CryptoQuant CEO: If BTC breaks through $100,000, it will enter a price discovery phase, and profits may further increase
CryptoQuant CEO Ki Young Ju posted on X saying, "In the past 30 days, MicroStrategy (MSTR) has spent $13.5 billion to buy 149,900 BTC, increasing its position value by $21.5 billion.
The Bitcoin market cannot absorb tens of billions of dollars in the short term without pushing up prices, so returns are almost inevitable. If BTC breaks through $100,000, then as it enters the price discovery phase, earnings may further increase."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Suntex retires 50 million common shares, cutting outstanding count to 721,550,223
US natural gas prices ride a "roller coaster"! Pipeline leak triggers a 9% surge before falling back; market expects supply disruption to be brief
U.S. natural gas futures turned lower on Friday, giving back part of the previous session’s sharp gains.
Cathie Wood Takes ARK Venture Fund Onchain With Securitize
Crypto prices
More
