Bostoncoin update Feb 2025
Big news, and all are welcome
The new year 2025 is off to a great start. Bitcoin has set new records, new rules are coming to protect investors, traditional financial institutions continue to get into crypto, and new funds are coming to the Boston puppy pack.
But first: a Rabbi, a Muslim, a Buddhist, a Hindu and a crypto hedge fund manager walk into a bar… The bartender looks up and says, “What is this, a joke?”
Unlike our regular puppy puns, this is not a joke. Read on for more about our exciting multicultural initiatives.
Bitcoin’s Record-Breaking Surge
On January 20, 2025, Bitcoin (BTC) achieved a new all-time high, briefly surpassing $109,000. This milestone occurred just before Donald Trump’s inauguration as the 47th President of the United States. The anticipation of Trump’s pro-crypto policies, including discussions about establishing a strategic Bitcoin reserve for the U.S., contributed to this price surge.
Institutional Investments and Bitcoin ETFs
Institutional interest in Bitcoin has continued to grow. MicroStrategy (NASDAQ: MSTR), a prominent corporate Bitcoin holder, announced the acquisition of an additional 1,070 BTC between December 30 and 31, 2024, at an average price of approximately $94,004 per Bitcoin. This purchase brought the company’s total holdings to 447,470 BTC, accounting for about 2.1% of all Bitcoin that will ever exist.
Additionally, Bitcoin exchange-traded funds (ETFs) saw significant inflows. From January 1 to 24, 2025, Bitcoin ETFs accounted for 6% of all ETF inflows, amassing over $4.2 billion in investments. Notably, BlackRock’s IBIT ranked as the 31st-largest ETF in the entire world.
In brief, the largest ETF investment market capitalisation runs like this: gold, world stocks, world bonds, Bitcoin, US treasuries, silver, US stocks, and then everything else. Yes, BTC is more valuable than all the silver in the world and has been slowly catching up with the value of Apple, Microsoft and NVIDIA. Can you say “mainstream adoption”?
Regulations in Europe
The European Union’s Markets in Crypto-Assets (MiCA) regulation led to significant changes in the crypto landscape. To comply with MiCA, exchanges like Crypto.com and Kraken announced plans to delist Tether’s USDT (USDT) and other stablecoins in Europe.
Crypto.com scheduled the suspension of USDT and nine other tokens starting January 31, 2025, with full delisting by March 31. Kraken also planned to fully delist USDT and four other stablecoins in Europe by March 31.
Tether expressed disappointment over these developments, emphasising concerns that such actions could lead to a “disorderly” market and pose risks to EU consumers. Perhaps Tether should have thought of that when they decided not to show their asset holdings for the last ten years…
Luckily, some asset managers practice radical transparency, so you know you are OK. Remember that you can see your complete portfolio holdings on BostonTrading.co 24 hours a day. We have nothing to hide, and we are proud to be open with you and your friends.
Regulations in the USA
In the United States, significant regulatory changes are underway. Paul Atkins, co-chair of the Token Alliance, is nominated to replace Gary Gensler as chair of the Securities and Exchange Commission (SEC). This nomination signalled a potential shift toward a more crypto-friendly regulatory environment, with expectations of increased clarity and a decrease in enforcement-driven regulation.
Market Analysis and Trends
Throughout January 2025, Bitcoin and other major cryptocurrencies exhibited notable price movements. Analysts observed that while institutions were accumulating Bitcoin, retail investors appeared to be taking profits.
Onchain data indicates that retail investors sent 6,000 BTC to exchanges in January, whereas institutional Bitcoin whales remained relatively neutral with modest inflows of 1,000 BTC.
WARNING: avoid selling your crypto when institutions are buying. This is like handing over your power and destiny to the big banks. Hold out, if not to the death, at least to the million-dollar mark
The outlook for February 2025 is closely tied to upcoming economic data, particularly the labour market report due on February 7. A weakening labour market could strengthen the case for interest rate cuts, potentially creating a more supportive environment for crypto.
Remember what happened to crypto prices when interest rates were cut in early 2020… However, a strong labour market might reduce the likelihood of rate cuts, possibly leading to a short-term pullback in crypto.
Security Incidents
In January 2025, hackers stole over $73 million across 19 incidents. This was 44% fewer fund hacks than in January last year, so hopefully, people are learning to be more wary and double-checking suspicious emails and texts.
Be sure to look at cold storage devices, 2-Factor Authentication (2FA) and secure email. If you want to check your standards and learn to outsmart the hackers, get in touch with support@bostontrading.co
Memecoin Developments
The memecoin market saw notable activity in January, with Elon Musk’s father, Errol Musk, launching a memecoin project called “Musk It” (MUSKIT). He aimed to raise $200 million to support a for-profit think tank named the Musk Institute.
The Musk nepotism initiative followed the billions raised from memecoins associated with the Trump family. Trump & Melania coins rose like rockets and then crashed, leaving issuers richer, but investors disappointed.
Those of you with a modicum of intelligence may realise that a savvy business owner ought to raise funds by issuing stock, debt or equity in a legitimate and valuable company that solves problems, helps people and makes money for its investors. Raising funds from scammy or worthless memecoins gives an idea that the end project will also be worthless. If multi-billionaire Elon won’t give his dad $200M, a figure that would be one-two-thousandth of Elon’s net worth, then why would you give Musk-Daddy a dollar?
The Bostoncoin CEO and CFO were in Davos, Switzerland for the World Economic Forum (WEF) in January. We played in the snow, took a lot of photos and enjoyed Swiss chocolate and Swiss cheese. We also met with many hedge fund managers, VC firms, politicians, founders of crypto projects and government regulators. You can see some of our Davos photos and videos on Linkedin and Facebook.
Interestingly, the same EU regulators who found USDT non-compliant also stated that the Trump and Melania coins were non-compliant with EU MiCA regulations. There was discussion that if Trump arrived at Davos, he could face arrest by EU authorities. We cannot comment on whether the EU could enforce regulations on a US president, but we look forward to the day when there are significantly fewer worthless memecoins.
Welcome News in Cryptopia
As BostonTrading.co moves into its tenth year of business, we are making some changes. Our fees have been unchanged for a decade and will rise slightly. The new fees will be the same 2% MER that has been there since 2016, plus an additional fee from excess profits if the fund performs above its benchmark.
For example, if the fund returns 30%, the fee would still be the same 2%, and you would receive 28% after fees. If the fund outperforms and returns 100%, the management plus performance fee would total 12%, and investors would receive 88% after fees. The change requires no action from you, as fees are taken from the fund before investors are paid.
The new fee structure moves Bostoncoin funds away from unmanaged index fund fees and puts the pricing more in line with professionally managed Wall Street hedge funds.
There are also some new funds on offer, as we welcome more friends to the crypto table.
In the past, some investors have been unable to invest in crypto because of restrictions of their culture. We decided to help out so that people of every race, religion and creed can invest in crypto safely and securely.
In addition to our three existing funds, we introduce three new specialised funds to accommodate investors within their religious or cultural guidelines.
You already know BostonTrading.co as the creators of the world’s first crypto mutual fund, the first diversified crypto fund, and the first crypto fund listed on Morningstar.
We now announce the world’s first Halal crypto fund, the world’s first Kosher crypto fund, and the world’s first Sanata Dharam crypto fund. Welcome to the table, new friends! Crypto is for you and crypto is for everyone.
- Bostoncoin (BOS): our flagship diversified quasi-index crypto mutual fund. BOS is in its tenth year and has outperformed BTC for eight years.
- DARTcoin (DART): our higher-risk, diversified inverse-index crypto mutual fund. DART is in its fifth year, and has outperformed BTC for five years.
- POLLYcoin AI (POLLY): a lower-risk artificial intelligence algorithm crypto fund. POLLY is in its fifth year, and aiming for returns above cash rates over 1-2 years.
- RAFAH (RAFAH): the world’s first Halal crypto fund. Shariah-compliant and suitable for Muslims.
- OYSHER (OYSH): the world’s first Kosher crypto fund. Halachic-compliant and suitable for Jews.
- ASHIRVAD (ASHIR): the world’s first Sanata Dharma crypto fund. Ahimsa & Sattvic; suitable for Hindus & Buddhists.
No, it is not a joke. A Rabbi, a Muslim, a Buddhist, a Hindu, and a crypto hedge fund manager walk into a bar… They all drink orange juice, chat together, and discuss how much they love cryptocurrency. There are now crypto funds that cater to everyone, and everyone is happy.
Those who invest in traditional crypto funds also find themselves smiling as they realise the old adages, “The more, the merrier”, and “A rising tide floats all boats”. We look forward to welcoming more friends to the crypto conclave and seeing more diversity in the puppy pack.
(Unit prices and charts in your free monthly newsletter. Be sure to subscribe and whitelist emails from bostontrading.co)
See you next month
JB
PS — Bonus for the wordsmiths:
Rafah (رفاه) refers to well-being and prosperity, but without excess riches or too much luxury, eg. رفاه المجتمع مهم للنمو الاقتصادي. (Rafah al-mujtama‘ muhim lil-numu al-iqtisadi.) “The well-being of society is important for economic growth.”
Oysher (אושר) refers to abundance, inner happiness and spiritual well-being, as distinct from Osher (עושר), which refers mainly to just financial and material wealth.
Ashirvad (आशीर्वाद ) refers to a blessing for goodwill, ethical growth with divine blessings, wealth with responsibility to benefit others, or long-term prosperity.
An enclave is a territory surrounded by another state, such as the hole inside a doughnut, Vatican City (a country entirely surrounded by Italy) or “Chinatown” inside of a major Western city. A conclave is a private meeting or assembly to discuss important matters, such as deciding on a new leader, or voting on a secret ballot.
Price update as at Jan 31 2025:
BOS Price AUD 90.5072002027
BOS Price USD 56.60536
DART Price AUD 209.38062
DART Price USD 131.1939019203
POLLY Price AUD 212.6948792889
POLLY Price USD 133.18039
BOS is down slightly for the year (-11%), but over two years, it is up 138%, and over five years, it is up 264.4%. The importance of playing the longer game 🙂
DART is up 10% for the year. Over two years up 180% and over four years 209%. Hang in there 🙂
As POLLY was changed from stablecoins to AI in late 2024, her results are too early to measure.
