$TRUMP Boom! SoftBank enters the market, is Bitcoin about to surge?

Bitcoin has been hovering above $93,500 recently, and the buying sentiment this week is extremely high. The son of U.S. Commerce Secretary Brandon Lutnick is pulling in SoftBank, Tether, and Bitfinex to establish a company dedicated to acquiring Bitcoin, planning to invest over $3 billion to buy Bitcoin. With SoftBank joining the crypto space, the noise is significant.

This new fund plans to use 42,000 Bitcoins as its issuance capital, which will directly rank it third among global Bitcoin reserve funds. It will reverse merge with Brandon's special purpose acquisition fund, Cantor Equity Partners (which just raised $100 million last year), and then look for target companies. Twenty One Capital aims to use this money to replicate the model of Strategy Company (formerly known as MicroStrategy). Strategy was initially a software company that later ventured into cryptocurrency investment, causing its stock price to soar. Twenty One Capital revealed on Wednesday that this transaction has given this investment vehicle a valuation (including debt) of $3.6 billion.

Next, an important resistance level for Bitcoin is around $100,000, which aligns with market expectations and previous resistance levels. As long as the daily closing price can steadily stay above the range of $88,000 - $90,000, the bullish trend is likely to continue. 进来聊聊天 币安王牌KOL交流群，点击加入！ #比特币市值排名 #TRUMP晚宴 $BTC $TRUMP