K33 analysts argue that 2025 will be different from prior summer lulls, with multiple Trump-driven catalysts on the horizon.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The thesis rests on Canaan’s vertically integrated model, combining high-performance ASIC development with the expansion of its proprietary bitcoin mining operations.
Hougan remains optimistic on crypto prices this year if the U.S. Congress can get stablecoin and market structure bills passed.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The brokerage's management team said April generated about $8 billion in crypto volume, which was below the $15 billion monthly average in Q1.
MSTR announced a bold “42/42 Plan” to raise $84 billion by 2027 to significantly expand its bitcoin holdings.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The analysts said a new at-the-market program from Strategy following its Q1 earnings on Thursday would also bolster a bullish outlook.
Hougan also predicted the Bitcoin ETFs will generate record net inflows by the end of 2025 as remaining barriers to adoption begin to fall.
"Hard to be bearish, in our view, on this asset with the current demand-supply dynamics," the Bernstein analysts said.
Digital assets are becoming an emerging safe haven amid concerns over the impact of U.S. tariffs, Head of Research James Butterfill said.
Senior Research Analyst Mark Palmer cited potential digital asset legislation in the U.S. as a catalyst for a new wave of crypto demand.
Sentiment toward the asset class remains mixed but is showing "signs of recovery," Head of Research James Butterfill said.
However, crypto prices may find a floor in mid-to-late Q2 — setting up a better Q3 — Head of Research David Duong said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Despite President Trump's tariff turmoil in recent weeks, bitcoin has effectively been flat over the past month, Hougan noted.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Trump's tariff activity continues to weigh on sentiment toward the asset class, Head of Research James Butterfill said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Analysts said a bitcoin buying opportunity has emerged after some clarity from President's Trump's tariff policies.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
President Trump is expected to announce large-scale tariffs, including reciprocal tariffs, later on Wednesday.
Robinhood wants to offer higher-end private banking and wealth management services at a more accessible cost, using crypto and AI.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
If Trump softens his stance, crypto markets could rise, but a tough approach may lead to a sharp decline, the analysts said.
Alternatively, an elongated bear market could see Strategy's bitcoin stack stagnate, with some of its holdings liquidated, the analysts said.
Standard Chartered’s hypothetical ‘Mag 7B’ index, with bitcoin replacing Tesla, delivered higher returns than the original lineup.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Net inflows were recorded every day last week — signaling a "decisive shift in sentiment," Head of Research James Butterfill said.