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Bitcoin briefly exceeds $0.09 million! Who is the largest shareholder with the largest-ever additional purchase of microstrategy?

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moomooニュース米国株 wrote a column · Nov 13, 2024 08:36
On November 12, $Bitcoin (BTC.CC)$isbreaking through the significant milestone of $0.09 million,its market capitalization surpassed silver to become the 8th largest asset in the world.

Other cryptocurrencies are also following the momentum of Bitcoin. The world's second-largest digital currency $Ethereum (ETH.CC)$has risen by approximately 40% since November 5, reaching $3,300.

US cryptocurrency-related stocks are also performing very well, with the largest cryptocurrency exchange in the USA, $Coinbase (COIN.US)$beingA 74% increase from election dayCryptocurrency miners $CleanSpark (CLSK.US)$AreOver 70% $Riot Platforms (RIOT.US)$ $MARA Holdings (MARA.US)$AllOver 60%According to The Washington Post, "large shareholders" $Strategy (MSTR.US)$is rising by over 50%I am doing.
Bitcoin briefly exceeds $0.09 million! Who is the largest shareholder with the largest-ever additional purchase of microstrategy?
What are the factors supporting the sudden surge in the cryptocurrency market?
① Trump's victory
One of the biggest factors affecting the price of Bitcoin is Trump's victory in last week's US presidential election. During this year's election period, Trump has been engaging with the cryptocurrency industry. Many bullish Wall Street investors have high hopes for a 'golden age of cryptocurrencies' following his victory.

Trump is reportedly preparing for the US government to take a more relaxed stance on cryptocurrencies, appointing candidates friendly to cryptocurrencies to key positions.
ビットコイン会議の主催者であるBTC Incのデビッド・ベイリー氏は、「トランプが勝利し、共和党が完全勝利する可能性が高まっていることは、米国がビットコインと暗号通貨において世界的な大国になるための変革的な法案を推進する非常にユニークな機会を提供する」と述べた。

The Trump administration is supportive of the cryptocurrency industry and is expected to have increased power to enact favorable legislation as it controls both houses of Congress. Former President Trump and supporters in Congress have previously expressed support for establishing a national reserve of bitcoin.
ブルームバーグのアナリスト、ジョン・ステペック氏は、そもそもビットコインが上昇しているのは、トランプ氏が、「大きな政府」よりも、「小さな政府」のイデオロギー、つまり政府の介入や支出を減らすことを支持する可能性があり、トランプ氏が有利な法案を制定する力をより強く持つと多くの人が考えているからだと述べている。

Supported by Modern Monetary Theory (MMT) which advocates for expansive fiscal policies to increase spending and stimulate economic growth. In this case, bitcoin as a 'decentralized' asset could potentially benefit.

②資金が急速に流入
昨日、世界的に「ビットコインの大量保有者」として知られる $Strategy (MSTR.US)$Between October 31st and November 10th of this year,purchased about 0.0272 million bitcoins with $2.03 billion raised in the stock offeringIt has been revealed that each bitcoin was traded at an average of $0.07 million 4463 per coin.

According to statistics, MicroStrategy currently holds about 1% of the total bitcoins in circulation worldwide, with the value of its 0.27 million 9420 bitcoins currently at around $24 billion, and the company's market capitalization is approximately $70 billion.

Mr. Masuku's $Tesla (TSLA.US)$currently holds 11509 BTC, and with the rise in the price of Bitcoin,the value of the company's Bitcoin position currently exceeds $1 billion.is.
Bitcoin briefly exceeds $0.09 million! Who is the largest shareholder with the largest-ever additional purchase of microstrategy?
What is noteworthy is the sharp rise in the value of bitcoin, which has also led to a nearly 440% increase in the stock price of MicroStrategy in the cumulative total this year. Since August 2020, it has surged by over 2500%. Bitcoin itself has also risen by approximately 660% during the same period.In the USA, there has been a significant inflow of funds into the Bitcoin spot ETF. The total amount of inflow into the Bitcoin spot ETF reached a record high of $1.370 billion last Thursday, making it the largest daily inflow amount in history.

In addition, Among the 11 physical Bitcoin ETFs in the USA, BlackRock has the largest assets. The latest data shows that its assets ($34.3 billion) are the largest in BlackRock's history.An inflow total of about 1.370 billion dollars, a record-breaking daily inflow, was made to the Bitcoin spot ETF last Thursday, totaling 1.370 billion dollars.

In the USA, there has been a significant inflow of funds into the Bitcoin spot ETF. The total amount of inflow into the Bitcoin spot ETF reached a record high of $1.370 billion last Thursday, making it the largest daily inflow amount in history. $iShares Bitcoin Trust (IBIT.US)$Among the 11 physical Bitcoin ETFs in the USA, BlackRock has the largest assets. The latest data shows that its assets ($34.3 billion) are the largest in BlackRock's history. $Gold Trust Ishares (IAU.US)$surpassed the assets of silver (32.9 billion dollars). However, it is still not as large as IBIT, the market's largest gold ETF $SPDR Gold ETF (GLD.US)$has yet to reach.

This reversal is a groundbreaking event for bitcoin. Compared to the long history of gold and the background of gold ETFs being on the market for nearly 20 years, Blackrock's bitcoin ETF just entered the market in January of this year.It is revealed that 27 billion dollars in funds have flowed in just 9 months.is noted.

How high will bitcoin rise?
Boosted by news of a Trump victory, there is growing bullish sentiment that the price of bitcoin will rise to 0.1 million dollars by the end of the year.

Matt Hogan, the Chief Investment Officer of Bitwise, stated that while investors are trying to ride the uptrend, long-term holders are reluctant to sell bitcoins worth less than 0.1 million dollars, as short selling is feared to go against the trend.

Jeff Kendrick, the global head of digital asset research at Standard Chartered, stated that after Trump's victory,the price of Bitcoin is expected to reach $0.125 million by the end of this year and $0.2 million by the end of 2025.he mentioned.

Fadi Abu Alfa, the research head of crypto custodian Copper.co,predicts that Bitcoin may reach $0.1 million before Trump's inauguration as president on January 20, 2025,and Tom Lee, the co-founder of Fundstrat, also believes that Bitcoin has the potential to reach $0.1 million by the end of this year.

-moomoo News by Evelyn
Source: moomoo
This article uses auto-translation in part.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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