Bitcoin has once again refreshed its ATH, approaching $98000, and the $100,000 mark is just around the corner. It is said that Trump will establish the first cryptocurrency position in the White House after taking office on January 20 next year, which is undoubtedly a huge benefit for cryptocurrencies and will help continue to push up the price of Bitcoin.
Polymarket predictive data shows that the probability of Bitcoin breaking $100,000 this year has risen to 74%. There is even more optimism for Bitcoin's price next year, with PlanC's valuation model estimating a peak price range for next year's bull market at $193,000 to $288,000.
MicroStrategy is also heavily purchasing Bitcoin, having bought $6.6 billion worth of Bitcoin in the last two weeks, and plans to increase the amount of funds raised for purchasing Bitcoin from the originally planned $1.75 billion to $2.6 billion. Since MicroStrategy incorporated Bitcoin into its investment assets, its stock price has skyrocketed, setting new highs. They currently hold 331,200 Bitcoins, with a total value exceeding $31 billion, creating a profit of $14.9 billion for the company, with a profit margin of 90%. This impressive performance is undoubtedly attractive to other peers. When the new U.S. government is established next year and fully embraces cryptocurrencies, more and more companies will flood in to buy Bitcoin, and with Bitcoin's maximum supply limited to 21 million coins, it will be a tough market with high demand and low supply, ushering in a new era where it is hard to obtain a single coin. 😜
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