# Strategy Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Strategy", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitwise: My Highest Conviction Investment in Crypto

Author Matt Hougan, with eight years in crypto, expresses skepticism towards those who claim certainty about which blockchain (e.g., Ethereum, Solana, Bitcoin) will dominate. He believes the future of crypto remains highly uncertain, influenced by regulation, execution, macro conditions, and luck. Instead of betting on individual assets, Hougan invests broadly using a market-cap-weighted crypto index fund. His core conviction is that crypto as a whole will grow 10-20x in importance over the next decade, driven by stablecoins, tokenization, DeFi, and new use cases. He cites a prediction that all U.S. equities could move on-chain, representing massive growth potential. By diversifying, he captures the sector’s upside while avoiding the risk of picking the wrong chain. He recommends index funds as a sound strategy for many investors.

深潮2 days ago 10:02

Bitwise: My Highest Conviction Investment in Crypto

深潮2 days ago 10:02

JPMorgan's 2026 Global Investment Outlook: Economic 'K-Shaped Divergence' Continues; AI Adoption Soars

JPMorgan's 2026 Global Investment Outlook highlights a continued "K-shaped" economic divergence in the U.S., where high-income groups and technology sectors benefit significantly, while middle- and lower-income populations and interest-rate-sensitive industries face ongoing pressure. The U.S. economy is expected to remain resilient, supporting risk assets like equities and corporate credit, though cyclical momentum is limited. The Federal Reserve will continue normalizing interest rates cautiously amid potential volatility. Key investment themes include balancing portfolios across stocks, bonds, and alternative assets to capture structural opportunities and diversify returns. Three critical questions for investors are whether stocks are overvalued, if profits can remain strong, and whether AI-related stocks are in a bubble. Growth stocks, particularly in technology, remain attractive due to strong earnings, while consumer stocks lag due to tax and spending pressures. AI beneficiaries extend beyond innovators to enablers (industrials, utilities) and adopters (finance, healthcare). Fixed income investments should focus on high-quality assets, with longer-duration bonds offering potential upside if rates decline. Despite a recent increase in international equity allocations, U.S. equities remain overweighted. The "60/40" stock/bond model is evolving into "60/40+" by incorporating alternatives for lower correlation and reduced volatility. Structural improvements in international markets and a weaker dollar support non-U.S. equities. Investors are advised to emphasize selectivity, diversification, and active management in a complex macro environment.

cointelegraph_中文2 days ago 21:54

JPMorgan's 2026 Global Investment Outlook: Economic 'K-Shaped Divergence' Continues; AI Adoption Soars

cointelegraph_中文2 days ago 21:54

30-Year Wall Street Veteran: What Horse Racing, Poker, and Investment Legends Taught Me About Bitcoin

Based on his father's lessons from horse racing, a 30-year Wall Street veteran applies a probabilistic, Bayesian thinking framework to investing. The core principles are: do your own research to set independent odds, focus on where capital is actually flowing (not just narratives), and bet significantly only when you identify a major mispricing between your assessment and the market's. Applying this to Bitcoin, he sees a fundamental case for 3:1 or 5:1 odds, while observing that most wealthy, institutional investors price it at 100:1 or zero, with minimal allocation. This creates a rare asymmetric opportunity, reminiscent of the "smart money" principles of investors like Stan Druckenmiller and Paul Tudor Jones, where low positioning is often a key signal as strong fundamentals. He advises a position size based on individual age, time horizon, and risk tolerance, noting that AI's deflationary yet disruptive force may accelerate the need for a digital, belief-based monetary asset like Bitcoin. The key is to separate the decision-making process from the outcome and act decisively only when research, odds, and positioning align.

深潮Yesterday 09:18

30-Year Wall Street Veteran: What Horse Racing, Poker, and Investment Legends Taught Me About Bitcoin

深潮Yesterday 09:18

Huobi HTX's 'Hunt AI Plan' Concludes Successfully: Prize Pool Surpasses 10,403 USDT, Top Trading Strategies Continue to Allow Copy Trading

Huobi HTX's "Hunt the AI Plan" event concluded on December 4, marking the end of a three-season human-versus-AI trading competition. The total prize pool reached 10,403 USDT, which will be distributed to participating users. In the final season, human trader LongTian achieved a 152% return with a profit of 938.9 USDT, earning the title of "Human Camp Champion." Meanwhile, AI contestant DeepSeek led with total profits of 1,217 USDT and a 147% return, securing the top spot in overall earnings. The prize pool will be allocated as follows: 40% to followers of DeepSeek, 40% to followers of LongTian, and 20% to users who participated in interactive activities like voting. All rewards will be issued as copy-trading experience funds. To date, Huobi HTX has distributed approximately 45,000 USDT in rewards throughout the event series. DeepSeek will continue offering copy-trading services on the platform, with ongoing strategy optimizations aimed at sustainable growth. Huobi HTX, established in 2013, is a comprehensive blockchain ecosystem offering a range of crypto services including trading, derivatives, and investment.

深潮Yesterday 09:47

Huobi HTX's 'Hunt AI Plan' Concludes Successfully: Prize Pool Surpasses 10,403 USDT, Top Trading Strategies Continue to Allow Copy Trading

深潮Yesterday 09:47

Twenty One Plunges Nearly 20% on Debut: The Valuation Mystery of the Third-Largest Bitcoin DAT

Twenty One Capital (NYSE: XXI), a Bitcoin-focused asset reserve company backed by Tether and SoftBank, debuted on the New York Stock Exchange on December 9. Despite its strong backing and large Bitcoin holdings, its stock plunged nearly 20% on the first trading day. The company holds 43,514 BTC, making it the third-largest corporate Bitcoin holder globally, yet its market valuation sits at just $186 million—a mere 4.6% of its Bitcoin's market value. This extreme discount stems from its reliance on "shareholder injections" rather than open-market purchases. Most of its Bitcoin came directly from Tether, raising transparency and sustainability concerns. The broader Digital Asset Treasury (DAT) model is under pressure, with most major Bitcoin-holding companies trading below their net asset value. While proponents like Michael Saylor argue Bitcoin will become a foundational asset in the digital economy, the market remains skeptical in the short term, demanding more proof of the model’s resilience.

Odaily星球日报Yesterday 10:12

Twenty One Plunges Nearly 20% on Debut: The Valuation Mystery of the Third-Largest Bitcoin DAT

Odaily星球日报Yesterday 10:12

Space Recap | When a Weakening Dollar Meets a Resurgence in Liquidity: Crypto Market Trend Analysis and Tron TRON Ecosystem Strategy

A review of a recent Space discussion explores the connection between a weakening US dollar, improving global liquidity, and potential trends in the cryptocurrency market. While recent market rebounds align with these macro shifts, analysts caution against declaring a definitive trend reversal, characterizing the current state as a "repair" phase following excessive pessimism. Key takeaway is that a true market inflection point requires sustained signals: confirmation of a Fed easing cycle with continuous rate cuts, a fundamental weakening of the US economy suppressing the dollar, and a synchronized rise in non-US currencies. Investors are advised to monitor the next 1-2 months for persistence in dollar weakness and concrete Fed action. The discussion also outlined a probable capital flow trajectory: liquidity would first enter core mainstream assets like Bitcoin and Ethereum. Assets with solid utility, like TRX with its payment demand and user base, are also positioned for early benefit. This would be followed by a rotation into higher-yield, narrative-driven sectors like RWA, AI, and Meme coins. The Tron (TRON) ecosystem was highlighted as a strategic entry point and hub for this potential capital rotation. Its position as a major network for stablecoin circulation (like USDT) offers a low-risk, non-volatile on-ramp. Users can then earn stable yields through its DeFi protocols (e.g., JustLend DAO, SUN.io) while awaiting clearer market trends. Finally, its native DEX, SunSwap, provides a seamless gateway to convert stable yields into higher-risk, high-reward生态 assets (e.g., AINFT, SunPump) when market sentiment improves, enabling a strategy of participating cautiously while preparing for potential upside.

深潮Yesterday 11:46

Space Recap | When a Weakening Dollar Meets a Resurgence in Liquidity: Crypto Market Trend Analysis and Tron TRON Ecosystem Strategy

深潮Yesterday 11:46

Strategy Takes a Hard Line Against MSCI: The Ultimate Defense of DAT

In a significant industry clash, digital asset treasury company Strategy has issued a forceful 12-page public letter to MSCI opposing its proposal to exclude companies with over 50% digital asset holdings from its global investable market indices. Strategy argues the move is discriminatory, misleading, and threatens billions in capital flow, potentially causing up to $2.8 billion in passive outflows from its stock alone. The company defends its business model, asserting that digital asset treasuries (DATs) are operational companies—not passive funds—with active strategies like issuing digital debt instruments to fund Bitcoin acquisitions and generate shareholder returns. It compares its role to historic infrastructure builders like Standard Oil and AT&T, emphasizing Bitcoin’s transformative potential in finance. Strategy highlights four key objections: the proposal is arbitrarily discriminatory against digital assets; it violates index providers' neutrality principles; it is impractical due to Bitcoin's volatility and accounting disparities; and it contradicts the U.S. government’s pro-digital asset strategy. The firm demands MSCI withdraw the proposal or extend consultations. Backed by industry advocates and data showing over 200 public companies hold more than 5% of Bitcoin’s supply, Strategy urges MSCI to let markets—not biased rules—determine the value of digital asset companies. The decision, expected by January 2026, could redefine the role of crypto-native firms in traditional finance.

深潮18h ago

Strategy Takes a Hard Line Against MSCI: The Ultimate Defense of DAT

深潮18h ago

Why Isn't Asia's Largest Bitcoin Treasury Company Metaplanet Buying the Dip?

Metaplanet, the Japanese company known as the "Asian MicroStrategy," has paused its Bitcoin accumulation strategy for ten consecutive weeks since September 30, despite the recent market correction. While giants like MicroStrategy continued buying—adding 10,624 BTC at an average of $90,615—Metaplanet shifted its focus to stock buybacks and capital structure improvements. This pause reflects a broader industry trend where Bitcoin treasury firms (DATs) are prioritizing risk management over aggressive accumulation. DATs have faced significant pressure, with median stock prices dropping 43% and some falling over 99%, leading Galaxy to warn of a "Darwinian phase" for the sector. Metaplanet’s tactical halt aims to protect shareholder value and avoid further dilution, especially after its mNAV fell below 1x. The company also seeks to avoid accounting losses under Japan’s conservative standards, as its Bitcoin holdings have over $500 million in unrealized losses with an average cost of $108,000. Instead, Metaplanet is leveraging Japan’s low-interest environment to develop innovative financing tools, such as the "Mercury" perpetual preferred stock offering a 4.9% yield—ten times local bank rates—with 73% of proceeds directed to Bitcoin purchases. It also uses Moving Strike Warrants (MSW) to raise capital without violating Japan’s market restrictions. The company benefits from unique advantages: yen depreciation enhances Bitcoin’s appeal as a hedge, and Japanese investors use tax-free NISA accounts to gain BTC exposure via Metaplanet stock. Major institutions like Capital Group have increased stakes, seeing lower financing costs and higher return potential compared to Western counterparts. However, short-term risks remain, including potential sell pressure if MSCI removes Metaplanet from its Japan Index due to high Bitcoin exposure. Ultimately, the pause is a strategic recalibration, not a retreat, highlighting the DAT sector’s maturation from aggressive accumulation to sustainable, risk-aware growth.

marsbit14h ago

Why Isn't Asia's Largest Bitcoin Treasury Company Metaplanet Buying the Dip?

marsbit14h ago

Can Strategy's Strong Defense Prevent MSCI from Excluding Digital Asset Companies?

Global index provider MSCI has proposed excluding companies with digital assets exceeding 50% of their total assets from its global investable market indices, a move that could trigger significant capital outflows—estimated at up to $8.8 billion—from firms like MicroStrategy. In response, MicroStrategy submitted a detailed rebuttal, arguing that the proposal is discriminatory, operationally impractical, and undermines both investor interests and U.S. strategic goals for digital asset leadership. The company emphasized that digital asset treasuries (DATs) are active businesses, not passive funds, and should be treated like other single-asset-focused firms such as oil or REIT companies. MicroStrategy urged MSCI to withdraw the proposal or extend the consultation period. The outcome, expected by January 2026, could significantly impact the integration of digital asset firms into traditional financial markets.

比推13h ago

Can Strategy's Strong Defense Prevent MSCI from Excluding Digital Asset Companies?

比推13h ago

Strategy Takes a Hardline Stance Against MSCI: What's in the 12-Page Open Letter of Defense?

In October 2024, MSCI proposed excluding companies with over 50% of their assets in digital assets from its global investable market indices, directly threatening Digital Asset Treasury (DAT) companies like MicroStrategy. Analysts warned this could trigger up to $8.8 billion in outflows, with MicroStrategy alone facing $2.8 billion in passive selling pressure. In response, MicroStrategy submitted a 12-page public letter to MSCI, strongly opposing the proposal as "misleading and destructive." The company argued that digital assets represent a revolutionary financial technology, comparable to historic infrastructure investments like oil or telecommunications. It emphasized that DATs are operational businesses with active revenue models, not passive funds, and criticized the 50% threshold as arbitrary, discriminatory, and impractical due to Bitcoin's volatility. MicroStrategy also accused MSCI of violating index neutrality and contradicting the U.S. government's pro-digital asset strategy. The company demanded MSCI withdraw the proposal or extend the consultation period. It is not alone—over 300 entities, including Strive and Bitcoin for Corporations, have joined opposition efforts, suggesting alternative indices instead of exclusion. The outcome, expected by January 2026, will significantly impact the integration of digital asset companies into traditional financial markets.

marsbit7h ago

Strategy Takes a Hardline Stance Against MSCI: What's in the 12-Page Open Letter of Defense?

marsbit7h ago

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