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BTC $76,963.02 -1.37%
ETH $2,291.86 -2.79%
BNB $624.39 -1.66%
XRP $1.39 -2.27%
SOL $84.43 -2.39%
TRX $0.3261 +0.79%
DOGE $0.0981 -0.69%
ADA $0.2459 -2.29%
BCH $448.73 -1.06%
LINK $9.24 -2.24%
HYPE $41.46 -1.26%
AAVE $96.93 +0.44%
SUI $0.9257 -1.78%
XLM $0.1649 -3.20%
ZEC $352.51 -1.31%

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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