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BTC $62,846.27 -0.46%
ETH $1,669.62 +0.13%
BNB $602.50 +1.35%
XRP $1.17 +2.16%
SOL $66.79 +1.32%
TRX $0.3236 -0.84%
DOGE $0.0862 +0.96%
ADA $0.1690 +3.52%
BCH $209.46 -1.66%
LINK $7.92 +0.38%
HYPE $62.09 -1.35%
AAVE $62.85 +0.51%
SUI $0.7497 -0.91%
XLM $0.2013 -0.69%
ZEC $464.95 +7.51%

CryptoQuant CEO: If BTC breaks through $100,000, it will enter the price discovery phase, and profits may further increase

2024-12-03 08:19:46
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ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X: "In the past 30 days, MicroStrategy (MSTR) spent $13.5 billion to buy 149,900 BTC, and the value of their holdings has increased by $21.5 billion.

The Bitcoin market cannot absorb tens of billions of dollars in the short term without driving up prices, so returns are almost inevitable. If BTC breaks through $100,000, then as it enters the price discovery phase, gains could further increase."

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