digital assets

Standard Chartered: Due to the favorable environment in the U.S. Treasury market for digital assets, Bitcoin is expected to break its historical high

ChainCatcher news, according to The Block, Standard Chartered believes that as long as yields remain stable and the economy runs smoothly, the current market environment is very favorable for Bitcoin and the broader digital asset space. Geoff Kendrick, the bank's global head of digital asset research, noted in a report on Friday that the 10-year U.S. Treasury yield has remained below 4.50%, indicating that the bond market does not expect the Federal Reserve to take aggressive tightening measures, which provides strong support for risk assets like Bitcoin.Kendrick stated, "Despite strong U.S. employment data, the 10-year U.S. Treasury yield has consistently failed to break above 4.50%, which is good news for digital assets. With yields not rising and the economy still robust, this 'just right' environment is very conducive to the development of digital assets." He also added that if the 10-year U.S. Treasury yield continues to stay below 4.50% before the weekend, Bitcoin could break through the key resistance level of $102,500.Furthermore, if there are no new negative factors (such as unexpected regulatory actions or macroeconomic shocks), market conditions for digital assets are expected to improve further, and Bitcoin could even break through $108,000 in February, setting a new all-time high.

Gemini Report: Generation Z is the most invested and optimistic generation towards digital assets

ChainCatcher news, according to The Block, the latest cryptocurrency status report from Gemini shows that Gen Z adults aged 18-29 are the generation most focused on the digital asset space and hold an optimistic attitude towards it.The report surveyed 6,000 adults in the United States, the United Kingdom, France, Singapore, and Turkey, including both cryptocurrency owners and non-owners. The report states that globally, 51% of Gen Z (ages 18-29) respondents indicated that they currently own or have previously owned cryptocurrency, significantly higher than the general population's 35%.In the United States, over half of Gen Z respondents own or have owned cryptocurrency, accounting for 51%, while the percentage for millennials (born 1981 to 1996) is 49%, and for Generation X (born 1965 to 1980) it is 29%.This trend is evident in several countries, including the United Kingdom, where 53% of Gen Z own cryptocurrency, compared to 32% of the general population; in Singapore, the figures are 50% and 42%, respectively; in France, 47% of Gen Z hold cryptocurrency, while the general population's figure is 31%.The report adds, "While older generations show a clear level of engagement, the ownership rate among Gen Z indicates a deep integration of digital assets into their investment portfolios, which may continue in the current bull market." "In the United States, one-third (33%) of Gen Z respondents indicated they are willing to allocate at least 5% of their portfolios to cryptocurrency, compared to 21% of the general population."Data shows that Gen Z holds a more open attitude towards cryptocurrency regulation, with only 31% believing that regulation needs to be strengthened, compared to 46% of the general population. Additionally, the report found that Gen Z views cryptocurrency as a tool to combat inflation; for example, in the UK, 42% of Gen Z cryptocurrency holders indicated they use cryptocurrency to hedge against inflation. Among all cryptocurrency holders in the UK, this figure is close to one-third (32%).
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