21 Oaks Capital
Monthly Review

21 Oaks Newsletter — January 2025

1 February 2025·2 min read

BREAKING

  • The Czech central bank CNB is planning to use Bitcoin as a reserve currency. Seven billion euros could flow into the cryptocurrency as a result.

MORE

  • El Salvador is bowing to pressure from the IMF and definitively abolishing Bitcoin as official legal tender, after having introduced it in September 2021.
  • BlackRock CEO Larry Fink surprised markets with a bullish Bitcoin forecast, predicting BTC at up to $700,000 on the back of a simple shift in reputation.
  • Investment firm Franklin Templeton is bullish on the crypto market's hotly debated AI agents concept. The combination of artificial intelligence and blockchain technology continues to gain momentum.
  • Donald Trump launched two memecoins, took office as US President and sent the crypto market soaring. Since then, his international tariff threats have pushed markets back down.
  • A popular initiative for Bitcoin is getting under way in Switzerland. As a result, BTC could also become part of the country's currency reserves in the future.
  • Donald Trump held his first debate with the biggest names in the US crypto industry on a state Bitcoin or crypto reserve.
  • Swiss bank Postfinance is taking an innovative path and supporting staking as one of the first representatives of the banking industry.
  • Elon Musk wants to promote the use of blockchain technology across US agencies via his government organization DOGE. Agencies would thus be able to operate more cheaply and efficiently.
  • Bhutan is establishing the world's first diversified sovereign crypto reserve. The Asian country also wants to serve as a hub for the blockchain industry.
  • The SEC's landmark lawsuit against Coinbase is on hold. A future win for the securities regulator now appears unlikely.
  • Trump pardoned "Bitcoin legend" Ross Ulbricht. The 40-year-old is now a free man again.

SPEAKERS’ CORNER

  • January was dominated by Donald Trump's inauguration. The crypto market, however, had already priced in market participants' positive expectations at the end of 2024.
  • Many native crypto investors we spoke with expressed a wait-and-see stance.
  • The intention was to first await the new executive orders, as the crypto community had particular interest in a possible announcement of a "Strategic Bitcoin Reserve."
  • Since no concrete statements were made, however, the market initially lacked decisive impetus.
  • Traditional investors, especially those invested in our funds, view artificial intelligence and blockchain as long-term investment themes with a time horizon of at least five years and tended to use the weak market phases to add to positions.

Translated from the German original, which is the authoritative version. Read the German version