What happened?
On November 10, Bitcoin's price broke through the $81,000 mark, and the Crypto Fear and Greed Index rose to 78 points, entering the 'extreme greed' zone, the highest point since April of this year, indicating continued optimism in market sentiment.
The price of Bitcoin continues to rise, with a significant increase in interest in 'Bitcoin' searches on Google. Many companies and countries, such as MicroStrategy, Bhutan, and El Salvador, that have long-term investments in Bitcoin have also seen considerable returns recently.
With the Bitcoin halving event occurring in 2024 and Donald Trump being elected as President of the United States, the market expects a strong easing of future cryptocurrency policies, leading to a significant rise in sentiment indicators. Analysts predict that before Trump's inauguration on January 20, 2025, Bitcoin may have even more room for price increases.
MicroStrategy's Bitcoin holdings exceed $20.5 billion, with strategic investments yielding over 104% profit.
As Bitcoin's price climbs to $81,617, setting a new historical high, MicroStrategy's Bitcoin holdings have now surpassed $20.5 billion, with investment returns reaching 104%, demonstrating strong strategic patience and foresight.
So far, MicroStrategy remains the largest corporate holder of Bitcoin in the world, followed by Bitcoin miners Marathon Digital and Riot Platforms, which hold Bitcoin valued at $2.1 billion and $840 million respectively.
According to the data platform 'Saylor Tracker', MicroStrategy has now purchased a total of 252,200 Bitcoins in 42 installments at an average cost of $39,292. The company plans to raise another $42 billion in the next three years to continue expanding its investment and purchasing strategy.
MicroStrategy founder Michael Saylor has been actively promoting the long-term strategy of 'using Bitcoin as a company asset reserve', and his continued buying actions have not only driven Bitcoin's market value but also influenced investment decisions by other large institutions.
Market experts point out that as Bitcoin is further incorporated into institutional investment portfolios, the supply-demand balance in the market may continue to be pushed higher, providing long-term support for Bitcoin's future price performance.
Especially the weekend's increase is a positive signal for Bitcoin ETFs and Bitcoin-related stocks.
For example, the iShares Bitcoin Trust ETF (IBIT) rose 11% last week to $43.69, setting a new historical high, while Coinbase's stock price (COIN) also increased by 48% to $270.74.
Others, such as Bitcoin miner Terawulf Inc (WULF) and CoinShares Valkyrie Bitcoin Miners ETF (WGMI), have also seen their stock prices reach new highs this year due to the enthusiasm generated by Bitcoin.
A global Bitcoin craze has erupted, with Bhutan and El Salvador seeing considerable returns from holding Bitcoin.
The rise in Bitcoin has also driven up the value of cryptocurrency assets in other countries.
Since 2021, El Salvador has announced the initiation of a Bitcoin investment strategy, continuously purchasing 1 Bitcoin daily. It has now accumulated 5,930 Bitcoins, valued at over $482 million, with investments growing by 80%.
The National Bitcoin Office of El Salvador
El Salvador not only relies on Bitcoin reserves for appreciation but also increases revenue for the treasury through a 'passport program' that offers residency visas and citizenship to those willing to purchase $1 million in Bitcoin, as well as the 'volcano mining project'.
Despite initially facing criticism as the cryptocurrency market entered a bull market and prices fell continuously, El Salvador's strategy seems to show stable growth benefits after a significant rebound in Bitcoin prices, gradually changing external perceptions of its investment policies.
Additionally, according to data from blockchain analysis firm Arkham Intelligence, Bhutan's Bitcoin holdings have now exceeded $1 billion, accounting for 32% of the country's GDP, making it one of the few countries to classify Bitcoin as a national reserve asset.
Bhutan is also constructing large-scale Bitcoin mining facilities, hoping to consider Bitcoin as part of its strategic reserves to enhance its economic stability.
Reference materials: cointelegraph, cointelegraph
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