As we step into 2025, it’s time to take a measured and analytical approach to what the year might hold for Bitcoin. Taking into account on-chain, market cycle, macroeconomic data, and more for confluence, we can go beyond pure speculation to paint a data-driven picture for the coming months.

MVRV Z-Score: Plenty of Upside Potential

The MVRV Z-Score measures the ratio between Bitcoin’s realized price (the average acquisition price of all BTC on the network) and its market cap. Standardizing this ratio for volatility gives us the Z-Score, which historically provides a clear picture of market cycles.

Figure 1: MVRV-Z… Read more on BitcoinMagazine

Fold, Inc., a trailblazer in bitcoin financial services, has successfully secured $20 million through convertible note financing led by ATW Partners, with a potential additional $10 million pending. This funding, supported by the company’s proprietary bitcoin assets as collateral, marks a significant advance in cryptocurrency-backed financial strategies. Set to mature three years post-public listing, the notes are convertible at $11.50 per share, underscoring strong market confidence in Fold’s future.

CEO Will Reeves highlighted the dual benefit of the financing, which aligns immediate capital infusion with long-term shareholder interests. This innovative financial structure is expected to fuel Fold’s strategic growth and product development initiatives. Reeves expressed gratitude towards ATW Partners for their investment and belief in Fold’s mission to broaden access to premium bitcoin services.

As Fold prepares to merge with FTAC Emerald Acquisition Corp. and transition into the public arena, the deal is poised to enhance their market position. This move is subject to SEC approval and FTAC Emerald stockholder consent, with a projected completion in early 2025. The partnership is a pivotal step for Fold, reinforcing its commitment to leading the charge in cryptocurrency financial services.

At Bitcoin 2024 this past July, Samara Alpha Management and Bitcoin Magazine Pro selected Boreal, a market neutral DeFi hedge fund, as the winner of this year’s Bitcoin Alpha Competition.

Boreal was awarded $1 million in seed capital as well as access to Samara’s institutional-grade infrastructure to help manage its fund.

Boreal stood out because of its trading strategy, which utilizes various DeFi protocols to generate yield on top of US dollars, bitcoin and ether.

“Even when things are super bearish, there’s always a way to generate returns in DeFi,” said Boreal’s founder Evan Morris, who has been in the crypto space since 2016 and who worked in traditional finance prior to…

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