đ¨ #Bitcoin Price Predicted to Reach $250,000 as Japanese Investor Metaplanet Opens Miami Office đ
Bitcoin price edges towards $97,000 as institutional demand builds, led by Metaplanetâs expansion into the U.S. Bitcoin finance ecosystem.
Bitcoin ($BTC ) price hit a 70-day peak of $97,822 on Friday, with Coingecko data shows showing 3.0% gains over the week and 15.4% in the last 14 days.
Among the weekâs major bullish catalyst, Japanese firm Metaplanetâs announces the decision to enter the U.S. market, to double-down on the strategic BTC acquisition plan.
On Thursday, the Tokyo-listed Bitcoin investor announced it will establish a wholly owned U.S. subsidiary, Metaplanet Treasury, based in Miami, Florida.
Operations are expected to begin in May 2025 with an initial $10 million investment focused on increasing BTC exposure and optimizing capital allocation across jurisdictions.
Despite a limited short-term price reaction, Metaplanetâs U.S. expansion may significantly influence Bitcoinâs market structure in the months ahead. BTC has risen 64.7% year-on-year, with public companies and sovereign entities increasingly adding Bitcoin to their balance sheets.
More so, Bitcoinâs growing dominance versus altcoins reflects increasing capital preference for BTC scarcity mechanism and security preferences, at corporate investors react to macroeconomic uncertainty.
Now, with direct access to U.S. banking infrastructure, OTC trading desks, and Bitcoin custodians, Metaplanetâs Miami office will allow more agile execution, dollar-cost averaging, and integration with American financial standards.
Miamiâs mayor and state-level regulators have long promoted pro-Bitcoin frameworks, making it an attractive jurisdiction for strategic treasury operations.
More so, Metaplanetâ cross-border investment trend may inspire other Asian firms to follow suit.
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