Bitcoin

President Trump

<p>Bitcoin (BTC) surged past $106,500 this week following MicroStrategy’s $1.5 billion BTC purchase, sparking increased institutional confidence. Many now view $120,000 as its next major milestone.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=MicroStrategy+Fuels+Bitcoin+Rally+With+%241.5B+Buy+As+%24120K+Becomes+The+Next+Target" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="wp-image-53959 size-full aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/0B857336-1674-40D9-B314-0837568BC39D.jpeg" alt="Ripple CEO Spills the Beans on 60 Minutes with XRP's Vision" width="728" height="90" title="MicroStrategy Fuels Bitcoin Rally With $1.5B Buy As $120K Becomes The Next Target 49" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/0B857336-1674-40D9-B314-0837568BC39D.jpeg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/0B857336-1674-40D9-B314-0837568BC39D-300x37.jpeg 300w" sizes="(max-width: 728px) 100vw, 728px"></a></p> 
<h2 id="strong-microstrategy-holds-45b-in-bitcoin-eyes-42b-growth-strong"><strong>MicroStrategy Holds $45B in Bitcoin, Eyes $42B Growth</strong></h2> 
<p>MicroStrategy has made another bold move, <a href="https://cointelegraph.com/news/microstrategy-buys-15350-bitcoin-100k-per-btc" rel="nofollow noopener" target="_blank">purchasing 15,350 BTC</a> at a price exceeding $100,000 per coin. This acquisition brings their total Bitcoin holdings to 439,000 BTC, valued at over $45 billion. Under the leadership of CEO Michael Saylor, the company is sitting on unrealized profits of nearly $18 billion, becoming the largest corporate holder of Bitcoin. Saylor’s strategy—using debt to fund these purchases—reflects his strong belief in Bitcoin’s long-term potential as a digital store of value.</p> 
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  MicroStrategy Holds $45B in BTC, Eyes $42B Growth
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<p>The CEO calls it the “<a href="https://www.cryptotimes.io/2024/12/17/microstrategys-saylor-sees-bitcoin-as-cyber-manhattan/" rel="nofollow noopener" target="_blank">Cyber Manhattan</a>” of the digital age, as he compares buying BTC today to investing in Manhattan’s real estate over the past 300 years.<em> “Every day is a good day to buy BTC,”</em> he adds. Looking ahead, he has expressed ambitious plans to increase the company’s Bitcoin holdings by an additional $42 billion by 2028.</p> 
<h2 id="strong-market-response-optimism-meets-caution-strong"><strong>Market Response: Optimism Meets Caution</strong></h2> 
<p>Saylor’s approach has been met with mixed reactions. While some view his approach as groundbreaking, sceptics warn it exposes MicroStrategy to significant risks during potential market corrections. Nevertheless, for supporters, the move represents a bold bet on Bitcoin’s future dominance in global finance. However, the debate continues as critics question whether it can maintain an upward momentum during times of volatility.</p> 
<h2 id="strong-bitcoin-s-institutional-adoption-strengthens-its-status-as-digital-gold-strong"><strong>Bitcoin’s Institutional Adoption Strengthens Its Status as ‘Digital Gold</strong></h2> 
<p>MicroStrategy’s latest BTC buy fuels optimism around institutional adoption, with analysts predicting it could reach $108,000–$110,000. The company’s <a href="https://www.yahoo.com/news/m/cf9cce28-391f-33b2-9c40-8c6d8c079bed/bitcoin-lifted-by-optimism.html" rel="nofollow noopener" target="_blank">inclusion in the Nasdaq 100</a>&nbsp;is a key moment for cryptocurrency, further strengthening its influence in the space.&nbsp; Firms like Marathon Digital and Riot Platforms are also increasing their holdings, tightening supply. Moreover, BTC recently surged past $102,000, trading at $100,769, with ETF inflows totaling $34.58 billion.</p> 
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 <img loading="lazy" decoding="async" class="wp-image-77099 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/BITCOIN-DIGITAL-GOLD.webp" alt="BTC's Institutional Adoption Strengthens Its Status as 'Digital Gold" width="1792" height="1024" title="MicroStrategy Fuels Bitcoin Rally With $1.5B Buy As $120K Becomes The Next Target 51" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/BITCOIN-DIGITAL-GOLD.webp 1792w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/BITCOIN-DIGITAL-GOLD-300x171.webp 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/BITCOIN-DIGITAL-GOLD-1024x585.webp 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/BITCOIN-DIGITAL-GOLD-768x439.webp 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/BITCOIN-DIGITAL-GOLD-1536x878.webp 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/BITCOIN-DIGITAL-GOLD-860x491.webp 860w" sizes="(max-width: 1792px) 100vw, 1792px">
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  BTC’s Institutional Adoption Strengthens Its Status as ‘Digital Gold
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<p>&nbsp;</p> 
<p>Bitcoin’s assets under management have reached $107 billion, with U.S. ETFs seeing their tenth consecutive day of inflows, totalling $223.03 million. Cryptocurrency analyst Ali Martinez notes, <em>“The ongoing institutional adoption of BTC is transformative. As ETFs and other institutional products continue to draw capital, BTC’s value proposition as digital gold becomes clearer.”</em> With former President Trump backing more crypto-friendly regulations, its mainstream adoption is expected to rise.</p> 
<h2 id="strong-is-120-000-btc-s-next-strong"><strong>Is $120,000 BTC’s Next?</strong></h2> 
<p>BTC’s technical outlook remains strong, with BTC/USD near $106,520, up 1.74% in the last 24 hours. An ascending channel supports the price, and the 50-day EMA at $104,390 serves as critical support. Key support levels are $105,535 and $104,430, while resistance lies at $107,217, $108,466, and $109,531. The RSI is at 63, indicating solid buying momentum. A sustained break above $107,217 could drive this crypto toward higher resistance zones, with analysts eyeing a potential move to $120,000. On the downside, a dip below $105,535 may lead to short-term corrections and ease the current rally.</p> 
<h2 id="strong-conclusion-strong"><strong>Conclusion:</strong></h2> 
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      <p>Bitcoin’s recent surge past $106,500, fueled by MicroStrategy’s bold $1.5 billion BTC buy, signals a growing wave of confidence in its potential with many now eyeing $120,000 as the next milestone. Saylor’s debt usage to accumulate BTC has sent a clear message: institutions are increasingly viewing this coin as a reliable store of value—a kind of “digital gold.” However, market volatility remains a challenge, and sceptics question its long-term sustainability. Nonetheless, its growing role in global finance is becoming undeniable.</p> 
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<p>Stay tuned to&nbsp;<a href="https://thebitjournal.com/">The BIT Journal</a>&nbsp;and watch Crypto’s updates. Follow us on&nbsp;<a href="https://twitter.com/Thebitjournal_" rel="nofollow noopener" target="_blank">Twitter</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/company/the-bit-journal/" rel="nofollow noopener" target="_blank">LinkedIn</a>, and join our&nbsp;<a href="https://t.me/thebitjournal" rel="nofollow" target="_blank">Telegram</a>&nbsp;channel to be instantly informed about breaking news!</p> 
<h2 id="strong-frequently-asked-questions-faqs-strong"><strong>Frequently Asked Questions (FAQs)</strong></h2> 
<p><strong> Why did Bitcoin surge past $106,500 this week?</strong><br> Bitcoin surged due to MicroStrategy’s $1.5 billion BTC purchase, boosting institutional confidence.</p> 
<p><strong> How much Bitcoin does MicroStrategy currently hold?</strong><br> MicroStrategy holds 439,000 BTC, valued at over $45 billion.</p> 
<p><strong> What price did MicroStrategy pay for its latest Bitcoin purchase?</strong><br> MicroStrategy purchased 15,350 BTC at over $100,000 per coin.</p> 
<p><strong> What is Michael Saylor’s strategy for Bitcoin purchases?</strong><br> Saylor uses debt to fund Bitcoin purchases, believing in BTC’s long-term value as a digital store of value.</p> 
<p><strong> What are MicroStrategy’s future Bitcoin goals?</strong><br> MicroStrategy plans to grow its Bitcoin holdings by an additional $42 billion by 2028.</p>

MicroStrategy Fuels Bitcoin Rally With $1.5B Buy As $120K Becomes The Next Target

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