Bostoncoin update Jan 2025
Crypto takes over the White House: happy new YEAH!
As the dawn starts in 2025, we see the shadows of past crypto problems shrinking and new light emerging. Along with price increases comes a change in US government and a new focus on crypto regulations. Like a dog with an old bone, let’s bury the past and dig into the new meat in the market.
BTC Overview
Bitcoin (BTC) achieved a significant milestone, surpassing the $100,000 mark on December 4, 2024, reaching a peak of $103,853. This achievement highlights the cryptocurrency market’s resilience and growth potential.
As an important psychological milestone, we expected that many investors would start to sell off at $100 000 and buy themselves new toys for Christmas, so there would be a natural small dip after the peak. If you have been holding since the cycle low of under $16,000 in November 2022, congratulations! If you have not, strap in and get ready for more growth in 2025.
What Is Influencing Market Movements
Politicians:
The new election of Donald Trump has broken the record set by Grover Cleveland in 1892. Until 2024, “super” Grover was the first and only US president to serve two non-consecutive terms. We will refrain from making jokes about a “puppet president”, because we only do dog puns here.
The new election also introduced a pro-crypto stance for the first time in the U.S. administration. DT’s promise to make the U.S. a global leader in crypto, along with plans to draft specific regulations and create a strategic Bitcoin reserve, has attracted more retail and institutional investors.
As with any politician, we love the promises but we can only bank on what actually occurs. We are cautiously optimistic that the USA can break new ground for crypto progress, and we also know that if they do not, someone else will.
Regulations:
The nomination of crypto-friendly Paul Atkins to lead the US Securities and Exchange Commission (SEC) signals a potential shift towards more favourable regulations for the crypto industry. This contrasts with the previously harsh regulatory stance under ousted SEC chair Gary Gensler.
We at the Boston puppy den have been awaiting regulatory clarity for almost a decade. In 2016, we broke barriers by being the world’s first crypto mutual fund, and the first crypto mutual fund to be listed on global investment aggregator, Morningstar.
Due to the lack of crypto regulations, we have stringently complied with regulations for stock markets and stock mutual funds. This should mean that we are yards ahead of others and will be readily able to transition into the new regulatory environment. Other players may have to start way at the back of the pack, which maintains our first-mover advantage over our competitors.
Institutions:
Bitcoin exchange-traded funds (ETFs) that were approved earlier in 2024 have continued to drive institutional interest. Notably, crypto investment products saw $1.98 billion in inflows during the week of November 3–9, pushing global assets under management to a record high of $116 billion.
New ETFs have been approved for Ethereum (ETH) and may be approved for other coins, including XRP, SOL and others. It will be interesting to see if traditional investors drive demand for new crypto ETFs and monofunds (investment funds with only one asset), or if demand increases for diversified crypto mutual funds (such as Bostoncoin or DARTcoin).
There is also the possibility that traditional Wall Street investors may jump the chasm and invest directly into cryptocurrencies, but we can assume that large institutions will try to avoid their clients going direct. One only has to look at the revenues of the top five fund managers to see that there is much money to be made by being the middleman or facilitator.
Notable Events and Standout Performers
– Ethereum (ETH): Ether investment funds have seen record net inflows of $2.2 billion in 2024, surpassing the cryptocurrency’s 2021 net inflow record. This reflects a dramatic turnaround in sentiment for ETH.
– Non-Fungible Tokens (NFTs): NFTs started December strongly, with Ethereum leading the top digital collectible blockchains in sales. The opening week of December recorded more than $187 million in weekly sales volume, continuing an upward trend that began in October.
– Cardano (ADA): ADA experienced a significant price increase, pumping 30% amid rumors involving Cardano’s founder and President Trump. This swift turnaround recovered nearly six months of losses in just one week.
What about MiCA?
– European Union: The European Union’s “Markets in Crypto-Assets” Regulation (MiCA) is set to come into effect on December 30, 2024, aiming to provide stringent guardrails for crypto activities. However, President Trump’s supportive stance on cryptocurrencies threatens to overshadow these incoming EU regulations, with companies like Binance indicating a refocus on the U.S. market.
– Stablecoins: There is ongoing uncertainty regarding the compliance of stablecoins like Tether (USDT) with MiCA regulations. While MiCA’s implementation phase is ending, there is a transitional 18-month phase allowing entities to continue operations under applicable laws in their jurisdictions.
Crypto Community Reactions
The crypto community has been abuzz with discussions and speculations, especially regarding the potential policy shifts under the new U.S. political administration.
The anticipation of more crypto-friendly regulations has fostered a bullish sentiment across various online platforms and forums. Memecoins have been going off like popcorn, with some rocketing up over 1000% in a matter of days, whilst others crash and burn in minutes. (Be safe and remember the 4-step COIN protocol.)
Projections for 2025
The convergence of political support, regulatory changes, and increased institutional investment has positioned the cryptocurrency market for potentially massive growth in 2025. Analysts predict that Bitcoin could reach new heights, with some estimates suggesting it may surpass $200,000 by the end of the year.
However, the inherent volatility of the crypto market necessitates cautious optimism. Investors are advised to maintain diversified portfolios and stay informed about regulatory changes and market dynamics to navigate the evolving landscape.
Especially for YOU
Whether you entered cryptopia in 2009, 2012, 2016, 2020 or just last week, we welcome you. Reach out if you need more information, education or resources. Most of our team have between 5-10 years of experience in crypto, and many more years in stocks, so we can help to give you perspective.
Crypto markets are around five times more volatile than traditional stock markets. This means that you can see your portfolio price rise 50% in a single day, or it may drop 80% overnight. Watching daily charts can make you feel seasick. Ignore the bobbing of the waves and keep an eye on the horizon for which you are heading.
In the rapidly-evolving world of crypto, it’s smart to stay informed on current news, it’s very wise to stay focused on the future, and essential to keep a light-hearted view along the way. Does anyone know any good puppy jokes?
For up to the minute education, be sure to check out the Cryllionaire Crypto Club, where you will find CEO and founder interviews with Boston CFO Jeremy Britton, and Boston CTO Kevin Wojton. These episodes play on Spotify, Apple Music, Youtube and a whole bunch of other networks.
How did we go this month?
Our performance has been up and down with the market. As BTC crossed $100k, this triggered both celebrations and selloffs as some people sold crypto to party or to purchase consumer goods. Bitcoin was as high as $104k then down to $92k, whilst altcoins jumped around a lot as well.
Bostoncoin
The flagship Bostoncoin fund is entering its tenth year, and we will probably celebrate his tenth birthday with some healthy snacks and a few high-fives (high-fours? Paws? We will get back to you on that!).
A decade ago, people used to think that crypto was bad, or made for bad people. Only the very brave or very foolish were investing into crypto back then, and it was a complicated and scary place. Thank goodness that times have changed
Some great performances from
SUI up 506%
XRP up 337%
XYO up 200%
LINK up 137%
As at Dec 31 2024
BOS Price AUD 97.9765971
BOS Price USD 60.893313
DART
We love our bombastic little boy who runs around like a paper kite. He has had some massive wins, a few “better luck next time” and happily, no losers.
As you know, it is crypto, and some coins can drop by half and many can disappear entirely. One or two coins may go down in the DART fund, but, importantly, in ten years, we have never had a coin go to zero.
Great gains from DART investments for 2024
Mantra up 6449%
Pendle up 485%
TRON up 258%
Superverse up 254%
As at Dec 31 2024
DART Price AUD 272.5260411198
DART Price USD 169.3774
For those playing at home, yes, we do take profits where we can. We sell off a few coins after big gains, to redeploy capital into other areas. We may keep a few coins just in case it goes up again from where it peaked. In this example, when Mantra rose from a few cents to over $4, we sold down half to take profits, and may sell another 25% soon.
Remember that if you buy XYZ for $1 and it goes to $20, you can sell half of it, and let the rest ride. There is really nothing to lose when you are playing with “house money”.
POLLY
Our beloved little girl may be expecting some company in 2025, so hold on for exciting news of upcoming fund launches.
If you have friends who have avoided cryptocurrency thus far because of cultural or religious beliefs, please let us know.
Among our new funds for 2025 and 2026, we aim to have tailored crypto-fund options for devout Hindus, Muslims, Buddhists, Jews, and others. Cryptopia is an accepting and inclusive land where all are welcome.
For now, POLLY ticks along and does her best to stay stable in choppy markets. She was down a little in October but then bounced back in November and December and outperformed the S&P500 Stock market index by over 30%, so that was nice
As at Dec 31 2024
POLLY Price AUD 171.5448567086
POLLY Price USD 106.65031
All of us here at the Boston HQ wish you a wonderful 2025. Please keep sending us feedback on what you want: we are here to serve you and your friends.
Chat soon
