Michael Saylor remains unwavering in his Bitcoin optimism, declaring it could reach $1 million per coin if it doesn’t go to zero. Strategy, formerly MicroStrategy, purchased an additional 1,045 BTC at an average price of $105,426, bringing its total holdings to 582,000 BTC worth $63.85 billion. The company, which began accumulating Bitcoin in 2020, now holds over 2.75% of the total supply. Meanwhile, Bitcoin’s price action shows an expanding channel pattern, with traders eyeing key support levels. Analysts remain divided on whether the current trend signals a reversal or continuation.
read moreAlistair Milne
0 posts last week
Bitcoin Price Drops to Three Month Lows Amid Market Liquidations
Bitcoin plunged to three-month lows under $87K, with a 13% loss in February, as market sentiment shifted to “extreme fear.” Liquidations exceeded $1.5 billion, and while some indicators suggested a potential reversal, concerns about the bull market’s sustainability lingered. Key support is seen around $86,000, with newer Bitcoin whales’ cost basis at $89.2K.
read moreCZ considers launching a memecoin inspired by his dog amid speculation
Changpeng Zhao, the former CEO of Binance, is contemplating launching a memecoin inspired by his Belgian Malinois dog, despite previously distancing himself from meme cryptocurrencies. This interest follows the emergence of a memecoin called TORO, claiming to represent his dog, which briefly reached a market cap of $4.8 billion before plummeting. The potential for a CZ dog-themed memecoin to rival established players like Dogecoin and Shiba Inu is fueled by recent positive market sentiment surrounding BNB.
read moreBitcoin Predictions for 2025 by Fund Manager Alistair Milne
Alistair Milne, co-founder and CIO of the Altana Digital Currency Fund, predicts significant developments for Bitcoin in 2025, including the U.S. maintaining its Bitcoin stockpile and smaller nations increasing their reserves. He anticipates Bitcoin prices could reach $200-250k, or even $500k if the U.S. begins buying, driven by a nation-state arms race. Milne also expects a milder bear market, increased corporate engagement, and a liquidity boost from the recovery of major exchanges.
read moreBitcoin ETF Outflows Ease, Momentum Turning for Price Recovery
Bitcoin’s institutional outflows are receding, with Grayscale Bitcoin Trust (GBTC) losing $170 million on March 22. The United States Spot Bitcoin exchange-traded funds (ETFs) have seen declining inflows, while GBTC outflows hit record highs. Analysts are divided on the future of BTC price action, with some expecting a return to price discovery, while others criticize GBTC as Bitcoin’s “biggest headwind.”
read more