Top Crypto News Stories January 9, 2025

1) $3 Trillion Goldman Sachs Sees Major Multinationals Add Bitcoin to Balance Sheets

Mathew McDermott, global head of digital assets at Goldman Sachs, revealed on CNBC's The Exchange that multinationals are increasingly adding Bitcoin to their balance sheets. He cited improved regulatory clarity and rising crypto valuations over the past year and a half as key drivers of institutional confidence. [1]

‍

2) Up to 20 States Ready to Introduce “Strategic Bitcoin Reserve” Legislation

Dennis Porter, President of Satoshi Action, announced that over 14 U.S. states are preparing to introduce Strategic Bitcoin Reserve legislation. This move positions Bitcoin as a key financial tool for innovation and resilience. The non-profit aims to double pro-Bitcoin legislation across the U.S. by 2025, signaling significant momentum.[2]

‍

3) Ray Dalio: “Have Hard Money Like Gold & Bitcoin”

Ray Dalio, founder of the world’s largest hedge fund, recently recommended holding "hard money like gold and Bitcoin" over debt assets. Once a skeptic, Dalio now recognizes Bitcoin’s potential as a reliable asset class, further legitimizing its position in traditional finance.[3]

4) FTX Begins $16 Billion Repayment to Creditors

FTX has started repaying $16 billion to creditors after its collapse, beginning with smaller claims. While the payout timeline remains unclear, this move is expected to inject funds back into the crypto market, fostering recovery and potential growth.[4]

5) Forbes: Game Theory Driving Nation-State Bitcoin Adoption

BlackRock’s Bitcoin ETF success, exceeding $10 billion, underscores Wall Street's growing acceptance of Bitcoin. This shift could encourage governments to follow suit, driving nation-state adoption and further legitimizing Bitcoin as a mainstream asset. [5]

As we head into what promises to be an exciting new year for Bitcoin and the broader crypto market, now is the perfect time to position yourself for maximum benefit from these emerging trends.

As we start the year and look ahead, let us help you refine your strategy for 2025. When you're ready, we're here to guide you on how to leverage these developments for your success

Book Your Clarity CaII With One Of Our Advisors »

‍