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BTC $62,599.00 -1.63%
ETH $1,671.04 -1.16%
BNB $596.77 -0.96%
XRP $1.13 -0.18%
SOL $66.04 -0.92%
TRX $0.3220 -1.74%
DOGE $0.0853 -1.31%
ADA $0.1671 -0.31%
BCH $206.15 -0.78%
LINK $7.85 -1.65%
HYPE $61.89 +0.04%
AAVE $62.23 -3.37%
SUI $0.7489 -1.63%
XLM $0.1964 -3.02%
ZEC $465.86 +6.84%

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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