According to ChainCatcher, as reported by Cointelegraph, capital advisor Jeff Walton's latest research shows that even if the price of Bitcoin plummets by 80% to below $20,000, MicroStrategy's Bitcoin investment strategy remains robust. Data indicates that the company's assets would only fall below liabilities when the price of Bitcoin drops to $18,826.
Charles Edwards, founder of the quantitative fund Capriole Investments, points out that institutional demand for Bitcoin is experiencing explosive growth, currently showing three significant characteristics: first, MicroStrategy continues to raise billions of dollars weekly to purchase Bitcoin; second, mining company MARA is undergoing a $1 billion financing plan to increase its Bitcoin holdings by 30%; third, Bitcoin held by institutions and ETFs has reached 13.5% of the total circulating supply and is growing exponentially.
Edwards further predicts that the current trend of institutions adopting Bitcoin is still in its early stages. He believes that once the price of Bitcoin breaks through the $100,000 mark, it will trigger a larger market rally.
