MicroStrategy Added 15.4K Bitcoin for $1.5B as Saylor Pitches BTC to Microsoft
The purchases took place over the week ended Sunday and were funded with share sales under the company's ATM program.
The purchases took place over the week ended Sunday and were funded with share sales under the company's ATM program.
Your day-ahead look for Dec. 2, 2024.
Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, has been on an astounding run since President-elect Donald Trump won the election on Nov. 5. While Bitcoin can be volatile and is tough to value given that it has no intrinsic value, some think the party might just be getting started and that Bitcoin will soon blow through $100,000 and surge much higher over the next 18 months. While most Bitcoin followers have heard MicroStrategy's Michael Saylor make the bold call that Bitcoin will hit $13 million in about two decades, this latest call is not from the billionaire but from two analysts at a respected Wall Street firm.
Analyst Mark Palmer shares a few tidbits about why bitcoin is still a bullish play.
Global spot trading volume on crypto exchanges reached $2.7 trillion in November, marking the highest monthly total since May 2021.
Major cryptocurrencies declined ahead of Monday's opening bell, with Ripple's XRP standing out as an
The price of Bitcoin has surged since election night and briefly flirted with $100,000. Investors are bullish on a better regulatory environment under President-elect Donald Trump, as well as a lower interest rate environment, in which crypto has previously performed well. It's not uncommon for other cryptocurrencies to follow Bitcoin's lead because it's a bellwether for the industry.
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” predicts a surge in Bitcoin‘s (CRYPTO: BTC) value and warned of an impending wealth disparity in a recent post. What Happened: On Saturday, Kiyosaki took to X to express his views on the future of Bitcoin and the potential wealth gap it could create. He stated, “Bitcoin will soon break $100,000. Once Bitcoin passes $100,000 it will be almost impossible for the poor and middle class to catch up.” Don’t Miss: If you invested $100 in DOGE when Elo
"MicroStrategy found a way to outperform Bitcoin," Saylor told the WSJ. "The way that we outperform Bitcoin, in essence, is we just lever up Bitcoin."
Bitcoin has surged by 129% in 2024, driven by the April halving event and the U.S. Presidential election.