Former Bloomberg Intelligence analyst Jamie Coutts stated that the difference in the accumulated address numbers between the bear markets of 2018 (-20%) and 2022 (+60%) indicates the current strong belief of Bitcoin investors.

According to IntoTheBlock data, this week the amount of Bitcoin held by whale addresses with 1000 BTC or more reached the highest level since December 2022.

According to Bitcoin Magazine, the total number of Bitcoin addresses has exceeded 50 million for the first time.

Caitlin Long, the founder and CEO of Custodia Bank, stated in an interview that she believes traditional finance and Bitcoin need to coexist. It is necessary to build a bridge between the two systems to ensure that they do not harm each other, while combining their respective strengths: the powerful customer protection provided by banks as the best form of currency.

Chan Santokhi, the President of Suriname, recently met with Samson Mow, CEO of Bitcoin company JAN3, to discuss potential strategies for integrating Bitcoin into Suriname's economy. This meeting is part of Suriname's broader efforts to diversify its economic model, and the dialogue with JAN3, led by Foreign Minister Albert Ramdin, focused on exploring the potential of Bitcoin in various fields such as finance, sustainable energy, and technology. President Santokhi expressed interest in developing a Bitcoin strategy to position Suriname as a leader in the finance and technology sectors, and to use new technologies to improve the standard of living for its people.

On December 2nd, Cornell University researchers completed a study entitled "From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action". The study explains that Bitcoin can become a positive factor in deploying renewable energy projects in the United States. The study claims that during the pre-commercial development phase, when mining facilities are still being developed but can generate energy, some developers can profit from Bitcoin mining.

In a video this week, Cardano founder Charles Hoskinson believes that on the first day of BTC's creation, Satoshi Nakamoto had 100% of the computing power and had complete and absolute control over the Bitcoin network, with no concept of a Fair Launch. Hoskinson believes that he (Satoshi Nakamoto) may have mined a "significant amount" of supply in a completely centralized manner and funded his (Satoshi Nakamoto's) vacation by providing the proceeds to others. This actually creates a nature of transaction, different from ICOs.

According to CoinGecko data,  the total market value of cryptocurrencies has surpassed $1.5 trillion, reaching $1.527 trillion as of the time of publication. The 24-hour increase was 1.4%, a new high for the year. The total trading volume of the cryptocurrency market in the past 24 hours was approximately $66.224 billion, with BTC accounting for 49.7% of the market share and ETH accounting for 16.5%.

Former X platform CEP Jack Dorsey led a $6.2 million investment in the BTC mining pool Ocean, which is currently filtering ordinal inscription transactions. Currently, Ocean is using various filtering strategies to filter out "spam" in the form of inscriptions.

On December 2nd, according to data from Glassnode, over 37,000 bitcoins (worth $1.4 billion) have been withdrawn from trading platforms since November 17th, indicating that investors are directly holding their tokens. Some market observers suggest that the expected interest rate cuts by central banks in the coming months may attract capital into the market, leading to greater volatility in speculative markets such as cryptocurrencies. TradeStation's brokerage business manager, Anthony Rousseau, said that the Federal Reserve has already paused its rate hike cycle, and central banks around the world have followed suit. There is reason to believe that we have reached the peak of this tightening cycle. In order to sustain buying pressure for risk assets, we need to see a path forward with lower interest rates and an end to quantitative tightening. There may be an opportunity for positive market liquidity flow in 2024. Bitcoin is a pure reflection of market liquidity flow, and we need to see positive liquidity flow to support any substantial bullish activity.