Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.

Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said.

"As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.

A <a href="https://www.coindesk.com/learn/what-is-a-stablecoin" target="_blank">stablecoin</a> is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

The catalyst for this surge in adoption will be U.S. regulation of stablecoins, the authors said, adding that cross-border payments and FX-equivalent transactions are key areas of growth.

Three bills were brought forward during Joe Biden's administration but scant progress was made, the report noted, adding that more success on the regulatory front is expected when Donald Trump's administration takes over in early 2025.

Bernstein said that stablecoins were becoming more important to the global financial system, and constitute the 18th-largest holder of U.S. Treasuries, the broker said in a research report in September.

Read more: <a href="https://www.coindesk.com/markets/2024/09/19/stablecoins-are-becoming-systemically-important-bernstein-says" target="_blank">Stablecoins Are Becoming Systemically Important, Bernstein Says</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant <a href="https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain" target="_blank">Mastercard</a> said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: <a href="https://www.coindesk.com/business/2024/07/12/partior-blockchain-payment-network-backed-by-jpmorgan-and-dbs-raises-60m-series-b" target="_blank">Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant <a href="https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain" target="_blank">Mastercard</a> said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: <a href="https://www.coindesk.com/business/2024/07/12/partior-blockchain-payment-network-backed-by-jpmorgan-and-dbs-raises-60m-series-b" target="_blank">Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant <a href="https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain" target="_blank">Mastercard</a> said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: <a href="https://www.coindesk.com/business/2024/07/12/partior-blockchain-payment-network-backed-by-jpmorgan-and-dbs-raises-60m-series-b" target="_blank">Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant <a href="https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain" target="_blank">Mastercard</a> said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: <a href="https://www.coindesk.com/business/2024/07/12/partior-blockchain-payment-network-backed-by-jpmorgan-and-dbs-raises-60m-series-b" target="_blank">Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant <a href="https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain" target="_blank">Mastercard</a> said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: <a href="https://www.coindesk.com/business/2024/07/12/partior-blockchain-payment-network-backed-by-jpmorgan-and-dbs-raises-60m-series-b" target="_blank">Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant <a href="https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain" target="_blank">Mastercard</a> said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: <a href="https://www.coindesk.com/business/2024/07/12/partior-blockchain-payment-network-backed-by-jpmorgan-and-dbs-raises-60m-series-b" target="_blank">Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant <a href="https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain" target="_blank">Mastercard</a> said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: <a href="https://www.coindesk.com/business/2024/07/12/partior-blockchain-payment-network-backed-by-jpmorgan-and-dbs-raises-60m-series-b" target="_blank">Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B</a>

The bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: <a href="https://www.coindesk.com/markets/2024/11/27/short-term-bitcoin-holders-have-moved-nearly-8-b-worth-of-btc-to-exchanges-signaling-price-bottom-van-straten" target="_blank">Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten</a>

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant <a href="https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain" target="_blank">Mastercard</a> said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: <a href="https://www.coindesk.com/business/2024/07/12/partior-blockchain-payment-network-backed-by-jpmorgan-and-dbs-raises-60m-series-b" target="_blank">Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B</a>

The bitcoin (BTC) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant Mastercard said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B

The bitcoin (BTC) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.

Galaxy said bitcoin will continue to rise for several reasons.

Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.

It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.

Still, the bitcoin setup over the next two years "appears unique and bullish," the analyst wrote.

The options market positioning is also bullish, the report noted.

The launch of bitcoin exchange-traded fund (ETF) options could result in greater liquidity and potentially lower volatility, Galaxy said. This could entice larger institutions to enter the market while spurring retail demand.

Bitcoin was trading about 2.8% higher at around $94,600 at publication time, while the broader digital assets index, CoinDesk20 (CD 20), was up more than 3%.

Read more: Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant Mastercard said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday.

The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said.

Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant Mastercard said it was linking up with JPMorgan for cross-border payments on the blockchain.

Deutsche Bank will also join Partior's platform as a euro and U.S. dollar settlement bank.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency," said Patricia Sullivan, global head of institutional cash management at Deutsche Bank, in the release.

Partior was founded in 2021 and is backed by DBS Bank, JPMorgan, Standard Chartered, Temasek and Peak XV. Other investors include Jump Trading and Valor Capital Group.

The platform currently supports U.S. dollar, euro and Singapore dollar payments, with plans to add additional currencies as the global network expands.

Read more: Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B

MicroStrategy's (MSTR) bitcoin (BTC) treasury model is unparalleled and the company is expected to attract billions of dollars of investment into the world's largest cryptocurrency, broker Bernstein said in a research report Monday.

Bernstein raised its MicroStrategy price target to $600 from $290 while maintaining its outperform rating on the stock. Rival broker Canaccord raised its price target to $510 from $300 and reiterated its buy rating.

The shares were trading over 6% higher at around $448 in early trading.

Bernstein said it expects MicroStrategy to own 4% of the world's bitcoin supply by 2033. It currently has 1.7%.

The company founded by Michael Saylor said last month that it planned to buy a further $42 billion of bitcoin over the next three years.

"We believe bitcoin is in a structural bull market with conducive regulation and U.S. government support, institutional adoption and favorable macro," analysts led by Gautam Chhugani wrote.

Broker Canaccord is also bullish about MicroStrategy's outlook, and it said it used a new methodology to value the stock.

"Traditional P&L earnings metrics no longer really apply to MSTR, given the company's software business only accounts for a single-digit percentage of current enterprise value," analysts led by Joseph Vafi wrote, adding that "dollarized BTC accretion per shares captures everything going on at MSTR."

Read more: MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation

MicroStrategy's (MSTR) bitcoin (BTC) treasury model is unparalleled and the company is expected to attract billions of dollars of investment into the world's largest cryptocurrency, broker Bernstein said in a research report Monday.

Bernstein raised its MicroStrategy price target to $600 from $290 while maintaining its outperform rating on the stock. Rival broker Canaccord raised its price target to $510 from $300 and reiterated its buy rating.

The shares were trading over 6% higher at around $448 in early trading.

Bernstein said it expects MicroStrategy to own 4% of the world's bitcoin supply by 2033. It currently has 1.7%.

The company founded by Michael Saylor said last month that it planned to buy a further $42 billion of bitcoin over the next three years.

"We believe bitcoin is in a structural bull market with conducive regulation and U.S. government support, institutional adoption and favorable macro," analysts led by Gautam Chhugani wrote.

Broker Canaccord is also bullish about MicroStrategy's outlook, and it said it used a new methodology to value the stock.

"Traditional P&L earnings metrics no longer really apply to MSTR, given the company's software business only accounts for a single-digit percentage of current enterprise value," analysts led by Joseph Vafi wrote, adding that "dollarized BTC accretion per shares captures everything going on at MSTR."

Read more: MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation

MicroStrategy's (MSTR) bitcoin (BTC) treasury model is unparalleled and the company is expected to attract billions of dollars of investment into the world's largest cryptocurrency, broker Bernstein said in a research report Monday.

Bernstein raised its MicroStrategy price target to $600 from $290 while maintaining its outperform rating on the stock. Rival broker Canaccord raised its price target to $510 from $300 and reiterated its buy rating.

The shares were trading over 6% higher at around $448 in early trading.

Bernstein said it expects MicroStrategy to own 4% of the world's bitcoin supply by 2033. It currently has 1.7%.

The company founded by Michael Saylor said last month that it planned to buy a further $42 billion of bitcoin over the next three years.

"We believe bitcoin is in a structural bull market with conducive regulation and U.S. government support, institutional adoption and favorable macro," analysts led by Gautam Chhugani wrote.

Broker Canaccord is also bullish about MicroStrategy's outlook, and it said it used a new methodology to value the stock.

"Traditional P&L earnings metrics no longer really apply to MSTR, given the company's software business only accounts for a single-digit percentage of current enterprise value," analysts led by Joseph Vafi wrote, adding that "dollarized BTC accretion per shares captures everything going on at MSTR."

Read more: MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation

MicroStrategy's (MSTR) bitcoin (BTC) treasury model is unparalleled and the company is expected to attract billions of dollars of investment into the world's largest cryptocurrency, broker Bernstein said in a research report Monday.

Bernstein raised its MicroStrategy price target to $600 from $290 while maintaining its outperform rating on the stock. Rival broker Canaccord raised its price target to $510 from $300 and reiterated its buy rating.

The shares were trading over 6% higher at around $448 in early trading.

Bernstein said it expects MicroStrategy to own 4% of the world's bitcoin supply by 2033. It currently has 1.7%.

The company founded by Michael Saylor said last month that it planned to buy a further $42 billion of bitcoin over the next three years.

"We believe bitcoin is in a structural bull market with conducive regulation and U.S. government support, institutional adoption and favorable macro," analysts led by Gautam Chhugani wrote.

Broker Canaccord is also bullish about MicroStrategy's outlook, and it said it used a new methodology to value the stock.

"Traditional P&L earnings metrics no longer really apply to MSTR, given the company's software business only accounts for a single-digit percentage of current enterprise value," analysts led by Joseph Vafi wrote, adding that "dollarized BTC accretion per shares captures everything going on at MSTR."

Read more: MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation