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GOOGL $283.93 -0.18%
MSFT $531.82 +0.21%
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NVDA $180.76 -3.50%
TSLA $356.55 -0.53%
SNDK $820.54 -1.60%
INTC $55.72 -0.73%
SPCX $134.91 +0.10%
MU $679.21 -1.83%
AMD $449.93 +0.63%

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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