prediction comes after Senator Cynthia Lummis' Bitcoin bill in 2024, which proposes acquiring up to 1 million Bitcoins within five years using Fed wire transfers. Although the bill is still in its early stages and requires political negotiations, Green still believes that momentum from retail and institutional investors could drive the USA to build a significant Bitcoin reserve. His opinion last week was:
The USA may solidify Bitcoin as the cornerstone of its financial strategy, a major decision that will push Bitcoin's value to unprecedented levels.
Devere's CEO has positioned the initiative as part of a broader geopolitical strategy and stated that the accumulation of Bitcoin can enhance the USA's economic status. "This is not just an economic initiative; it's a geopolitical masterpiece. With this reserve, the USA not only strengthens its position as a crypto power but also ensures the relevance of the dollar in an increasingly digital Global economy.

Donald Trump won the presidential nomination in November, triggering a wave of Bitcoin price predictions, ranging from $0.13 million to $49 million per coin.
Top experts predict the future direction of Bitcoin prices
A black swan event is extremely rare and unpredictable, although no one can predict it, its impact is far-reaching and profound.
The election of a US president who is pro-Bitcoin - a person who called mainstream cryptocurrencies a "scam" three years ago - is exactly in line with the category of black swan events.
Furthermore, combined with the historic approval of the January bitcoin exchange-traded fund (ETF) and the halving event in April, it resulted in a perfect storm, leading to one of the strongest cryptocurrency bull markets. According to CoinGecko's data, on December 17, Bitcoin (BTC) price surpassed $108,135.
Especially Donald Trump's overwhelming victory on November 5th has led to various Bitcoin (BTC) price predictions for various reasons, ranging from as low as $0.13 million in 2025 to as high as $49 million per Bitcoin by 2045.
Pragmatists
Bitcoin reached a peak of about $44,000 in 2023, then surged to slightly over $108,000 earlier this month - a 145% price increase.
If similar returns are generated in 2025, we expect the price to be around $265,000. Therefore, forecasts below this benchmark may be considered more conservative estimates...

Michael Saylor's survey of 93,456 votes shows a soaring confidence in Bitcoin, with most participants predicting substantial long-term ROI.
Survey shows a surge in confidence in the future of Bitcoin - Saylor's followers expect a significant increase in Bitcoin.
MicroStrategy's Chairman Michael Saylor conducted a public opinion poll on social media platform X, which concluded on Monday, asking his followers to predict Bitcoin's annual ROI for the next 21 years.
The poll received 93,456 votes and presented four predicted return rate options: 14%, 22%, 30%, and 38%. The majority of participants (39.3%) chose the highest option of 38% as their prediction for BTC's future performance. The second most popular choice was a return rate of 30%, attracting 19.4% of the votes. Following closely, 19.1% of respondents believed the annual ROI of cryptocurrencies to be around 22%, while 22.2% of respondents predicted a more conservative estimate of 14%.
MicroStrategy, a software intelligence company co-founded by Saylor, is a major corporate investor in Bitcoin, steadily increasing its holdings in recent years. On Monday, the company purchased 2,138 bitcoins at a price of approximately 0.209 billion US dollars. As of December 29, MicroStrategy holds 446,400 bitcoins, equivalent to...

The USA's cryptocurrency industry expects Donald Trump to issue orders ahead of time.
The cryptocurrency industry urges Donald Trump's team to start the promised changes in cryptocurrency policy when he takes office next month. Industry officials say they hope he will use executive orders to make cryptocurrency more mainstream. According to Reuters, Trump plans to sign many executive orders and directives on his first day in office.

Christmas is one of the most exciting and heartwarming moments of the year. Whenever the holiday bells ring, we feel a thrilling joy. This Christmas, I received an incredible surprise gift that left me speechless.
From early morning, I couldn't wait in bed for the sound of the bells. When the bells rang, I put on a thick sweater and a Christmas hat, and immediately rushed down the stairs. The scene before me was simply breathtaking!
The entire living room is decorated like a fairy tale world, full of a brilliant Christmas atmosphere. The Christmas tree is covered with colorful flashing lights and beautiful trinkets, with each tiny Christmas ball shining with charming light. Various little snowmen, reindeer, and Santa Claus dolls are placed in every corner of the house, as if awakening the childlike innocence deep in my heart.
What surprises me even more is the pile of gifts under the Christmas tree. The small packages are decorated with ribbons and bows, emitting a charming scent. I can't wait to open the first gift, and inside is the book I have been eagerly expecting! This book not only satisfies my thirst for knowledge but also opens up a whole new world of adventure. Next, I open the next gift, and inside is a exquisite painting depicting my favorite scenery. Each gift fills me with joy, each gift is a special blessing.
In addition to gifts, this Christmas also brings a more precious gift - the wonderful time spent with family and friends. We share delicious food together, enjoy...

Have you noticed,
Whether or not a relationship will happen between men and women ultimately depends on women,
Actually, it mainly depends on women.
As long as a woman is willing,
a man can enter anytime, anywhere,
but if a woman does not want to,
even if a man tries his best,
Returning empty-handed from the city.
Men flirt with women,
If the woman does not respond,
Then basically there is no chance for the two.
No matter how hard a man tries,
No matter how sweet and persuasive the words are,
No matter how attentive and considerate he is,
If a woman does not take the initiative,
Two people could never have a later story.
At the beginning of a relationship,
women tend to be passive recipients.
Once there is a response,
That means the woman is trying to accept,
Slowly starting to approve the man in front of her,
So,
Do not think that a relationship has occurred between two people,
Saying that women are innocent,
they are forced by men,
In fact,
women are the true manipulators of this relationship.
She wants to be with you,
She will hint to you,
Respond to you,
She does not want to be with you,
You are just air in her eyes.
So most girls tend to meet scumbags or less ideal conditions, because nowadays girls follow their feelings and choose partners based on their own frequency of dating. Unfortunately, men who understand women are seldom understanding, and mature men may not necessarily attract you.