Bitcoin All-Time Highs As Australian Super Fund Makes Historic Buy

Dec. 19, 2024

Join Matt and Nick as they discuss Bitcoin at fresh all-time highs, Electric Capital’s annual developer report and AMP buying Bitcoin. They also discuss various altcoin updates from NEAR Protocol (NEAR), Avalanche (AVAX) and others.

Key Takeaways 

1. Bitcoin (BTC) hit an all-time high, partially due to continued buying from MicroStrategy, which officially entered the heavily traded Nasdaq 100 index.
2. AMP invested $27M AUD worth of BTC, making it the first major superannuation fund to buy into an asset class that has previously been shunned by big fund managers.
3. Electric Capital’s annual developer report showed strong growth in Solana’s developer ecosystem, while the number of developers fell by 7% compared to a year ago.
4. The past week featured various altcoins updates, including projects such as Ethena (ENA), Jupiter (JUP), Ethena (ENA) and Avalanche (AVAX).

Timestamps:

00:00 Intro & market update

03:15 ETH ETFs show sign of life

04:35 Bitcoin treasury votes and strategic reserves

06:00 2024 Electric Capital Developer Report

11:25 Should crypto be concerned over quantum computing breakthroughs

16:30 MicroStrategy enters Nasdaq 100

18:45 AMP becomes first Aussie super fund to invest in crypto

21:20 Trump-associated World Liberty Financial buys ETH tokens

24:00 Altcoin news (Pump.Fun, Near, Jupiter, Avalanche, Ethena)

31:40 What to look forward to this week

32:50 Over & under-appreciated