Cryptocurrency Markets Archives - Coin Engineer

PlanB’s Bold Move: Transfers All Bitcoin to ETFs!

Yigit Taha OZTURK — Sun, 16 Feb 2025 11:30:55 +0000

A strong advocate of self-custody in the crypto world, PlanB has made a surprising decision by transferring all his Bitcoin into spot Bitcoin ETFs.

In a post on X on February 15, PlanB explained that his reason for moving his Bitcoin into spot ETFs was to manage them like stocks and bonds. He stated that he wanted to avoid the complexity of managing private keys, saying:

“I guess I am not a maxi anymore.”

No Hassle with Private Keys = “Peace of Mind”

PlanB mentioned that not having to deal with private keys gives him peace of mind. While Bitcoin advocates strongly encourage users to hold their own private keys instead of relying on centralized exchanges, self-custody also comes with the responsibility of protecting those keys from hackers, thieves, and other threats.

In 2024, blockchain security firm Cyvers reported that hackers stole a total of $2.3 billion in 165 separate incidents, marking a 40% increase compared to 2023. For individual investors, protecting private keys has become a significant security concern.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

On the other hand, Lucas Kiely, Chief Investment Officer at Yield App, stated that from a returns perspective, spot Bitcoin ETFs, futures ETFs, and direct Bitcoin investments are essentially the same, with the only difference being ETF management fees.

Bitcoin ETFs See Massive Demand!

Demand for spot Bitcoin ETFs is growing rapidly. Bitwise Investment Chief Matt Hougan predicts that U.S. spot Bitcoin ETFs could see inflows of $50 billion in 2025.

“So far, so good. Spot Bitcoin ETFs saw $4.94 billion in inflows in January, which annualizes to around $59 billion.”

According to Hougan, Bitcoin ETF demand is expected to surpass 2024 levels.

Tax Implications and Debate

PlanB’s move to ETFs has sparked debate among his followers, with some questioning tax implications. However, the analyst clarified that his tax residency is in the Netherlands, where there is no capital gains tax on realized profits.

Instead, the Dutch tax system applies a wealth tax based on unrealized capital gains. A 6% assumed return is taxed at 30%, effectively resulting in an annual tax of around 2% of total net wealth.

PlanB’s transition to Bitcoin ETFs has stirred significant discussion in the crypto space, leaving many wondering if other major investors will follow suit.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Highly Anticipated US Inflation Data Released: Bitcoin and Market Reaction

admin — Wed, 10 Apr 2024 17:00:06 +0000

The highly anticipated US inflation data was released today, which is also of great importance to the Bitcoin and cryptocurrency market. The data came in slightly higher than expected, causing concerns among investors and leading to a drop in Bitcoin price below $68,000.

Pre-Data Expectations and Analysis

Prior to the data release, analysts had predicted that inflation could come in slightly higher than expected and could lead to market volatility. Alex Kuptsikevich, Senior Market Analyst at FxPro, warned of a potential volatility explosion following the release of the US consumer price index on Wednesday.

Fed Minutes to be Released

The Fed minutes will be released tonight at 9 PM (UTC+3). These minutes will provide investors with insights into the Federal Reserve’s views on inflation and monetary policy.

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Critical Period for Bitcoin! This Week in Cryptocurrency Markets!

Ahmet Bedirhan Arvas — Tue, 12 Dec 2023 08:23:52 +0000

Crypto markets are entering a critical week with the Binance-SEC case, US inflation, the Fed’s decision, and unemployment data.

Crypto markets and Bitcoin started the week with significant declines. After the recent downturns, investors are closely watching developments that could impact the price of Bitcoin this week. Here are the developments that could closely influence the crypto and economic markets.

The Binance-SEC Case Conference and US CPI Cata will be Released

This week, significant developments are expected in the cryptocurrency markets. On Tuesday, December 12th, an important conference related to the Binance and SEC case will be held.

On the same day, the US Consumer Price Index (CPI) data will also be released at 4:30 PM. The expectation is set at a slight decrease from the previous period, with a rate of 3.1%.

It May Attract Your Attention: Bitcoin and Altcoins Are Soaring! What Are Investors Expecting?

US PPI Data, Fed Rate Decision and FOMC Press Conference

On Wednesday, U.S. Producer Price Index (PPI) data will be released. The expectation is for a 0.1% increase in PPI. Given the significance of this data following a previous period’s -0.5% decline, it holds importance.

On the same day, investors will be eagerly anticipating the Federal Reserve’s interest rate decision at 21:00, followed by the FOMC press conference at 22:00. Decisions arising from this meeting can impact not only cryptocurrencies but also global financial markets.

According to the latest expectations, the Fed is anticipated to keep interest rates unchanged this month.

In the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, Youtube, and Twitter for the latest news and updates.

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