Today: January 7, 2025
January 5, 2025
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Bitcoin: The “IBIT” ETF in the few days of the year already gains 2.53% on the BVL

He Bitcoin ETF Ishares Bitcoin Trust ETF (IBIT) It closed 2024 as the third most profitable security with the highest trading frequency in the Lima stock market. The IBIT reached US$54.06 at the end of December last year, obtaining a profitability of 85%. That is, for every US$100 invested, the investor earned US$85.

In 2025, in just three days the crypto asset rose 2.53%, after settling at US$55.43 at the close of Friday, despite the fact that the underlying ETF, the cryptocurrency, fell to US$96,465 on Friday, around 11% below its historical maximum value.

The explanation that the IBIT reports profits and is expected to continue this way during the year is due to analysts’ expectations that bitcoin will maintain its upward trend, due to its increasingly growing demand, as well as the business that has been generating around financial entities and President Donald Trump’s promise to create a favorable environment for cryptocurrencies in the US.

Bloomberg Opinion senior editor Tobin Harshaw has argued that cryptocurrencies could become uncontrolled by 2025. According to Harshaw, when Trump returns to the White House, digital currencies could become commonplace or be brought down by a group of villains.

For her part, Jenny Johnson, a member of the advisory board of the New York Stock Exchange, known as the ‘influencer’ of Wall Street and defender of bitcoin, stated that bitcoin is the biggest distraction from the greater disruption of financial services.

“I am a great believer that blockchain technology is very efficient and will not only transform financial services, but will also open opportunities,” she told the newspaper Economía.com.

In Switzerland, the BBVA subsidiary launched its cryptocurrency trading and custody service four years ago. Alfonso Gómez, director of BBVA Switzerland, said that bitcoin will be adopted as a reserve of value in the medium and long term, in an interview with the newspaper CincoDías.

Bitcoin price evolution
Year Quote (US$) Variation compared to the previous year
2016 963.7 124%
2017 14,156.4 1.369%
2018 3,742.7 -74%
2019 7,193.6 92%
2020 29,001.7 303%
2021 46,306.5 60%
2022 16,547.5 -64%
2023 42,265.2 155%
2024 93,429.2 121%
5-Jan-25 98,062.7 5%

Source: Yahoo! Finance

Predictions

There is a series of speculations about how much the value of bitcoin could grow in this new year, whose gains fly between 100% and 500%, considering that, in 2024, the value of the cryptocurrency expanded by 150%. However, all these forecasts are based on beliefs, since there are no fundamentals behind the cryptocurrency.

For example, the renowned investor and bestseller in personal finance, Robert Kiyosaki, known for his book Rich Dad, Poor Dad, maintained in his and US$350,000, which represents a projected profit of between 75% and 250%.

There are other analysts who value the coin at US$500,000. In the last eight years, the price of bitcoin has gone from US$963.7 to US$93,429, an increase of 9,594% and, with it, a string of scams. Hence the need to be well informed.

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