BTC $64,102.46 +1.07%
ETH $1,895.13 -0.09%
BNB $602.70 -0.30%
XRP $0.9953 -0.67%
SOL $75.92 +0.44%
TRX $0.3331 +0.15%
DOGE $0.0697 -0.70%
ADA $0.1728 -1.68%
BCH $203.84 -0.73%
LINK $9.41 +0.22%
HYPE $59.63 +0.20%
AAVE $88.24 +2.52%
SUI $0.6449 -4.81%
XLM $0.1535 -2.79%
ZEC $505.16 -1.47%
BTC $64,102.46 +1.07%
ETH $1,895.13 -0.09%
BNB $602.70 -0.30%
XRP $0.9953 -0.67%
SOL $75.92 +0.44%
TRX $0.3331 +0.15%
DOGE $0.0697 -0.70%
ADA $0.1728 -1.68%
BCH $203.84 -0.73%
LINK $9.41 +0.22%
HYPE $59.63 +0.20%
AAVE $88.24 +2.52%
SUI $0.6449 -4.81%
XLM $0.1535 -2.79%
ZEC $505.16 -1.47%

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

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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