1. BlackRock CEO Calls Bitcoin a "Fear Asset," Holds 780,000 BTC
BlackRock CEO Larry Fink stated at the DealBook Summit on December 3 that Bitcoin is a "fear asset." He believes that people hold Bitcoin out of fear for personal safety and financial security, and that uncertainty drives up Bitcoin prices, while fear subsides leads to a price drop. He pointed out that Bitcoin is different from the $13.5 trillion in assets managed by BlackRock, which more represents "hope." Larry Fink previously referred to Bitcoin in 2017 as "an index for money laundering and theft." Currently, BlackRock manages the world's largest Bitcoin ETF, holding over 780,000 Bitcoins, valued at approximately $80 billion. -Original
2. Market Expects 94% Probability of Fed Rate Cut in December
On December 4 at 20:30 (UTC+8), the U.S. will announce the number of Challenger job cuts for November; at 21:30 (UTC+8), the initial jobless claims for the week ending November 29 will be released, expected to be 220,000. Additionally, at 23:00 (UTC+8), the global supply chain pressure index for November and the month-on-month factory orders for September will be published. The market is heavily betting on a 25 basis point rate cut by the Fed in December, with Polymarket data showing the probability of this event has reached 94%. -Original
3. JPMorgan Says Bitcoin Could Reach $170,000 if It Performs Like Gold
JPMorgan strategists stated that if Bitcoin's trading performance is similar to that of gold, its price could reach $170,000. -Original
4. Zhao Changpeng Displays Gold Bar in Debate, Claims Bitcoin Verification is Easier
In the "Bitcoin vs. Tokenized Gold" debate between Zhao Changpeng and Peter Schiff, Zhao displayed a gold bar from Kyrgyzstan marked "1000g 999.9" and asked Peter Schiff to authenticate it. Schiff stated that he could not confirm its authenticity due to not having seen the mint's mark and that it would need to be sent for testing, noting that the color of the gold bar differed slightly from his 24K gold jewelry. Zhao claimed that gold is difficult to authenticate easily, while Bitcoin verification is much simpler. -Original
5. Schwab and Citibank to Offer Bitcoin Mortgages in Early 2026
Schwab and Citibank plan to start offering Bitcoin mortgage services in early 2026. -Original
6. Russian State Bank Suggests Allocating 7% of Assets to Bitcoin and Cryptocurrencies
Russian state bank giant VTB has suggested that investors allocate 7% of their assets to Bitcoin and cryptocurrencies. -Original
7. U.S. Initial Jobless Claims Drop to 191,000 for Week Ending November 29
Data released on December 4 shows that initial jobless claims in the U.S. for the week ending November 29 were 191,000, lower than the expected 220,000, marking a new low since the week of September 24, 2022. The previous value was revised from 216,000 to 218,000. -Original
8. Former PayPal President Says Global Funds Will Flow to Bitcoin, Daily Amounts in Trillions
The former president of PayPal stated that "all global funds" will shift to Bitcoin, mentioning that the daily amounts involved will reach trillions of dollars. -Original
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