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BTC $75,591.45 -2.25%
ETH $2,347.91 -3.32%
BNB $631.25 -1.35%
XRP $1.42 -3.81%
SOL $86.04 -3.71%
TRX $0.3295 +0.81%
DOGE $0.0946 -5.55%
ADA $0.2478 -5.21%
BCH $445.04 -2.10%
LINK $9.27 -3.86%
HYPE $44.08 -0.82%
AAVE $107.22 -8.56%
SUI $0.9539 -6.00%
XLM $0.1678 -3.03%
ZEC $322.81 -2.93%

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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