The institutional buying winds continue!
A strategy, led by Michael Saylor, has made a big splash in the cryptocurrency markets by purchasing 6,556 Bitcoin (BTC) last week.
After this purchase, Bitcoin is trying to hold above $93,900 today.
Saylor's continued buying boosts confidence in Bitcoin prices.
- The total holdings of the strategy in Bitcoin amount to 538,200 BTC.
- Average purchase price: about $84,785.
- Today's Bitcoin price: $93,932.
- Saylor's move has increased institutional investors' interest in BTC.
Especially due to the risks of the Federal Reserve and the trade war, investors are increasingly turning to Bitcoin as “digital gold”.
Is the goal 1 million Bitcoin?
Michael Saylor has repeatedly described Bitcoin as “absolute digital property.”
It seems that the strategy is not giving up on its long-term accumulation strategy.
Some analysts believe that Saylor's secret goal is 1 million BTC.
So, how do you think this massive accumulation will impact the future value of Bitcoin?
We look forward to your comments!
