The Era of Billion-Dollar Bitcoin Is Coming
For months, Bitcoin has been stagnant, and investors have been waiting. With its first breakthrough of $123,000 on Monday, that sense of ceremony has returned.
Those non-believers shorting this cryptocurrency have lost billions of dollars in bets—this has contributed to the approximately 15% rise over the past week.
From Twenty One Capital supported by SoftBank Group, to Justin Sun's Tron, to influencer Anthony Pompliano's ProCap Financial, numerous companies are raising funds to purchase cryptocurrencies by issuing equity and convertible bonds, injecting these assets into tools already listed on stock exchanges, employing various financial engineering methods. Meanwhile, as a leading corporate holder of Bitcoin, Michael Saylor's Strategy Company remains a significant player, holding over 600,000 Bitcoins on its books, with an asset value now reaching an unimaginable $73 billion.
For us, there is a heart-wrenching statement—when you first heard about Bitcoin, it might have been the moment in your life when you could buy and go long on Bitcoin.