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MicroStrategy's Saylor Predicts Bitcoin Bull Run in 2024. #MicroStrategy's executive chairman, Michael Saylor, expects significant growth in the value of Bitcoin in 2024. This forecast is based on two important upcoming events: the approval of Bitcoin spot Exchange Traded Funds (ETFs) by January 10, 2024, and the Bitcoin halving event scheduled for April. Second, it will reduce the number of Bitcoins mined daily from 900 to 450. Saylor, whose company has a large #Bitcoin portfolio, believes that these developments will trigger both demand and supply shocks in the market. In an interview with Bloomberg on Tuesday, he compared the potential impact of a spot Bitcoin ETF approved by the US SEC to historic Wall Street developments such as the introduction of S&P 500 index funds. This suggests that the approval of Bitcoin spot ETFs could be a pivotal moment that drives mainstream investors into the cryptocurrency space. In anticipation of this potential upside, #MicroStrategy is not only continuing, but increasing its investment strategy towards Bitcoin. The company recently bolstered its holdings with a $5.3 million purchase when Bitcoin's price was above $34,000. This move is in line with analysts' strong expectations for ETF approval and indicates MicroStrategy's further accumulation strategy based on these forecasts. MicroStrategy plans to use low-interest borrowing, or what Saylor calls "smart leverage" strategies, to further invest in the digital currency. This tactic is part of their preparation for anticipated market changes and underlines their confidence in Bitcoin's future value. $BTC $BNB

MicroStrategy's Saylor Predicts Bitcoin Bull Run in 2024.

#MicroStrategy 's executive chairman, Michael Saylor, expects significant growth in the value of Bitcoin in 2024. This forecast is based on two important upcoming events: the approval of Bitcoin spot Exchange Traded Funds (ETFs) by January 10, 2024, and the Bitcoin halving event scheduled for April. Second, it will reduce the number of Bitcoins mined daily from 900 to 450.

Saylor, whose company has a large #Bitcoin portfolio, believes that these developments will trigger both demand and supply shocks in the market. In an interview with Bloomberg on Tuesday, he compared the potential impact of a spot Bitcoin ETF approved by the US SEC to historic Wall Street developments such as the introduction of S&P 500 index funds. This suggests that the approval of Bitcoin spot ETFs could be a pivotal moment that drives mainstream investors into the cryptocurrency space.

In anticipation of this potential upside, #MicroStrategy is not only continuing, but increasing its investment strategy towards Bitcoin. The company recently bolstered its holdings with a $5.3 million purchase when Bitcoin's price was above $34,000. This move is in line with analysts' strong expectations for ETF approval and indicates MicroStrategy's further accumulation strategy based on these forecasts.

MicroStrategy plans to use low-interest borrowing, or what Saylor calls "smart leverage" strategies, to further invest in the digital currency. This tactic is part of their preparation for anticipated market changes and underlines their confidence in Bitcoin's future value.

$BTC $BNB

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Analysts spoke: Is the decline in Bitcoin (BTC) normal? The decline in #BTC price after the Bitcoin halving worries investors. However, most analysts who have a large number of followers on social media prefer to stay on the cool side. The cryptocurrency with the largest market value has lost nearly 20 percent in value in the last three months. Traders are of the opinion that this movement is a normal correction that occurs during the market cycle. “It was necessary for the halving cycle” Famous cryptocurrency phenomenon Rekt Capital shared in his post on his X account that the retreat in BTC price is compatible with the halving cycle. Although Rekt Capital admitted that the withdrawal of Bitcoin price and the horizontal trend was painful, he comforted investors with these words: This is exactly what is needed for the cycle to get back into sync with historical price norms and the traditional halving cycle. “The fourth correction in Bitcoin in a year” Another name that remained calm regarding the downward movements was Real Vision CEO Raoul Pal. Pal is of the opinion that the fourth 20 percent correction seen in the last year is quite ordinary. Real Vision CEO, who maintained his cool demeanor in his post on his X account, included the following words: “This is the 4th 20% correction in BTC in 12 months… pretty commonplace.” #ScamRiskWarning According to Pal's post, the BTC price faced similar corrections in February, June and August 2023. Bitcoin experienced declines approaching 20 percent in the first weeks of 2024 and today.
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Another “Token Unlock” Move from Ripple! Unlocked 500 Million XRPs! Another “Token Unlock” Move from Ripple! Unlocked 500 Million XRPs! XRP, one of the altcoins followed carefully by cryptocurrency investors, came to the fore after Ripple removed 500 million coins from its escrow wallet. This development has led to various speculations within the altcoin's community regarding the potential effects of XRP on market dynamics. Whale Alert, a platform that monitors on-chain transactions, recently reported that Ripple had removed 500 million XRP from its escrow wallet, causing great repercussions in the cryptocurrency world. This routine practice of Ripple involves removing 1 billion XRP monthly from escrow to the wallet, often distributed across multiple transactions. Ripple argues that it maintains market liquidity in this way. While such increases in supply may put temporary pressure on the price, a large portion of the released XRP is then locked back into the escrow wallet, contributing to long-term price stability. Despite short-term concerns about potential price impacts, Ripple's strategy underscores its commitment to ecosystem integrity amid regulatory uncertainty. As demand from various stakeholders such as businesses, partners, and exchanges continues to grow, Ripple's approach is part of a balanced approach that aims to keep the ecosystem healthy beyond momentary market fluctuations. XRP is moving on a downward trajectory along with the market-wide downward movement. In addition, Ripple's recent release of 500 million coins from its escrow wallet increased the downward pressure on the price of XRP. It raised concerns about its effects on the price of XRP. Moreover, it was determined that the XRP investor in question had recently transferred large amounts of XRP. While the price of XRP decreased by 2.74 percent to $0.4995 in the last 24 hours, the transaction volume increased by 31.66 percent to $1.37 billion. Data shows that the altcoin hit a high of $0.5139 and a low of $0.4905 in the last 24 hours. $BTC $XRP
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The Reason for Bitcoin's Fall Has Been Revealed: Why Is BTC Falling? One of the most important reasons behind Bitcoin's decline is the Fed's expected interest rate decision and Fed Chairman Powell's statements. Markets are experiencing anxiety about possible statements to be made by Powell following the decision to be announced today. Decreasing ETF investments also contributed to the decline in cryptocurrencies, especially Bitcoin. In the last week, all Bitcoin ETFs closed each day in minus. There was a net investment outflow of over $500 million from ETFs in a few days. Speaking to Reuters, Fineqia research analyst Matteo Greco said, “The recent downward trend can be attributed to increased profit taking by investors who entered the market during the 2022 and 2023 crises, as well as by ETF investors who witnessed a significant price increase in their shares after entering the market in the first weeks of 2024.” he commented. According to Reuters, from a macro perspective, the Fed is not expected to make any changes to interest rates, but the view among investors that the central bank may not cut interest rates at all this year and could deal a blow to interest rate-sensitive assets such as cryptocurrencies, emerging market stocks and bonds, and even commodities is taking root. . On the other hand, it is noted that traders who are concerned that the Fed will keep interest rates at high levels for a longer time are considering the possibility of a big movement in the stock market. The Fed will announce its interest rate decision at 21.00 this evening. Powell's press conference will be held at 21.30. #ScamRiskWarning #FreeCZ
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