Michael Saylor, former CEO of MicroStrategy Bitcoin has announced that Bitcoin is on an uptrend in 2024. This announcement comes with expectations for several important events that will take place this year. This has the potential to drive the price of Bitcoin higher.
Michael Saylor Former Chief Executive Officer and Co-Founder MicroStrategy Posted a message on social media platform
confident announcement It comes after the deadline neared for the U.S. Securities and Exchange Commission’s (SEC) final decision on approval or denial of Spot Bitcoin Exchange Traded Funds (ETF).
To date, approximately 13 leading asset management companies have submitted applications for Spot Bitcoin ETFs, reflecting expectations for Bitcoin’s future, but the US SEC has delayed approval of all of them. They expressed concern about investor safety and possible market manipulation. This was part of the reason for postponing the decision. As a result, the SEC has been ordered to make a final decision on Spot BTC ETFs, whether approved or rejected, by January 10.
This trend has sparked a discussion among industry analysts about BTC prices skyrocketing once Spot Bitcoin ETFs are approved. Another unexpected addition is the upcoming Bitcoin Halving in April 2024, a milestone that could set the price of BTC skyrocketing this year.
Michael Saylor MicroStrategy is optimistic about Bitcoin’s future in 2024. On December 27, 2023, MicroStrategy purchased an additional 14,620 BTC worth $615 million. This purchase represents a small fraction of the amount of Bitcoin that MicroStrategy owns. Holding all
from the most recent purchase MicroStrategy holds a total of 189,150 BTC worth $5.90 billion. With an average price of $31,168, this major purchase reinforces the company’s confidence in Bitcoin’s future and sets it up for serious investment to maintain its leadership role in BTC’s anticipated 2024 bull run. hold
Source: Bitcoinist
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2024-01-03 02:11:58
