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BTC $77,131.80 -1.05%
ETH $2,140.21 -1.72%
BNB $645.55 -1.31%
XRP $1.39 -1.21%
SOL $85.58 -0.57%
TRX $0.3559 -0.07%
DOGE $0.1053 -4.10%
ADA $0.2524 -0.38%
BCH $376.79 -8.55%
LINK $9.59 -0.96%
HYPE $47.40 +1.59%
AAVE $89.70 -0.43%
SUI $1.06 -0.21%
XLM $0.1477 -1.93%
ZEC $565.62 +4.72%

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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