Donald Trump

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The frenzy related to Donald Trump and Bitcoin is far from breathing its last. As Bitcoin is scaling new highs above and around $82,000, Donald Trump is giving his policy a final touch to make America great again. In the mix of all these developments, MicroStrategy stole the limelight again with a fresh Bitcoin buying worth $2 billion. 
 
According to the latest media reports, MicroStrategy fortified its commitment to Bitcoin by purchasing 27,200 more BTC tokens on Monday. The acquisition worth $2.03 billion has boosted MicroStrategy’s total holdings to 279,420 Bitcoin tokens. It is a bold strategy, not on the micro level. The crypto market is still celebrating Donald Trump’s recent victory in the US Elections 2024. As expected, Bitcoin is at the forefront by scaling a new milestone every other day.&nbsp; 
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<h2 id="b-microstrategy-s-recent-bitcoin-buying-spree-b">MicroStrategy’s Recent Bitcoin Buying Spree</h2> 
Perhaps this is exactly what Bitcoin needed. MicroStrategy has been buying counters in the last couple of weeks and is busy adding more to its already astonishing Bitcoin pile. Bitcoin woke up to the political sensation on November 6 when it celebrated Trump’s victory with a fresh all-time high of $74,445.82. Since then, a northbound rally has taken Bitcoin well above the once-distant $80,000 mark. Earlier on Monday (November 11, 2024), Bitcoin price skyrocketed to a new all-time peak of $82,371.88, breaking all barriers. As analysts and experts are now talking about Bitcoin marching towards $100,000 before the year-end, MicroStrategy looks to have a crucial role to play.&nbsp; 
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<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-7762" src="https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.35-A-vibrant-landscape-image-capturing-Bitcoin-reaching-unprecedented-value-celebrated-by-the-crypto-community-corporations-and-political-leaders.-The.webp" alt="MicroStrategy Bitcoin Pile Rises Again: Will Institutions Follow Suit?" width="1792" height="1024" srcset="https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.35-A-vibrant-landscape-image-capturing-Bitcoin-reaching-unprecedented-value-celebrated-by-the-crypto-community-corporations-and-political-leaders.-The.webp 1792w, https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.35-A-vibrant-landscape-image-capturing-Bitcoin-reaching-unprecedented-value-celebrated-by-the-crypto-community-corporations-and-political-leaders.-The-300x171.webp 300w, https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.35-A-vibrant-landscape-image-capturing-Bitcoin-reaching-unprecedented-value-celebrated-by-the-crypto-community-corporations-and-political-leaders.-The-1024x585.webp 1024w, https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.35-A-vibrant-landscape-image-capturing-Bitcoin-reaching-unprecedented-value-celebrated-by-the-crypto-community-corporations-and-political-leaders.-The-768x439.webp 768w, https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.35-A-vibrant-landscape-image-capturing-Bitcoin-reaching-unprecedented-value-celebrated-by-the-crypto-community-corporations-and-political-leaders.-The-1536x878.webp 1536w" sizes="auto, (max-width: 1792px) 100vw, 1792px"> 
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From October 31 to November 10, MicroStrategy acquired Bitcoin at an average price of $74,463 per coin. The latest purchase of $2.03 billion further fortifies MicroStrategy’s position as the largest corporate holder of Bitcoin and exhibits its confidence in Bitcoin as a stable store of value. The latest Bitcoin purchase followed news that MicroStrategy missed its revenue target for the last quarter, reporting $116 million as against an expectation of $122.66 million and a year-to-date Bitcoin yield of 17.8%. However, MicroStrategy didn’t let numbers come in its way of purchasing more Bitcoin as it plans to raise a whopping $42 billion in capital over the next few years.&nbsp; 
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<h2 id="b-how-trump-s-presidency-proves-to-be-a-catalyst-for-bitcoin-growth-b">How Trump’s Presidency Proves to be a Catalyst for Bitcoin Growth</h2> 
Donald J. Trump was elected as the 47th US President on November 5; the results came on November 6. Since that day, the world’s major markets have been in a frenzy, and the crypto market is no exception. Bitcoin romped up to a new all-time high on the day of the US election result and has continued to rise since then. On November 11, 2024, Bitcoin smashed yet another all-time high of $82,371.88.&nbsp; 
Donald Trump’s reelection as US President has played a key role in Bitcoin’s recent boisterous performance. JPMorgan analysts believe that Bitcoin and gold will benefit from the Trump administration’s policies in the future. Experts believe that Trump’s policies might aim to create an inflationary environment, as they could involve both tariffs and increased fiscal spending. It all bodes well for Bitcoin’s reputation as a hedge against inflation. 
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<h2 id="b-will-institutions-follow-microstrategy-s-suit-b">Will Institutions Follow MicroStrategy’s Suit?</h2> 
MicroStrategy, as the largest corporate holder of Bitcoin, has what it takes to set the tone for other stakeholders to follow. Its aggressive Bitcoin buying is setting the tone for other institutions. But the question is: Will institutions follow MicroStrategy’s suit? In a time when conventional assets are facing mounting pressures, Bitcoin has emerged as the perfect solution for big corporates to hedge not only against inflation but also against currency devaluation. In this scenario, it looks highly likely that other institutions and corporations will follow MicroStrategy’s lead in buying Bitcoin as a reserve asset.&nbsp; 
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<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-7764" src="https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.31-A-powerful-landscape-image-depicting-Bitcoins-surge-to-unprecedented-value-supported-by-top-corporations-political-leaders-and-the-crypto-communit.webp" alt="MicroStrategy Bitcoin Pile Rises Again: Will Institutions Follow Suit?" width="1792" height="1024" srcset="https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.31-A-powerful-landscape-image-depicting-Bitcoins-surge-to-unprecedented-value-supported-by-top-corporations-political-leaders-and-the-crypto-communit.webp 1792w, https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.31-A-powerful-landscape-image-depicting-Bitcoins-surge-to-unprecedented-value-supported-by-top-corporations-political-leaders-and-the-crypto-communit-300x171.webp 300w, https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.31-A-powerful-landscape-image-depicting-Bitcoins-surge-to-unprecedented-value-supported-by-top-corporations-political-leaders-and-the-crypto-communit-1024x585.webp 1024w, https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.31-A-powerful-landscape-image-depicting-Bitcoins-surge-to-unprecedented-value-supported-by-top-corporations-political-leaders-and-the-crypto-communit-768x439.webp 768w, https://deythere.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-19.27.31-A-powerful-landscape-image-depicting-Bitcoins-surge-to-unprecedented-value-supported-by-top-corporations-political-leaders-and-the-crypto-communit-1536x878.webp 1536w" sizes="auto, (max-width: 1792px) 100vw, 1792px"> 
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<h2 id="b-the-final-word-what-s-next-for-bitcoin-b">The Final Word: What’s Next for Bitcoin?</h2> 
As Bitcoin enjoys the limelight, achieving one milestone after another, it is set to march towards the next big milestone, $100,000, by the end of the year. Apart from political bulls, top corporations like MicroStrategy also have a major role to play in keeping the Bitcoin rally alive. These endorsements from MicroStrategy and JPMorgan will further establish Bitcoin as a reserve asset and help it join the mainstream financial model.&nbsp; 
If Donald Trump adopts pro-crypto policies, it will spark an unprecedented rally in the crypto market. This would take Bitcoin and altcoins to levels never before seen. For now, the sentiment is bullish, but investors must stay vigilant because of the traditional volatility associated with digital assets. One thins is for sure: the story of Bitcoin is far from over, and as MicroStrategy continues to lead the rest, the crypto world watches with high anticipation.&nbsp; 
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MicroStrategy Bitcoin Pile Rises Again: Will Institutions Follow Suit?

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