Abra的动态

In today’s Crypto for Advisors newsletter, Marissa Kim from Abra Capital Management looks at the growth of treasuries adopting bitcoin as a reserve asset. Then, Peter Gaffney shares his recent experience and conversations from a recent risk conference in Ask an Expert. #digitalassets #treasuries #bitcoin

Bitcoin’s Latest Performance and Value Drivers Bitcoin rose 2.5% in the seasonally weak Q3 as the asset bounced back from a decline in Q2. Bitcoin is still the best-performing asset/asset class this year, up 49.2%, but 2024 continues to be a banner year, again, for many asset classes. The emergence of large holders either selling or distributing bitcoins put a damper on Bitcoin this quarter. The spot ETFs continued to add to their bitcoin balances during the quarter, adding $4.3B worth to their custody balances. Led by MicroStrategy, a small but growing cadre of public companies continues to add Bitcoin to their balance sheets during the quarter. Reports of BNY Mellon’s SAB 121 exemption have reignited in the industry amongst traditional financial players. The US presidential election is front and center for bitcoin investors, but whichever candidate wins will be a net positive for the industry. Most of the large seller overhangs are now behind us except for governmental holdings and the final Mt Gox repayments, which may take some time.?By: Greg Cipolaro, Global Head of Research at NYDIG #Bitcoin #election #bitcoininvestors #investors #ETFs #BNYMellon #asset #Microstrategy #publiccompanies

?? Breaking News: Bitcoin Achieves Historic $90,000 Milestone In a remarkable display of market momentum, Bitcoin has reached an unprecedented high of $90,000, marking a pivotal moment in the digital asset space. Key Metrics to Consider: ? Bitcoin Market Cap: $1.76 Trillion ? Wall Street Surge: $2.9T single-day volume ? Institutional Adoption: Accelerating Market Analysis: The convergence of institutional investment, renewed political dynamics with Trump's market influence, and traditional finance's growing acceptance of digital assets has created a unique economic environment. Industry Implications: ?? Financial Services: Traditional banks are rapidly adapting their digital asset strategies ?? Corporate Treasury: More Fortune 500 companies are considering Bitcoin as a treasury asset ?? Global Markets: The lines between traditional and digital finance continue to blur The Question for Business Leaders: Are we witnessing a fundamental shift in how institutional capital views digital assets? How is your organization preparing for this potential paradigm shift in global finance? ?? Perspective: This isn't just about price action - it's about the evolution of our financial system and the role of digital assets in corporate strategy. Would love to hear your thoughts on how this development might impact your industry. #DigitalTransformation #FinancialInnovation #Bitcoin #CorporateStrategy #InstitutionalInvestment #FinTech

?? Why Corporations Are Banking on Bitcoin for Treasury Management ?? Over the last four years, there's been a paradigm shift in how public and private companies perceive Bitcoin. Once the preserve of crypto-native companies, Bitcoin is now being adopted by mainstream corporations as a crucial treasury asset. ?? Key Drivers: ?? Proposed legislation by U.S. Senator Cynthia Lummis advocates for the Treasury to acquire 1 billion bitcoins over five years, boosting Bitcoin's legitimacy. ?? Companies like MicroStrategy lead with significant Bitcoin holdings, with corporate control over 4% of Bitcoin, worth $50B. ?? Bitcoin combats inflationary pressures better than traditional reserves, like cash or bonds, given the continuous devaluation of the U.S. dollar ??. ?? Its fixed supply of 21 million prevents dilution, outshining even gold. ?? Risk Management & Strategic Use: ?? While volatile, its risks are managed by holding for the long-term to mitigate impact on financial statements. ?? Provides a hedge against geopolitical risks and inflation. ?? Used by different entities: family offices, SMBs, and non-profits, diversifying its applications across sectors ??. Bitcoin's expanding role as a corporate treasury asset signals a broader acceptance and integration into financial strategies. As we move into this new financial era, are we witnessing a fundamental change in how businesses approach digital assets? ?? #Bitcoin #Crypto #CorporateTreasury #DigitalAssets #FinanceRevolution #InflationHedge ?? What are your thoughts on Bitcoin as a treasury asset? Have you or your company considered it? ?? Share your insights! Read more: https://lnkd.in/e83mexMY

Corporate Bitcoin Adoption: A Strategic Shift in Treasury Management As inflation erodes the value of cash reserves, more corporations are turning to Bitcoin as a strategic asset. The U.S. M2 money supply grows by 8% annually, leading to significant losses for companies holding traditional assets like Treasury bills. For instance, Berkshire Hathaway’s $276.9 billion in cash and Treasury holdings could be losing $22 billion a year due to inflation. With the SEC classifying Bitcoin as a commodity, companies can now hold it without being restricted by the Investment Company Act of 1940's 40% cap on securities. This has led to remarkable gains for early adopters like MicroStrategy, whose stock has surged 995% since embracing Bitcoin as its primary reserve asset. As more companies recognize Bitcoin’s potential to protect and grow their assets, we’re likely to see a surge in corporate adoption. This strategic shift could push Bitcoin’s value to new heights, solidifying its place in the future of corporate finance. #Bitcoin #mstr

"Over most four year periods, including most recently, Bitcoin has been the dominant performer across asset classes. Its annualized returns surpassed traditional investments by significant margins, outperforming U.S. large-cap equities, bond market funds, cash equivalents, and gold by more than 40%. This outperformance becomes even more striking when examined over longer time horizons. This exceptional performance has fundamentally altered the investment landscape. Institutional investors have been compelled to recognize Bitcoin as a legitimate asset class, leading to a widespread reassessment of traditional investment benchmarks and opportunity costs. As Bitcoin continues to demonstrate superior long-term returns, we observe a growing trend of capital migration. Fund managers, individual investors, and limited partners increasingly redirect their investments from underperforming traditional assets toward Bitcoin allocations. When denominating major asset classes such as the S&P 500 (SPY), bonds, cash equivalents, and gold in Bitcoin rather than dollars, a stark reality emerges: these traditional investments have experienced substantial value deterioration relative to Bitcoin. This perspective transformation suggests that investors should reconsider their fundamental approach to portfolio construction, potentially viewing Bitcoin not merely as an alternative asset, but as their primary investment benchmark." Download the full report below... https://lnkd.in/gmjrZ5RU

BlackRock has recommended a 1% to 2% allocation to Bitcoin in multi-asset portfolios, framing it as a strategic starting point for investors seeking diverse sources of risk. The asset manager notes that a small Bitcoin weighting may operate as a separate risk driver in a balanced allocation, but warns that beyond 2%, Bitcoin's inherent volatility could overshadow other components. BlackRock's analysis shows that Bitcoin's market capitalization is smaller, its utility differs, and its fundamental drivers do not resemble corporate revenue streams, but its overall risk contributions resemble those of a portfolio heavily concentrated in a single prominent equity holding. The firm emphasizes measured sizing to maintain stable portfolio risk parameters and provides a framework for investors considering incremental Bitcoin exposure.

Bitcoin recently surged to nearly $90,000, fueled by increased institutional investment and positive regulatory developments. This new high reflects growing confidence in Bitcoin as a resilient asset amid ongoing economic uncertainties. Analysts highlight that this rally is also supported by expectations of favorable U.S. policies and the potential for spot Bitcoin ETFs, which could further legitimize Bitcoin in traditional financial markets. From a Web3 marketing perspective, this milestone is an opportunity to capitalize on growing institutional interest by reinforcing Bitcoin’s narrative as a safe-haven asset. This rally underscores Bitcoin’s appeal beyond retail investment, suggesting a shift toward broader adoption among major players. However, sustained growth will rely on strategic outreach that educates stakeholders on the long-term value of digital assets, beyond market peaks, to build confidence and drive future innovation in the industry. Sharing my reading here: https://lnkd.in/gTMhHKC9

A year ago, Bitcoin was trading below $40K, and many believed they’d missed the opportunity. I’ve heard the same sentiment when Bitcoin was $300, $1,000, $10,000—and I’ll likely hear it again when it reaches $100,000. The truth is, it’s not about timing the market but consistently building your position. Focus on owning more Bitcoin this month than you did last month. This principle isn’t limited to crypto—it applies to traditional assets and stocks too. Commit to steady accumulation over four years, and you’ll see that you were never too late to start. https://lnkd.in/gBkSTVrT #Bitcoin #BTC #Investing #Stocks #CBDC

??????????????????????????: ?? ???????????? ?????????????????????? ???? ?????????????????? ???? ?????????????? ?? ‘???????? ????’ ???? ‘???????? ??????’ ??????????? ????????’?? ?????? ???? ?????? ???????? ?????????????????? ?????????????????? ?????? ?????????????? ?????? ???? ???? ???????? ???????????????? ?????????????????? ???? ?????????????? ?????? ?????? ?????????? ????????. ?????? ????????????, ???? ??????????????, ???? ???????? ??????????????’?? ???????????? ???????????? ?????????? ???? ???????????????????? ?????? ???????? ?????? ???????? ?????????? ?????????????????????? ?????????????? ????????????????????, ?????? ???????? ??????????????’?? ????????-???????? ???????????? ?????????????? ?????? ?????????????????????????? ???????????????????????? ???????? ?????????? ?????????????? ???? ?????????????????? ??????????????. ?????????? ?????????????? ?????? ???????? ???????????????? ?????? ?????? ???????? ?????????? ???????????????? ???? ????-?????????????????? ???????? ???????????????? (???????????????????????? ???????????? ???????????????? ???? ?????????? ???????????? ???? ??.??. ???????????? ???????? ???????????????? ?????????? ???? ??????????????????), ??????????????’?? ????????-???????? ?????????????????????? ???? ???????????????? ?????? ?????????? ?????? ???????? ?????? ?????? ?????? ????????-???????? ???????????????????? ?????????????? ???????? ???????? ???????????? ???????????? ???????? ?????? ?????????? ?????????? ??????????????. ???????? ???????????????? ???????? ????????????????, ???? ?????????????? ??????????????’?? ???????????????? ?????????????? ?????? ???????????? ???? ???? ???????????????? ????????, ?????? ???? ???????? ?????????? ???????????????? ????????, ?????? ???????????? ?????????? ?????????????? ???????? ?????????? ???????? ?????????????????????? ?????????????????? ????????????. ???? ???????? ??????????, ???? ???????? ???? ?????????????? ???????? ??????????????. Amazing report from Samara Epstein Cohen Robert Mitchnick and Russ Brownback Lets start thinking different Alfredo Joaquim José Krista Francisca Teresa Marc Covadonga Almudena Daniela