Weekly Update – October 17th 2024

Poolder was co-organiser and speaker at an exclusive real estate event in cooperation with Burgemeestre & partners notariaat and EJS Tax & Consulting. In the beautiful Kasteel de Wittenburg, prominent speakers discussed the impact of new legislation on real estate investors and introduced our Stable Poolfolio as an attractive alternative for investors. Thank you to everyone who attended and contributed to this valuable evening. We look forward to another edition!

Bitcoin is showing strong gains, approaching $63,000, despite falling after unexpected inflation figures from the US. The cryptocurrency recently crossed $62,000, marking a significant recovery move. This momentum comes amid higher inflation figures from the US, affecting the crypto market. The market is now anxiously awaiting developments from China. Upcoming policy choices could cause more volatility.

Coinbase has stated that the crypto market has reached maturity by 2024, with billions of dollars of capital flowing into Bitcoin ETFs and an increase in trading volumes on various blockchains. David Duong, head of institutional research at Coinbase, notes that these developments are making markets deeper, more liquid and accessible. Despite the flight to quality assets such as Bitcoin, volatility in the market persists. The recent growth of Bitcoin ETFs has played an important role in this transformation of the crypto market.

Repayments to creditors of bankrupt crypto exchange Mt. Gox have been postponed again, now that the deadline has been pushed back to 31 October 2025. This postponement, caused by litigation and creditor concerns, temporarily curbs concerns about possible selling pressure in the Bitcoin market. The trustee reported that Mt. Gox still has about 44,900 Bitcoin in its portfolio, which is worth about $2.8 billion. This news has led to speculation about the impact on the market when refunds are finally made.