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CryptoQuant CEO: If BTC breaks through $100,000, it will enter a price discovery phase, and profits may further increase
Bitget2024/12/03 01:04
CryptoQuant CEO Ki Young Ju posted on X saying, "In the past 30 days, MicroStrategy (MSTR) has spent $13.5 billion to buy 149,900 BTC, increasing its position value by $21.5 billion.
The Bitcoin market cannot absorb tens of billions of dollars in the short term without pushing up prices, so returns are almost inevitable. If BTC breaks through $100,000, then as it enters the price discovery phase, earnings may further increase."
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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