David Bailey shared a significant inside report regarding a country actively accumulating Bitcoin at a rapid pace, although he refrained from revealing the name of the country.
David Bailey is the CEO of the well-known Bitcoin media company, “Bitcoin Magazine.” Over the past few months, he has made substantial contributions to former U.S. President Donald Trump’s campaign, positioning him as a pro-Bitcoin political leader.
On November 10, 2024, Bailey stated that there is at least one country currently purchasing Bitcoin (BTC) with its treasury funds. According to him, this country now ranks among the top five in terms of Bitcoin holdings. Many people speculated that it might be either Qatar or Saudi Arabia. However, Bailey clarified that it was not China, Ukraine, the United Kingdom, Finland, or Georgia.
David expressed confidence that the country will soon make an official announcement.
There is at least one nation state that has been actively acquiring Bitcoin and is now a top 5 holder. Hopefully we hear from them soon.
— David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) November 9, 2024
Bitcoin’s New All-Time Highs
In recent days, Bitcoin has been continuously reaching new all-time highs. Today, Bitcoin hit $80,000 on the leading crypto exchange, Binance.
Binance market data shows that BTC has broken through $80,000, setting a new all-time high. It is currently priced at $79,682, up 4.24% in 24 hours.
— Wu Blockchain (@WuBlockchain) November 10, 2024
At the time of this article’s publication, the trading price of Bitcoin stands at $79,353.
The current trade price of #Bitcoin is $79,353 pic.twitter.com/Ua4lKd8DnB
— Bitcoinik (@Bitcoinikdotcom) November 10, 2024
A prominent crypto analyst commented that Bitcoin is now moving towards the $100,000 level, with the graph pattern supporting this trend.
#Bitcoin Road to $100,000! 🚀#BTC is finally breaking out! 💥What a time to be alive! pic.twitter.com/4b5t1DVot6
— Titan of Crypto (@Washigorira) November 10, 2024
Many crypto analysts noted that liquidity is currently down on most crypto exchanges, making the $100,000 milestone for Bitcoin easily achievable from this point.
Ethereum’s Struggle
Despite the fact that Ethereum’s (ETH) price surged by 31% over the last 30 days, it still hasn’t surpassed its previous all-time high. The current trading price of Ethereum is $3,192.
Current #Ethereum trade price is $3,191 pic.twitter.com/f45VHdX3tZ
— Bitcoinik (@Bitcoinikdotcom) November 10, 2024
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