Weekly Economic Expectations:
| Date | Time | Currency | Event | Expectation | Previously Announced Data |
|---|---|---|---|---|---|
| December 10, Tuesday | 10:00 | TRY | Turkey Unemployment Rate (Monthly) | 8.6% | |
| December 10, Tuesday | BTC | Microsoft Board of Directors vote on investing in Bitcoin | |||
| December 11, Wednesday | 16:30 | USD | Consumer Price Index (CPI) (Yearly) (Nov) | 2.6% | |
| December 12, Thursday | 16:15 | EUR | Eurozone Interest Rate Decision | 3.40% |
Trump’s Support Message for Bitcoin
Bitcoin has made history in the cryptocurrency world by surpassing the $100,000 mark for the first time. Last week, Bitcoin soared to $104,000, setting a new record and delighting investors. This major leap has not only caused a stir in the crypto world but also in the political arena.
Former U.S. President Donald Trump celebrated this historic moment on his social media platform, Truth Social. In his statement, Trump said:
“CONGRATULATIONS BITCOIN FANS! $100,000! LOVE YOU ALL! Together, we’ll Make America Great Again!”
This announcement has been interpreted as a sign of Trump possibly adopting a more positive stance on cryptocurrencies and blockchain technology. Notably, the nomination of blockchain advocate Paul Atkins for the position of SEC chairman has emerged as a factor boosting market confidence.
Analysts predict that these developments could herald a new period of growth not only for Bitcoin but for all blockchain-based assets.
Iran’s New Step Towards Cryptocurrency Regulations
Iran is joining the global trend of cryptocurrency regulations with a new perspective. Iranian Finance Minister Abdolnaser Hemmati announced that the government has opted to regulate rather than restrict cryptocurrency use. This declaration marks a significant departure from Iran’s earlier strict and prohibitive policies regarding cryptocurrencies.
In the past, Iran was known for its restrictive stance on cryptocurrencies but had taken a controlled regulatory approach to mining activities. Now, with a comprehensive shift, the country is preparing to address cryptocurrencies within a broader framework.
Minister Hemmati stated, “Our goal is to mitigate the harmful effects of cryptocurrencies while fostering opportunities for young entrepreneurs and reducing unemployment.” This new strategy aims not only for financial but also societal transformation.
Iran’s new plan also involves keeping cryptocurrencies under the control of the Central Bank of Iran. This move aims to bring order to the economy and leverage cryptocurrencies to circumvent U.S. sanctions. Hemmati emphasized that these regulations would position Iran as a more active and influential player in the cryptocurrency ecosystem.
Bitcoin Investment Request from Amazon Shareholders
Amazon shareholders have requested that the company consider the possibility of investing in Bitcoin. This proposal is expected to be discussed at the 2025 Amazon Annual Shareholders Meeting.
Shareholders highlight the successful implementation of Bitcoin investments by other major companies. For instance, MicroStrategy has significantly profited by adding Bitcoin to its balance sheet. Similarly, technology giants such as Tesla and Block have diversified their financial strategies through Bitcoin investments.
With major Amazon shareholders like BlackRock and Fidelity beginning to offer Bitcoin products to their clients, this move indicates the rising trend of Bitcoin in the corporate world.
Proponents suggest that Amazon could allocate as little as 5% of its balance sheet to Bitcoin to develop a mechanism against inflation.
Worksport Plans $5 Million Investment in Bitcoin and XRP
U.S.-based publicly traded auto parts company Worksport has announced plans to invest a total of $5 million in BTC and XRP. The company aims to diversify its assets and enhance transaction efficiency with this move, demonstrating its confidence in cryptocurrencies and its intent to seize opportunities in the digital finance world.
Worksport stated that it views Bitcoin and XRP investments as long-term value preservation tools and a mechanism against inflation. This strategic step reflects the company’s goal to strengthen its financial structure and adapt to modern investment instruments.
BTC:
While Bitcoin has surpassed the $100,000 level in the spot market, it has yet to maintain stability at this level. We will closely follow the decision on Bitcoin investment to be announced by Microsoft’s Board of Directors on Tuesday. This critical decision could increase volatility in the crypto markets. A favorable decision from Microsoft could make Bitcoin a more attractive investment tool for traditional companies and financial institutions.
Analyzing Bitcoin according to ITB data:
According to the analysis, 98% of Bitcoin investors are currently in profit. This high percentage indicates a general trend of gains in the market and shows that the majority of investors are satisfied with the current price levels. The percentage of investors at a loss is at 0%, creating a positive atmosphere for the market.
Large investors, known as “whales,” have a significant influence on the Bitcoin market. According to ITB data, whale transaction volumes have risen to $231.63 billion.
ITB analyses indicate “4 neutral”, “0 bullish”, and “1 bearish” market sentiment for Bitcoin. These figures reflect a cautious approach among investors, suggesting that the market could move in either direction.
Wishing you a profitable week ahead! 📊
“The investment information and comments included in this research report do not constitute investment advice.”
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