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Crypto Markets Brace for 4 Key US Economic Events

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Crypto markets have several US economic events to look forward to this week after Donald Trump’s re-election and the Federal Open Market Committee’s (FOMC) interest rate decision last week.

Amid the restored implication of US macroeconomic data on Bitcoin (BTC) and crypto markets, traders and investors should brace for volatility around the following events.

CPI

The US Consumer Price Index (CPI) is a crucial economic data this week, due for release on Wednesday, November 13. Federal Reserve (Fed) chair Jerome Powell will release the Consumer Price Index (CPI) data for October.

The release comes after the FOMC resorted to a 25 basis point (bps) rate cut in last week’s meeting. Powell indicated that the policymakers did not plan to raise interest rates, acknowledging that Americans are still feeling the effects of high prices. Against this backdrop, US CPI will be a key watch as it will influence the Fed’s policy decisions moving forward.

The US CPI for September was 2.4%, down from 2.5% in August and 2.9% in July. This suggests a general easing in inflation since April.

US CPI Inflation Trend
US CPI Inflation Trend. Source: Investing.com

Economists anticipate headline inflation to drop 0.2% for October. They also forecast core CPI, the more closely watched US economic data that eliminates volatile food and energy costs, to drop by 0.3%.

If the Wednesday data comes in hotter-than-expected, however, it would suggest a potential inflation resurgence in the coming months. This could restrict the trend at which the Fed has been lowering policy rates further and, more importantly, interrupt Bitcoin’s upward trajectory.

“We keep in mind that the lower rates go, the more liquidity institutional investors will have to invest in risky markets like Crypto,” said Crypto Futur, a popular analyst on X.

Initial Jobless Claims

Another US economic event on the watchlist this week is the initial jobless claims. The number of continued claims gauges the size of the unemployed population. The labor department will release this macroeconomic data on Thursday, November 14, after new applications increased by 3,000 to 221,000 in the week through November 2.

It is worth mentioning that the FOMC’s concerns about a gradual weakening in the labor market prompted the central bank to cut interest rates by half a percentage point in September. Against this backdrop, Fed officials announced a quarter-point rate cut last week. Of note is that having excessive jobless claims would increase the risk of recession as unemployment decreases purchasing power.

PPI

The US Bureau of Labor Statistics (BLS) will also report October’s Core Producer Price Index (PPI) this week. This data determines price increases at the producer level. Its influence on financial markets comes as it measures inflation at the wholesale level.

Increases in PPI indicate rising production costs, which could lead to higher energy and hardware costs required for mining and processing crypto. As such, a higher core PPI on Friday could negatively affect Bitcoin and crypto.

US Retail Sales

The US retail sales sum up the list of US economic events with crypto implications this week. The Censors Bureau will release the US retail sales data on Friday, offering valuable insights into consumer spending trends.

This accounts for a significant portion of the US economy. In September, sales at US retailers increased by 0.4%, and currently, a 0.3% increase is expected from the previous month.

Strong October US retail sales data would signal reduced recession fears, reflecting a robust economy and increased consumer spending. This momentum would likely enhance the appeal of riskier assets, including stocks and cryptocurrencies, as it suggests healthier financial conditions.

BTC Price Performance
BTC Price Performance. Source: BeInCrypto

As traders and investors await the US economic data, Bitcoin has been up by almost 2% since Monday’s session opened. Despite these modest gains, the pioneer crypto is holding well above the $80,000 psychological level, trading for $80,808 as of this writing.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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57% of Investors Eye More Crypto

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Institutional interest in cryptocurrency has reached new heights. A recent survey by Sygnum Bank revealed that 57% of institutional investors and finance professionals plan to increase their exposure to crypto assets.

This enthusiasm reflects a substantial shift in how major players view the long-term value of digital assets.

Shifting Sentiments and Increased Allocations, Sygnum’s Findings

The survey represents insights from banks, hedge funds, multi-family offices, asset managers, and other investment-focused entities. It was conducted across 27 countries with over 400 respondents, with respondents averaging over a decade of experience.

Notably, about one-third (33.33%) of these participants are Sygnum clients. The findings highlight a rising appetite for high-risk investments in crypto and show growing confidence in the digital assets space.

Among the key takeaways is that nearly 65% of respondents maintain a bullish long-term view of crypto. Meanwhile, 63% plan to allocate more funds in the next three to six months. Additionally, 56% are expected to adopt a bullish stance within a year, potentially fueled by Bitcoin’s recent surge toward all-time highs (ATH).

More than half of the survey respondents already hold over 10% of their portfolios in crypto. Meanwhile, 46% plan to increase their allocations within six months, while 36% are waiting for optimal entry points. This commitment signals an enduring belief that digital assets can offer superior returns to traditional investments—a view shared by nearly 30% of survey respondents.

When it comes to investment strategy, single-token holdings are the most popular approach. Based on the research, 44% of participants opt to invest in individual tokens. Actively managed exposure, where portfolios are adjusted based on market performance, follows closely with a 40% preference.

This continued commitment to increasing crypto exposure, even amid market fluctuations, signals the growing perception of digital assets as a “megatrend” investment.

“This report tells the story of progress and calculated risk, the use of a diverse set of strategies to leverage opportunities, and most of all, the continued belief in the market’s long-term potential to reshape traditional financial markets,” said Lucas Schweiger, Sygnum’s Digital Asset Research Manager.

Layer-1(L1) blockchains, which serve as foundational platforms for building decentralized applications (dApps), rank as the top investment interest. Web3 infrastructure and decentralized finance (DeFi) ventures follow closely.

Interestingly, tokenized assets, including corporate bonds and mutual funds, have gained more traction than real estate investments, which led to 2023. This shift highlights how crypto adoption is influencing traditional sectors, offering new possibilities for asset tokenization.

Previously, regulatory uncertainty was seen as the biggest hurdle for institutional crypto investments. However, the survey highlights that 69% of respondents now see regulatory clarity improving, shifting concerns toward asset volatility and security. This indicates a maturing market where investors prioritize effective risk management over regulatory barriers.

The appetite for deeper insights into market-specific risks is evident. Up to 81% of participants stated that access to better information would encourage them to increase their allocations. This shift suggests that market intelligence, strategic planning, and technological research are critical factors for institutions venturing into the crypto playing field.

Institutional enthusiasm for crypto is part of a broader trend across the US. Digital assets are no longer just speculative plays for individual investors. As BeInCrypto reported, crypto is increasingly seen as a long-term investment opportunity rather than a gamble.

Furthermore, the introduction of Bitcoin ETFs (exchange-traded funds) has added credibility to crypto as an asset class. Political influences also play a significant role. President-elect Donald Trump’s recent win could bolster crypto’s status in the US, with some analysts believing that his pro-business stance may further enhance institutional involvement in the sector.

This could bring additional visibility to the industry and potentially lead to more favorable regulations that further incentivize long-term investments in digital assets. Nevertheless, some market observers are skeptical about the implication of the growing institutional adoption of crypto, with the likes of BlackRock and MicroStrategy progressively growing their Bitcoin portfolios.

“Does this not defeat the whole purpose of “decentralization”? BlackRock will be the biggest hodler, it doesn’t get much more centralized than that,” one X user noted.

BlackRock iShares Bitcoin Trust (IBIT) Net Assets
BlackRock iShares Bitcoin Trust (IBIT) Net Assets. Source: SoSoValue

The Sygnum survey echoes recent findings, where BeInCrypto reported that over 80% of crypto investors are optimistic about the future. Many believe the current bull market is poised to continue.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Peter Schiff Offers Sarcastic Bitcoin Advice for Trump Media

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Peter Schiff, a long-time economist and vocal critic of Bitcoin, has once again stirred the crypto pot. This time, he is targeting Trump Media & Technology Group (TMTG), the company behind the stock ticker DJT.

In a bold and potentially tongue-in-cheek tweet, Schiff suggested that TMTG, which he claims “doesn’t actually have a business,” should consider taking a page from MicroStrategy’s playbook.

In a post on X (formerly Twitter), Schiff says that TMTG should convert its cash holdings into Bitcoin (BTC). Further, he urges Trump Media & Technology Group to borrow billions and issue more shares to buy even more Bitcoin, setting DJT stock up for a “moonshot.”

“Since DJT stock does not actually have a business, why doesn’t it just use its cash to buy Bitcoin?” Schiff wrote.  

Likely, with his usual hint of irony, the Bitcoin skeptic urges the firm to follow the Michael Saylor business playbook.

“Borrow billions and issue more shares, then use the money raised to buy even more Bitcoin,” he added.

This suggestion may seem uncharacteristic, given Schiff’s history with Bitcoin. He recently dismissed the BTC price surge as the “biggest bubble in history.” Schiff has been one of Bitcoin’s most relentless critics, frequently arguing that the asset lacks intrinsic value and will eventually crash.

Recently, he openly stated that many of his Bitcoin-related tweets are sarcastic, adding a layer of humor to his otherwise pessimistic views on the cryptocurrency. For Schiff, this latest comment appears to play into that tone, positioning TMTG’s potential Bitcoin strategy as a satirical example of the high-risk approach taken by companies like MicroStrategy.

“Peter would rather swim in salt instead of just buying some Bitcoin,” one user on X quipped.

However, Schiff’s call-out to Trump Media may also reflect his skepticism about TMTG’s business model. DJT has been volatile since its launch, with critics questioning its long-term viability.

DJT Stock Performance
DJT Stock Performance. Source: finance.yahoo

The economist’s suggestion to pour the company’s cash reserves into Bitcoin could be viewed as a jab at both the speculative nature of cryptocurrency investments and TMTG’s business fundamentals.

MicroStrategy’s Aggressive Bitcoin Moves as a Blueprint

MicroStrategy, a business intelligence firm led by CEO Michael Saylor, has indeed gone all-in on Bitcoin. It recently announced its largest Bitcoin purchase to date. In total, the company holds over 160,000 BTC and plans to continue buying, with ambitions to invest up to $42 billion more in Bitcoin between 2025 and 2027.

This strategy has seen MicroStrategy leverage its balance sheet and even issue debt to fund its acquisitions, essentially betting the company’s future on Bitcoin’s success.

For Saylor, Bitcoin represents a safe haven and a hedge against inflation, especially given his belief in the US dollar’s declining purchasing power. Saylor’s approach has boosted MicroStrategy’s stock value, although it has also introduced significant volatility due to Bitcoin’s notorious price swings.

“This year, MSTR [MicroStrategy stock] treasury operations delivered a BTC Yield of 26.4%, providing a net benefit of approximately 49,936 BTC to our shareholders. This is equivalent to 157.5 BTC per day, acquired without the operational costs or capital investments typically associated with bitcoin mining,” Saylor shared recently.

It is worth mentioning that MicroStrategy leverages debt to grow its Bitcoin portfolio while managing existing debt obligations. Since 2020, the firm has employed this approach, raising billions of dollars to acquire Bitcoin.

As Schiff has previously labeled Bitcoin a speculative asset bound to implode, his suggestion that TMTG should mimic MicroStrategy’s tactics might be loaded with irony. By invoking MicroStrategy’s strategy in a sarcastic tone, he is likely reminding investors of the risks involved in placing a company’s future in such a volatile asset.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Low Odds for Donald Trump’s US Bitcoin Reserve

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In a recent interview with Bloomberg, Galaxy CEO Mike Novogratz claimed that a US Bitcoin Reserve was unlikely to pass. Although he said such a law would push Bitcoin to $500,000, Novogratz believes that President Donald Trump will have insufficient Senate support.

Polymarket odds also rate the chance of passing as very low, but it only accepts bets on Trump accomplishing it very quickly after the inauguration.

The Bearish Argument for a Bitcoin Reserve

In a recent interview with Bloomberg, Galaxy CEO Mike Novogratz was pessimistic about the chances of a US Bitcoin Reserve. Although Novogratz has repeatedly spoken about his high hopes for friendly regulation, he didn’t see a clear pathway for this campaign promise. Simply put, there are too many hurdles between the federal government and regular Bitcoin purchases.

“It’s a low probability. While the Republicans control the Senate, they don’t have close to 60 seats. I think that it would be very smart for the United States to take the Bitcoin they have and maybe add some to it… I don’t necessarily think that the dollar needs anything to back it up,” Novogratz claimed.

To be clear, he also emphasized that such a Reserve would be beneficial for Bitcoin, predicting it would shoot the price to $500,000. However, Novogratz doesn’t think the existing support is enough.

Senator Cynthia Lummis got bipartisan support for her Bitcoin Reserve bill, and some state-level representatives also support the act. These vocal advocates, however, are few.

It’ll take more than a few elected officials to get such a sweeping policy over the finish line. For example, Novogratz also got into a recent social media spat with Senator Elizabeth Warren, the famed Bitcoin critic.

Although the anti-crypto faction in US legislature got substantially weaker in the last election, it isn’t defeated yet. Even Trump’s own party might not unite in support of the bill.

Polymarket odds, for their part, concur with Novogratz’s bearish predictions. This decentralized prediction market recently gained credibility after successfully forecasting Trump’s victory, and it claims the US Bitcoin Reserve only has a 33% chance of happening. Granted, the only active bet is whether Trump will fulfill his promise within the first 100 days, not his entire term.

Bitcoin Reserve Polymarket Odds
Bitcoin Reserve Polymarket Odds. Source: Polymarket

Ultimately, there still is a decent chance that Trump will successfully pass a Bitcoin Reserve bill sometime in his four-year term. Lummis’ bill already has bipartisan support, and the US electorate is becoming more crypto-friendly.

Several Democrats may vote in favor, or the midterms could see new pro-crypto wins. Nonetheless, it might take a while.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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