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BTC $62,638.65 -0.76%
ETH $1,670.55 +0.04%
BNB $599.50 +0.32%
XRP $1.14 +0.77%
SOL $66.12 -0.05%
TRX $0.3212 -1.49%
DOGE $0.0853 -0.28%
ADA $0.1675 +2.03%
BCH $207.06 +0.98%
LINK $7.87 -0.13%
HYPE $61.95 +0.97%
AAVE $62.05 -1.91%
SUI $0.7459 -0.45%
XLM $0.1971 -1.95%
ZEC $470.36 +10.19%

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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