Bitcoin Nears $100K: Investment Dilemma Amid Potential Correction
TL;DR
Bitcoin is nearing the $100,000 mark, with recent highs just shy of this milestone, as investor interest grows and options on U.S. exchange-traded funds boost sentiment. Michael Saylor, co-founder of MicroStrategy, highlighted the proximity to this psychological barrier. Meanwhile, MicroStrategy is accelerating its Bitcoin purchases, increasing its convertible notes offering to fund further acquisitions, aiming to raise $42 billion over three years. The company has become the largest institutional holder of Bitcoin, with 331,200 BTC acquired at a cost of $16.5 billion.
Topics:top-newscryptocurrency#bitcoin#cryptocurrency#cryptocurrency-market#investment#michael-saylor#microstrategy
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- Bitcoin has smashed records. Should you invest? CNN
- The case for altcoins and memes as bitcoin, now approaching $100,000, faces a potential correction CNBC
- As bitcoin nears $100,000, investors ask whether the rally can last much longer MarketWatch
- Bitcoin could fall as much as 20% after breaking $100,000 as levered bets unwind, crypto billionaire Mike Novogratz says Markets Insider
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