BTC $77,807.03 -3.61%
ETH $2,443.29 -2.95%
BNB $691.30 -3.34%
XRP $1.38 -4.74%
SOL $104.09 -4.05%
TRX $0.3410 +0.46%
DOGE $0.0852 -4.54%
ADA $0.2023 -6.04%
BCH $247.22 -8.28%
LINK $11.41 -4.34%
HYPE $80.31 -4.48%
AAVE $121.69 -6.23%
SUI $0.7413 -6.14%
XLM $0.1785 -4.56%
ZEC $804.48 -0.59%
BTC $77,807.03 -3.61%
ETH $2,443.29 -2.95%
BNB $691.30 -3.34%
XRP $1.38 -4.74%
SOL $104.09 -4.05%
TRX $0.3410 +0.46%
DOGE $0.0852 -4.54%
ADA $0.2023 -6.04%
BCH $247.22 -8.28%
LINK $11.41 -4.34%
HYPE $80.31 -4.48%
AAVE $121.69 -6.23%
SUI $0.7413 -6.14%
XLM $0.1785 -4.56%
ZEC $804.48 -0.59%

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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