2024 is ending with a massive crypto crash and Bitcoin (BTC) losing its grip, falling back after a post-Trump-election rush. The air’s gone thinner, and the market drifts, strung between uncertainty and anticipation for 2025.
Some analysts argue that Trump doesn’t matter. Now that Blackrock and all the other investment firms have Bitcoin ETFs, they will try to pump Bitcoin for all it’s worth.
How true is this, and when will this crypto crash end?
Trump’s Boost Causes New Crypto Crash
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, still king of the crypto hill, sits at $92,700—down $15,000 from its December highs. A 120% yearly gain keeps the numbers shiny, but the recent drop has cooled the election-fueled frenzy.
Meanwhile, smaller players like Ether ($ETH) and Dogecoin ($DOGE) are stuck in neutral, failing to generate excitement. 99Bitcoin’s analysts point to shifting macroeconomic winds, with whispers of Fed rate cuts putting a drag on momentum.
President-elect Donald Trump has promised to bring a pro-crypto playbook to Washington, pushing ideas like softer rules and a national Bitcoin reserve. Compare that to Biden’s hawkish approach, and it’s clear the sector’s fortunes have swung wildly between the two administrations.
However, the initial euphoria surrounding Trump’s victory has waned as traders await more concrete measures after his inauguration on January 20, 2025. According to Chris Weston, head of research at Pepperstone Group, Bitcoin’s post-election momentum has slowed, noting that outflows from Bitcoin-focused exchange-traded funds (ETFs) suggest a cooling in speculative activity.
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MicroStrategy’s Bitcoin Buying Spree
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR https://t.co/58aXM7g6u2
— Michael Saylor (@saylor) December 30, 2024
Once a conventional software business, MicroStrategy Inc. has become Bitcoin’s institutional bulldozer. Between December 23 and 29, it snapped up 2,138 tokens, bringing its total haul to more than $40 billion.
Falling prices since December’s highs haven’t spooked the company—it’s doubling down. MicroStrategy aims to raise $42 billion via stock sales and debt offerings over the next three years, blitzing past two-thirds of that target in just two months. Their message is clear: they’re all in.
“MicroStrategy’s focus on Bitcoin continues to be a proxy strategy for institutional investors looking for exposure to the asset,” noted analysts.
While institutional players like MicroStrategy remain bullish, broader market sentiment is less certain. Hedge funds have been using strategies like convertible arbitrage to capitalize on MicroStrategy’s stock and bond volatility, reflecting a cautious but opportunistic outlook.
Additionally, as 2024 draws to close, crypto whales have been making significant moves, as seen with large inflows into centralized exchanges.
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What to Expect in 2025 After This Crypto Crash
There’s no law rhyme or reason for Bitcoin going up. The world has never seen anything like it. There’s no predicting it. If you try, you will most likely fail. It could easily go to $200,000 next year or $50,000 or both. It doesn’t matter. It’s something brand new outside of the current system.
These are the facts today:
There’s an extremely limited amount of cheap digital gold sitting around.
An extremely large amount of extra fiat, real estate, gold can be sold.
Everyone tries to predict the other’s move and not buy too soon or too late.
There’s a huge advantage to being right and moving first
There’s a huge disadvantage to being wrong and moving last
This dynamic is not stable. It’s unpredictable.
And as companies like MicroStrategy are proving, Bitcoin is not just a nice idea or an identity. Bitcoiners dedicate their lives to conquering big government and fighting for revolutionary free money. You can fight Bitcoin, but you can’t stop it.
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