Rena Keerthi MJ

Texas launches cryptocurrency reserve with $5 million investment
Texas has launched its new cryptocurrency reserve with a $5 million purchase of Bitcoin as the state continues to embrace the volatile and controversial digital currency.

The Texas Comptroller’s Office confirmed the purchase was made last month as a “placeholder investment” while the office works to contract with a cryptocurrency bank to manage its portfolio.

The purchase is one of the first of its kind by a state government, made during a year where the price of Bitcoin has exploded amid the embrace of the digital currency by President Donald Trump’s administration and the rapid expansion of crypto mines in Texas.

“The Texas Legislature passed a bold mandate to create the nation’s first Strategic Bitcoin Reserve,” acting Comptroller Kelly Hancock wrote in a statement. “Our goal for implementation is simple: build a secure reserve that strengthens the state’s balance sheet. Texas is leading the way once again, and we’re proud to do it.”

The purchase represents half of the $10 million the Legislature appropriated for the strategic reserve during this year’s legislative session, but just a sliver of the state’s $338 billion budget.

However, the purchase is still significant, making Texas the first state to fund a strategic cryptocurrency reserve. Arizona and New Hampshire have also passed laws to create similar strategic funds but have not yet purchased cryptocurrency.

Wisconsin and Michigan made pension fund investments in cryptocurrency last year.

The Comptroller’s office purchased the Bitcoin the morning of Nov. 20 when the price of a single bitcoin was $91,336, according to the Comptroller’s office. As of Friday afternoon, Bitcoin was worth slightly less than the price Texas paid, trading for $89,406.

University of Houston energy economist Ed Hirs questioned the state’s investment, pointing to Bitcoin’s volatility. That makes it a bad investment of taxpayer dollars when compared to more common investments in the stock and bond markets, he said.

“The ordinary mix (in investing) is one that goes away from volatility,” Hirs said. “The goal is to not lose to the market. Once the public decides this really has no intrinsic value, then it will be over, and taxpayers will be left holding the bag.”

The price of Bitcoin is down significantly from an all-time high of $126,080 in early October.

Donate
Congressional Maps
Bathroom Bill
Henry Cuellar
New Laws
After the Floods
Posted inTexas Legislature 2025
Texas launches cryptocurrency reserve with $5 million investment
Lawmakers created a state Strategic Bitcoin Reserve earlier this year and dedicated $10 million to investing in cryptocurrency.
by Paul Cobler
Dec. 8, 2025, 5:00 a.m. Central
Share
The Texas Legislature earlier this year created a Strategic Bitcoin Reserve and funded it with $10 million. The state made its first $5 million purchase recently.
The Texas Legislature earlier this year created a Strategic Bitcoin Reserve and funded it with $10 million. The state made its first $5 million purchase recently. Joe Timmerman/The Texas Tribune
Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news.

Audio recording is automated for accessibility. Humans wrote and edited the story. See our AI policy, and give us feedback.
Texas has launched its new cryptocurrency reserve with a $5 million purchase of Bitcoin as the state continues to embrace the volatile and controversial digital currency.

The Texas Comptroller’s Office confirmed the purchase was made last month as a “placeholder investment” while the office works to contract with a cryptocurrency bank to manage its portfolio.

The purchase is one of the first of its kind by a state government, made during a year where the price of Bitcoin has exploded amid the embrace of the digital currency by President Donald Trump’s administration and the rapid expansion of crypto mines in Texas.

“The Texas Legislature passed a bold mandate to create the nation’s first Strategic Bitcoin Reserve,” acting Comptroller Kelly Hancock wrote in a statement. “Our goal for implementation is simple: build a secure reserve that strengthens the state’s balance sheet. Texas is leading the way once again, and we’re proud to do it.”

The purchase represents half of the $10 million the Legislature appropriated for the strategic reserve during this year’s legislative session, but just a sliver of the state’s $338 billion budget.

However, the purchase is still significant, making Texas the first state to fund a strategic cryptocurrency reserve. Arizona and New Hampshire have also passed laws to create similar strategic funds but have not yet purchased cryptocurrency.

Wisconsin and Michigan made pension fund investments in cryptocurrency last year.

The Comptroller’s office purchased the Bitcoin the morning of Nov. 20 when the price of a single bitcoin was $91,336, according to the Comptroller’s office. As of Friday afternoon, Bitcoin was worth slightly less than the price Texas paid, trading for $89,406.

University of Houston energy economist Ed Hirs questioned the state’s investment, pointing to Bitcoin’s volatility. That makes it a bad investment of taxpayer dollars when compared to more common investments in the stock and bond markets, he said.

“The ordinary mix (in investing) is one that goes away from volatility,” Hirs said. “The goal is to not lose to the market. Once the public decides this really has no intrinsic value, then it will be over, and taxpayers will be left holding the bag.”

The price of Bitcoin is down significantly from an all-time high of $126,080 in early October.

Lee Bratcher, president of the Texas Blockchain Council, argued the state is making a good investment because the price of Bitcoin has trended upward ever since it first launched in early 2009.

“It’s only a 16-year-old asset, so the volatility, both in the up and down direction, will smooth out over time,” Bratcher said. “We still want it to retain some of those volatility characteristics because that’s how we could see those upward moves that will benefit the state’s finances in the future.”

Bratcher said the timing of the state’s investment was shrewd because he believes it is unlikely to be valued this low again.

The investment comes at a time that the crypto industry has found a home in Texas.

Rural counties have become magnets for crypto mines ever since China banned crypto mining in 2021 and Gov. Greg Abbott declared “Texas is open for crypto business” in a post on social media.

The state is home to at least 27 Bitcoin facilities, according to the Texas Blockchain Council, making it the world’s top crypto mining spot. The two largest crypto mining facilities in the world call Texas home.

The industry has also come under criticism as it expands.

Critics point to the industry’s significant energy usage, with crypto mines in the state consuming 2,717 megawatts of power in 2023, according to the comptroller’s office. That is enough electricity to power roughly 680,000 homes.

Crypto mines use large amounts of electricity to run computers that run constantly to produce cryptocurrencies, which are decentralized digital currencies used as alternatives to government-backed traditional currencies.

A 2023 study by energy research and consulting firm Wood Mackenzie commissioned by The New York Times found that Texans’ electric bills had risen nearly 5%, or $1.8 billion per year, due to the increase in demand on the state power grid created by crypto mines.

Residents living near crypto mines have also complained that the amount of job creation promised by the facilities has not materialized and the noise of their operation is a nuisance.

“Texas should be reinvesting Texan’s tax money in things that truly bolster the economy long term, living wage, access to quality healthcare, world class public schools,” said state Sen. Molly Cook, D-Houston, who voted against the creation of the strategic fund. “Instead it feels like they’re almost gambling our money on something that is known to be really volatile and has not shown to be a tide that raises all boats.”

State Sen. Charles Schwertner, R-Georgetown, who authored the bill that created the fund, said at the time it passed that it will allow Texas to “lead and compete in the digital economy.”

Disclosure: New York Times, Texas Blockchain Council and University of Houston have been financial supporters of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism. Find a complete list of them here.$BTC $ETH $BNB #BTCVSGOLD #BinanceBlockchainWeek #CryptoRally

Cryptocurrency Prices Today, Dec 4: Bitcoin Attempts Recovery Above $93K; Ethereum Shines, Altcoins Struggle

The cryptocurrency market on thursday, December 4th stayed mixed as top digital assets traded in the risk zone with gains and losses. While Bitcoin price held steady above the $93,000 mark, Ethereum posted some gains, even as several other altcoins, including XRP, Dogecoin, and Solana, slipped into the red. At the time of writing, the global crypto market cap hovered around the $2 trillion range.

Cryptocurrency Prices Toda
"The recent sell-off has cleared a significant amount of leveraged positions, and what we are witnessing now is a healthier market reset. Historically, some of the strongest rallies have emerged after periods of maximum fear. That said, investors should remain cautious and follow strong risk-management practices, as Bitcoin is still trading in a high-volatility zone. In the short term, markets are likely to remain sensitive to macroeconomic developments, regulatory updates, and liquidity shifts, all of which can trigger sharp price movements." said Vikas Gupta, Country Manager, Bybit India.

Bitcoin Price Today
BTC was trading at $93,057.36, edging up 0.03% in the last 24 hours. Over the past week, BTC has gained 1.86%, though it remains down 8.39% on a seven-day basis.

"Bitcoin is holding steady near $94,000 after a strong 12% weekly surge, maintaining its bullish momentum. While markets await the upcoming FOMC meeting, buyers are working to build the strength needed for a sustained move toward the $100,000 mark. A decisive breakout above current levels could clear the path to the $103,000 supply zone." said Akshat Siddhant, Lead Quant Analyst, Mudrex.

Ethereum Price Surges Over 4% as ETH Outperforms Major Altcoins
ETH in the early trade today rose upwards, adding 4.28% in the last 24 hours to trade at $3,189.61. Ether is up 5.74% over the week, even though it is still 3.08% lower on the weekly chart.

Major Altcoin Performance Today
Market sentiment turned negative for several altcoins as XRP, or Ripple coin price, fell to $2.17, down 1.08% in 24 hours and 1.54% over the week.

Solana slipped to $142.82, registering a 0.61% decline in the last day and an 8.10% weekly loss. Meanwhile, Dogecoin traded at $0.1494, down 0.78% in 24 hours and 8.17% on the week. TRON eased slightly to $0.2794, down 0.31% on the last day and 2.20% over the week.

On the other hand, some top altcoins bucked the downtrend:

BNB, or the Binance Coin price, rose 1.51% to $910.19, with a market cap of $125.83 billion.

While Cardano, or ADA, gained 1.48% to $0.4497, though it is still down 13.85% weekly.

WhiteBIT Coin was the top gainer, rising 0.27% today and an impressive 20.25% over the week, now trading at $62.50.
As per the CoinDCX market desk, "The top gainers for the day include Telcoin, Curve DAO, and Zcash, which have jumped by over 10% each. On the other hand, MYX Finance plunges by 8.96%, followed by Pudgy Penguins, Hedera, Pi, Pump.fun, Quant, and XDC Network by over 1% each. The overall market sentiment is rising, having moved from extreme fear to fear."

Overall Market Outlook
"The crypto market is showing renewed strength as Bitcoin rebounds to near $93,000 after dovish signals from the Fed rekindled investor optimism. Weak jobs data has boosted expectations of a rate cut and lifted risk appetite across the board, with Ethereum also spiking as traders position for renewed activity ahead of key network and liquidity catalysts highlighted in recent market analysis. Altcoins like Dogecoin and XRP have mirrored this momentum, reflecting a broader shift back into risk. The technical setup and macro backdrop now align in favour of continued upside as long as liquidity flows remain supportive." said Avinash Shekhar, co-founder & CEO, Pi42.

As per CoinSwitch Markets Desk, "Softer U.S. macro data, the Fed's official end to quantitative tightening, and a return of positive BTC ETF inflows helped lift BTC to a two-week high. Heatmap data also shows a large cluster of short liquidations above $94K, which could support an upside squeeze if momentum continues."

$BTC $ETH $BNB
#BTCVSGOLD #BinanceBlockchainWeek #USJobsData #CryptoIn401k #WriteToEarnUpgrade

Eric Trump
Eric Trump’s cryptocurrency firm tumbles nearly 40% amid ‘crypto winter’
#ERIC #TRUMP #cryptouniverseofficial

American Bitcoin Corp’s shares fell from $2.39 to $1.90 after closing in what some are calling ‘crypto winter’

Shares in Eric Trump’s crypto mining business lost nearly 40% of their value in less than 30 minutes on Tuesday.

The nosedive of American Bitcoin Corp, which triggered repeated trading halts, followed the steep decline of many cryptocurrencies and crypto-linked companies into what some observers are calling the onset of a “crypto winter”. Bitcoin’s value has fallen sharply since the start of October and erased a year of large gains.

Shares in American Bitcoin, which trades as ABTC, dropped to $1.90 after closing a day earlier at $2.39. The stock was previously at the lower level in May, before peaking at $9.31 on Sept 9 and then falling 78% to today’s trading value.

The company closed 38.8% lower, wiping roughly $1bn from its market value. Trading volume in the stock was almost 40 times the daily average, according to Bloomberg data.

Eric Trump, the president’s second son, claimed last month on X that the Texas-based crypto miner handles 2% of the world’s bitcoin supply.

“I truly believe we are building one the greatest crypto companies anywhere on earth,” he said, rhetorically following in his father’s footsteps.

After ABTC’s shares fell, Eric Trump said on X that the sell-off was caused by investors exercising their option to “cash in on their profits for the first time which is why we will see volatility.

“I’m holding all my @ABTC shares - I’m 100% committed to leading the industry,” he added.

The abrupt decline in value of ABTC comes amid a broad selloff in the digital asset market. Bitcoin has plunged more than 30% from a 6 October peak of $126,272 a bitcoin to $92,133. Analysts at Deutsche Bank said last week that $1tn in value has been wiped off the crypto market globally since then.

American Bitcoin, which was created out of another company, Hut 8 Corp, earlier this year, reported third-quarter net income of $3.5m on revenue of $64.2m in November, Bloomberg reported.

Eric Trump’s crypto mining venture is only one part of the Trump family’s crypto-linked family business, which started in 2022 with the launch of an NFT, or non-fungible token. The Trump family launched the crypto firm World Liberty Financial in 2024 and a cryptocurrency that bears the family name, $Trump, in 2025.

Like American Bitcoin, other Donald Trump-affiliated crypto ventures are in the tank, including WLFI, a token of World Liberty Financial, which has dropped in value from 26 cents in early September to about 16 cents.
The family fortune has benefited richly from the crypto ventures. Bloomberg estimates the family fortune at $7.7bn in September, but the decline in crypto values has pulled it down to $6.7bn.

As president, Trump has signed an executive order to support the growth of the digital asset industry and establish a regulatory framework and appointed crypto-friendly officials to regulatory positions. He was for years a crypto sceptic, calling it variously “not money” and “based on thin air”, but he reconsidered the controversial asset class during his second presidential campaign and became the first major US presidential candidate to accept donations in cryptocurrency.

Shares in the Trump’s social media company, Trump Media & Technology Group (TMTG), which started acquiring bitcoin this year, are trading at around $11, down from $42 in early February.

Late last month, 41 year-old Eric appeared undaunted by the fall in crypto values.

“What a great buying opportunity,” he told Bloomberg. “People who buy dips and embrace volatility will be the ultimate winners. I have never been more bullish on the future of cryptocurrency and the modernization of the financial $BTC system.”$ETH $BNB

Multibagger defence stock Apollo Micro Systems raises its capital base by converting warrants into equities

Apollo Micro Systems has expanded its capital by converting warrants into 1,21,47,964 equity shares for six investors. The company's paid-up equity capital now stands at ₹35.43 crore after this conversion, with a total of 2,08,59,246 warrants converted so far.

Apollo Micro Systems, a small-cap defence company, has increased its capital base through a warrant conversion. The company allotted 1,21,47,964 equity shares to six investors, including select promoters, a whole-time director and non-promoter groups, following the conversion of warrants issued on a preferential basis.

Mint MarketE-paper
Home
Latest News
Market
News
Premium
Companies
Money
Opinion
Industry
Politics
Videos
Nifty 50
Chennai Gold Rate
Technology
In Charts
Web Stories
Multibagger defence stock Apollo Micro Systems raises its capital base by converting warrants into equities
Apollo Micro Systems has expanded its capital by converting warrants into 1,21,47,964 equity shares for six investors. The company's paid-up equity capital now stands at ₹35.43 crore after this conversion, with a total of 2,08,59,246 warrants converted so far.
Nishant Kumar
Updated27 Nov 2025, 01:57 PM IST
Advertisement

Apollo Micro Systems raised its capital base by converting warrants into equity.
Apollo Micro Systems raised its capital base by converting warrants into equity.(An AI-generated image)
Apollo Micro Systems, a small-cap defence company, has increased its capital base through a warrant conversion. The company allotted 1,21,47,964 equity shares to six investors, including select promoters, a whole-time director and non-promoter groups, following the conversion of warrants issued on a preferential basis.

Advertisement

In an exchange filing on November 26, the company said the company’s paid-up equity capital has increased to ₹35.43 crore, comprising 35,43,91,700 shares of face value ₹1 each after the conversion of warrants to equities.

The conversion price for each share was ₹114, with ₹85.50, or 75% of the issue price, paid at the time of conversion.

This allotment is part of the larger preferential issue approved earlier, involving 3.80 crore warrants, each convertible into one equity share.

As of this tranche, as many as 2,08,59,246 warrants, out of 3,80,67,058 due for conversion, have been converted into equity shares of face value of ₹1 each.

Warrants remaining unexercised after 13 months from the date of allotment will lapse, and the amount paid by the warrant holders on such warrants will stand forfeited by the company.

Apollo Micro Systems in June 2025 had allotted 3,80,67,058 warrants, each convertible into one equity share of face value of ₹1 each on a preferential basis to 30 allottees.
Meanwhile, on November 25, Apollo Micro Systems said it had received two orders totalling ₹27.37 crore. The first order is worth ₹5.77 crore from the Defence Research and Development Organisation (DRDO), while the second order of ₹21.6 crore was from a private company.$BTC $ETH $BNB
#BinanceHODLerAT #BinanceHODLerAT

#xrp
Nov 24 (Reuters) - Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy-rich provinces, according to miners and industry data.
China had been the world's biggest crypto mining country until Beijing banned all cryptocurrency trading and mining in 2021, citing threats to the country's financial stability and energy conservation.
After having seen its global bitcoin mining market share slump to zero as a result of the ban, China crept back to third place with a 14% share at the end of October, according to Hashrate Index, which tracks bitcoin mining activities.
The resurgence in bitcoin mining, which has also been corroborated by rig maker Canaan Inc’s (CAN.O), opens new tab fast-rebounding sales in China, could act as a demand and price support for the world’s largest cryptocurrency.
Wang, a private miner in Xinjiang, said he started mining late last year in the energy-abundant province.
"A lot of energy cannot be transmitted out of Xinjiang, so you consume it in the form of crypto mining," Wang said, asking to be identified by just his last name. "New mining projects are under construction. What I can say is that people mine where electricity is cheap."
China’s state planning body, the National Development and Reform Commission, which issued the ban in 2021, and the Xinjiang government did not reply to faxed Reuters requests for comment.
MINING RESURGENCE
Beijing's crackdown on the sector in 2021 led to miners shutting down local operations and  fleeing to overseas markets such as North America and Central Asia.
The rebound in bitcoin mining coincides with the digital asset hitting record highs in October on the back of U.S. President Donald Trump’s pro-crypto policies, and growing distrust toward the dollar, making crypto mining more rewarding.
The cryptocurrency, however, is down roughly a third from its October peak as global risk appetite wanes.
“Chinese policy flexibility emerges when economic incentives are strong in specific regions,” said Patrick Gruhn, CEO of Perpetuals.com, a provider of crypto market infrastructure. "The resurgence of mining activity in China is one of the most important signals the market has seen in years.”
China has not officially relaxed bitcoin mining curbs, but "even hints of China's policy easing could act as a tailwind for bitcoin's narrative as a global, state-resilient asset," he said, pointing to industry data signaling renewed activity.
Bitcoin mining - the energy-intensive process of using specialised computers to solve complex puzzles to win bitcoins - is especially active in  power-abundant hinterlands such as Xinjiang, according to miners and rig makers.
Sichuan-based Duke Huang, who quit bitcoin mining a few years ago due to the Chinese regulatory ban, said some of his friends have come back to the business recently. "It's a sensitive area ... But people who get cheap electricity are still mining."
Besides higher bitcoin prices, a glut of electricity and computing power following over-investment in data centers by some cash-strapped Chinese local governments fuelled the rebound, said a source at a bitcoin mining rig maker, who did not want to be identified due to the sensitivity involved.
CRYPTO POLICY 
The trend is also captured by sales data from mining rig makers. 
Canaan, the world's second-biggest bitcoin mining machine maker, generated 30.3% of its global revenues in China last year, compared with 2.8% in 2022 in the aftermath of the crackdown, according to company filings.
China's contribution to Canaan's sales jumped further to more than 50% during the second quarter this year, according to a source with direct knowledge, who declined to be named as he is not authorised to speak to the media.
Canaan, which did not confirm the second-quarter sales breakdown, attributed its growing sales in China to this year’s U.S. tariff uncertainty that disrupted U.S. sales, rising bitcoin prices that make mining more profitable, and a subtle shift in China’s digital asset posture.
In an emailed statement, the Singapore-based company said its activities remain fully compliant with Chinese regulations but refused to comment on mining policies in China.
“In China, the R&D, manufacturing, and sale of mining machines are permitted,” Canaan said.
The pickup in bitcoin mining in China comes amid signs that Beijing has softened its attitude toward digital coins. These were once seen as a challenge to China's fiat currencies and abetting capital flight.
Hong Kong's stablecoin bill, for example, took effect in August, enabling the Chinese city to compete with the U.S. in fostering a regulated market for fiat-currency-backed cryptocurrencies.
China was also considering allowing the use of yuan-backed stablecoins to boost the wider adoption of its currency globally and catch up with a U.S. push on stablecoins, Reuters reported in August, citing sources familiar with the matter.
"Bitcoin mining is still officially banned in China. However, there continues to be significant capacity operating," said Julio Moreno, head of research at CryptoQuant, a blockchain data & analytics firm. 
CryptoQuant estimated that 15%-20% of global bitcoin mining capacity currently operates in China.
Liu Honglin, founder of Man Kun Law Firm, said it is hard to wipe out a profitable business.
"I personally think government policies against mining will be gradually loosened, because you simply cannot stop such activities completely."

#BTCRebound90kNext? $BTC $BNB
$SOL #IPOWave #BinanceAlphaAlert

Trump family fortune suffers massive blow after cryptocurrency investments.$BTC
.
The Trump family's financial empire has taken a significant hit, with recent ventures into cryptocurrency resulting in a staggering billion-dollar loss.

Recent analysis reveals that the Trump family fortune has lost a billion dollars due to cryptocurrency losses. A considerable drop occurred over the last few months, as reported by Bloomberg News.

The outlet discovered that President Donald Trump and his family have suffered enormous losses after venturing into meme coins and cryptocurrency, causing the family's wealth to plummet from an estimated $7.7 billion in early September to $6.7 billion.

The losses include a Trump-branded memecoin that has lost around one quarter of its value since it began to decline in August, Eric Trump’s Bitcoin mining venture dropping roughly half its value, and shares in Trump Media & Technology Group (TMTG) falling lower than they have ever been after the company invested heavily in crypto. TMTG also owns the president's social media platform, Truth Social.

Shares in TMTG were at an all-time low last Wednesday, coming months after the company spent around $2 billion on Bitcoin and other securities, according to Bloomberg. Meanwhile, Trump’s stake in TMTG has crashed by roughly $800 million since September.

The company also invested heavily in a token issued by the Singapore-based cryptocurrency exchange Crypto.com, known as CRO. In September, TMTG’s investment in the CRO coin was worth around $147 million, but it's now worth about half that.

To give an idea of how significant some of the other losses are, investors who bought Trump’s meme coin at its peak in January would have lost almost the entire value of their investment by November of this year.

The cryptocurrency market has suffered a significant downturn recently, which can account for a substantial portion of the Trump family’s losses. The market recently lost around $1 trillion in value, and Bitcoin has shed about a quarter of its value over the past four weeks, the most for a single month since June 2022, according to Bloomberg.

Bitcoin, which is the world’s most valuable cryptocurrency, fell below $82,000 for the first time since mid-April last week.

Despite the recently reported loss, however, Trump and his family’s move into cryptocurrency and NFTs has still paid off overall, and it has boosted their wealth by billions. So much so that The Wall Street Journal estimated in September that cryptocurrency had overtaken the Trump family’s real estate portfolio as their most valuable asset.

Trump-backed crypto venture, World Liberty Financial, began trading on multiple exchanges recently and ended up earning the family around $5 billion.

However, Bloomberg reports that the value of the Trump family’s holdings of WLFI tokens has decreased from $6 billion to approximately $3.15 billion. The drop is not included in the overall wealth decline of the family, however, as the coins are locked and cannot be traded.

The reported losses have so far been downplayed by Eric Trump, saying the nosedive represents a “great buying opportunity” for investors.

Ad. Key Points
° Investors today are motivated by mostly the same things as 10 years ago.
° The conditions you held an investment through are a big part of how you feel about it.
° It's easy -- and very risky -- to look at your assets with rose-tinted glasses.
° 10 stocks we like better than Bitcoin ›
Cryptocurrencies can rise by thousands of percentage points in a few months and then drop 70% or more in the same amount of time. That makes the crypto sector a brutal teacher of quite a few basic investing truths.
In that vein, if you hold Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), or even Dogecoin (CRYPTO: DOGE) today, you're a student sitting in what might just be the most unforgiving classroom in finance. Below are three lessons this market teaches again and again -- and they're just as relevant for investing in blue chip stocks or even index funds as they are for digital coins, so pay close attention.
1. Markets change, but people don't
A decade ago, almost nobody outside of a niche community had heard of Bitcoin. Ethereum had just been launched, and practically zero people had even an approximate understanding of what a smart contract was. Solana didn't exist at all, and Dogecoin, the first meme coin, was down severely and looked like it'd never bounce back. Today, these four coins are household names, with new narratives suggesting a better future for each. It's now hard to imagine how they might be completely extinct 10 years from now, in late 2035.
Yet beneath the rotating buzzwords and market narratives, investor behavior with these coins looks eerily similar to what it has been in every prior set of market conditions, going back long before crypto existed. People hear about an asset that went up five or 10 times, and they quietly convince themselves that getting in now is somehow less risky than it looks. They feel as if they're late, so they try to catch up quickly to satisfy their fear of missing out (FOMO). That's the get-rich-quick instinct that never really leaves the human brain.
The lesson here is that technology and narratives change, but the way investors behave tends to stay the same. Periods of explosive upside eventually invite heavy optimism, hype, media attention, and friends bragging about their gains. Those conditions make it hard to resist a last-minute lunge for quick riches, even though history shows that the tail end of a parabolic move is usually the riskiest time to enter.
2. Investor sentiment is path-dependent
Two investors can own the same coin at the same price and feel completely different about it, and then take different actions as a result.

For instance, imagine that an investor bought Bitcoin at $20,000 and watched it climb to $100,000. They probably feel pretty good about their choice, and so they could be viewing Bitcoin's current tumble below $100,000 as an opportunity to buy the dip rather than a sign that it's time to cash out.

Skip to main content
Yahoo Finance
Yahoo Finance
Sign in
Search query

3 Timeless Investing Lessons Every Crypto Investor Should Know
Alex Carchidi, The Motley Fool
Mon, November 24, 2025 at 10:11 PM GMT+5:30 5 min read
In this article:
DOGE-USD+4.56%BTC-USD+1.61%ETH-USD+5.01%SOL-USD+4.16%
Coming Soon: New 1, 2, 3 & 4 BHK at Purva KIADBPurva Kiadb•
Ad
Key Points
Investors today are motivated by mostly the same things as 10 years ago.The conditions you held an investment through are a big part of how you feel about it.It's easy -- and very risky -- to look at your assets with rose-tinted glasses.10 stocks we like better than Bitcoin ›
Cryptocurrencies can rise by thousands of percentage points in a few months and then drop 70% or more in the same amount of time. That makes the crypto sector a brutal teacher of quite a few basic investing truths.
In that vein, if you hold Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), or even Dogecoin (CRYPTO: DOGE) today, you're a student sitting in what might just be the most unforgiving classroom in finance. Below are three lessons this market teaches again and again -- and they're just as relevant for investing in blue chip stocks or even index funds as they are for digital coins, so pay close attention.

1. Markets change, but people don't
A decade ago, almost nobody outside of a niche community had heard of Bitcoin. Ethereum had just been launched, and practically zero people had even an approximate understanding of what a smart contract was. Solana didn't exist at all, and Dogecoin, the first meme coin, was down severely and looked like it'd never bounce back. Today, these four coins are household names, with new narratives suggesting a better future for each. It's now hard to imagine how they might be completely extinct 10 years from now, in late 2035.
Yet beneath the rotating buzzwords and market narratives, investor behavior with these coins looks eerily similar to what it has been in every prior set of market conditions, going back long before crypto existed. People hear about an asset that went up five or 10 times, and they quietly convince themselves that getting in now is somehow less risky than it looks. They feel as if they're late, so they try to catch up quickly to satisfy their fear of missing out (FOMO). That's the get-rich-quick instinct that never really leaves the human brain.
The lesson here is that technology and narratives change, but the way investors behave tends to stay the same. Periods of explosive upside eventually invite heavy optimism, hype, media attention, and friends bragging about their gains. Those conditions make it hard to resist a last-minute lunge for quick riches, even though history shows that the tail end of a parabolic move is usually the riskiest time to enter.
2. Investor sentiment is path-dependent
Two investors can own the same coin at the same price and feel completely different about it, and then take different actions as a result.
For instance, imagine that an investor bought Bitcoin at $20,000 and watched it climb to $100,000. They probably feel pretty good about their choice, and so they could be viewing Bitcoin's current tumble below $100,000 as an opportunity to buy the dip rather than a sign that it's time to cash out.
But consider another investor who bought near the peak of $69,000 in late 2021, and held it through a 70% decline. This investor then waited years for the price to crawl back to breakeven. Now, they see the same price as the first investor, but it's very likely that their long period of being underwater makes it very psychologically difficult to buy more Bitcoin. In the long run, that disposition could mean failing to allocate enough capital to a compelling investment thesis that's still playing out.
Behavioral finance researchers call the discrepancy between these two sets of behaviors "path dependency," or sometimes the "disposition effect." What you paid, the deepest drawdown you lived through, and the last peak you remember all quietly become mental anchors even when those anchors end up preventing you from taking the best actions on behalf of your portfolio.
Be aware of the path your investment took to arrive at the present, as it's bound to influence your investing psychology, and not necessarily for the better.
3. Don't get too attached to your investments
The final lesson is the hardest to practice.

In crypto, there's a cheeky saying that investors shouldn't "marry their bags." This slang speaks to an eternal truth. If you get too emotionally attached to your investments or the products of your decision-making process, you're likely exposing yourself to severe downside risk. And the more attached or convinced you are about an investment's worthiness, the more blind you'll be to problems it has or that it might have in the future.

Yahoo Finance
Yahoo Finance
Sign in
Search query
Search for news or tickers
Motley Fool
3 Timeless Investing Lessons Every Crypto Investor Should Know

Alex Carchidi, The Motley Fool
Mon, November 24, 2025 at 10:11 PM GMT+5:30 5 min read

In this article:
DOGE-USD
+4.56%

BTC-USD
+1.61%

ETH-USD
+5.01%

SOL-USD
+4.16%

Coming Soon: New 1, 2, 3 & 4 BHK at Purva KIADB
Purva Kiadb
•
Ad
Key Points
Investors today are motivated by mostly the same things as 10 years ago.

The conditions you held an investment through are a big part of how you feel about it.

It's easy -- and very risky -- to look at your assets with rose-tinted glasses.

10 stocks we like better than Bitcoin ›

Cryptocurrencies can rise by thousands of percentage points in a few months and then drop 70% or more in the same amount of time. That makes the crypto sector a brutal teacher of quite a few basic investing truths.

In that vein, if you hold Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), or even Dogecoin (CRYPTO: DOGE) today, you're a student sitting in what might just be the most unforgiving classroom in finance. Below are three lessons this market teaches again and again -- and they're just as relevant for investing in blue chip stocks or even index funds as they are for digital coins, so pay close attention.

An person looks thoughtfully out the window of a moving train while holding their cell phone.
Image source: Getty Images.
1. Markets change, but people don't
A decade ago, almost nobody outside of a niche community had heard of Bitcoin. Ethereum had just been launched, and practically zero people had even an approximate understanding of what a smart contract was. Solana didn't exist at all, and Dogecoin, the first meme coin, was down severely and looked like it'd never bounce back. Today, these four coins are household names, with new narratives suggesting a better future for each. It's now hard to imagine how they might be completely extinct 10 years from now, in late 2035.

Yet beneath the rotating buzzwords and market narratives, investor behavior with these coins looks eerily similar to what it has been in every prior set of market conditions, going back long before crypto existed. People hear about an asset that went up five or 10 times, and they quietly convince themselves that getting in now is somehow less risky than it looks. They feel as if they're late, so they try to catch up quickly to satisfy their fear of missing out (FOMO). That's the get-rich-quick instinct that never really leaves the human brain.

The lesson here is that technology and narratives change, but the way investors behave tends to stay the same. Periods of explosive upside eventually invite heavy optimism, hype, media attention, and friends bragging about their gains. Those conditions make it hard to resist a last-minute lunge for quick riches, even though history shows that the tail end of a parabolic move is usually the riskiest time to enter.

2. Investor sentiment is path-dependent
Two investors can own the same coin at the same price and feel completely different about it, and then take different actions as a result.

For instance, imagine that an investor bought Bitcoin at $20,000 and watched it climb to $100,000. They probably feel pretty good about their choice, and so they could be viewing Bitcoin's current tumble below $100,000 as an opportunity to buy the dip rather than a sign that it's time to cash out.

But consider another investor who bought near the peak of $69,000 in late 2021, and held it through a 70% decline. This investor then waited years for the price to crawl back to breakeven. Now, they see the same price as the first investor, but it's very likely that their long period of being underwater makes it very psychologically difficult to buy more Bitcoin. In the long run, that disposition could mean failing to allocate enough capital to a compelling investment thesis that's still playing out.

Behavioral finance researchers call the discrepancy between these two sets of behaviors "path dependency," or sometimes the "disposition effect." What you paid, the deepest drawdown you lived through, and the last peak you remember all quietly become mental anchors even when those anchors end up preventing you from taking the best actions on behalf of your portfolio.

Be aware of the path your investment took to arrive at the present, as it's bound to influence your investing psychology, and not necessarily for the better.

3. Don't get too attached to your investments
The final lesson is the hardest to practice.

In crypto, there's a cheeky saying that investors shouldn't "marry their bags." This slang speaks to an eternal truth. If you get too emotionally attached to your investments or the products of your decision-making process, you're likely exposing yourself to severe downside risk. And the more attached or convinced you are about an investment's worthiness, the more blind you'll be to problems it has or that it might have in the future.

So try to fight getting too attached to your coins, stocks, or other assets.

In my experience, it's usually a losing battle in the long run. One decent remedy is to schedule quarterly "cold water" sessions where you reevaluate the different elements of your investment thesis for an asset with a pessimistic or highly critical view. You've mastered the exercise when you can admit one of your high-conviction assets is no longer the same one you were excited about buying originally such that you don't feel any internal resistance when you think about selling it.

Should you buy stock in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $562,536!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,096,510!*
Now, it’s worth noting Stock Advisor’s total average return is 981% — a market-crushing outperformance compared to 187% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

#BTC走势分析 #btc70k #BTC #cryptouniverseofficial #Crypto_Jobs🎯
#$BTC