As a co-founder of MicroStrategy and a staunch supporter of Bitcoin, Michael Saylor has recently hinted at or pushed for the company to increase its Bitcoin holdings, a move worth paying attention to.
#MichaelSaylor暗示增持BTC 1. Michael Saylor and MicroStrategy's Bitcoin strategy - History of continued accumulation: Since August 2020, MicroStrategy has started to use Bitcoin as a corporate reserve asset, currently holding over 214,000 BTC (as of July 2024), becoming the publicly listed company with the most Bitcoin holdings globally. - Strategic logic: Saylor believes Bitcoin is "digital gold," possessing anti-inflation, scarcity, and technological advantages, which can replace part of gold's store of value in the long term. He has repeatedly emphasized that Bitcoin is the "ultimate asset" and advocates that companies should shift their balance sheets from cash to Bitcoin.
Key Information on Bitcoin's Market Capitalization Rankings
#比特币市值排名 1. Current Market Capitalization - Bitcoin's market cap is approximately $1.2 trillion (specific values fluctuate with price and need real-time updates). - Market cap calculation formula: Circulating Supply × Price per Bitcoin. - The circulating supply of Bitcoin is about 19.7 million coins (with a maximum supply cap of 21 million coins). 2. Market Share (Dominance) - Bitcoin accounts for 50%-55% of the total market cap of the entire cryptocurrency market, a ratio that usually increases during bear markets and may slightly decrease during bull markets due to the rise of altcoins. 3. Comparison with Other Cryptocurrencies - Second Place: Ethereum (ETH) has a market cap of about 1/3 of Bitcoin (approximately $400 billion).
Regarding Trump's Statement of No Intent to Fire Federal Reserve Chairman Jerome Powell
#特朗普称无意解雇鲍威尔 1. Background of the Incident - Trump's Relationship with Powell: Powell was nominated by Trump in 2017 to serve as Fed Chairman, but Trump later publicly criticized his interest rate policy multiple times, believing it would drag down economic growth and stock market performance. - Focus of the Conflict: From 2018 to 2019, the Federal Reserve gradually raised interest rates to curb inflation pressures, which Trump believed undermined the economic benefits of his tax cuts and trade policies, even calling the Fed "crazy." 2. "Firing" Controversy - Legal Controversy: According to the (Federal Reserve Act), the president cannot arbitrarily fire the Fed Chairman unless there are "legal grounds" (such as misconduct). This legal interpretation is ambiguous, but historically, no president has attempted to fire a Fed Chairman.
The total cryptocurrency market cap returning to 3 trillion USD is an important market signal, reflecting the overall recovery or breakthrough progress of the industry.
\u003ct-64/\u003e\u003ct-65/\u003e 1. Core driving factors - Bitcoin leading effect: If Bitcoin's market cap exceeds 50% of the total market cap, its price breaking key resistance levels (like the historical high of 69,000 USD) will directly drive the overall market. Recent fund inflows into US Bitcoin spot ETFs (like BlackRock's IBIT with an average of 300 million USD daily) and transparency in institutional holdings are important drivers. - Ethereum ecosystem upgrade: If Ethereum completes the Dencun upgrade, reducing Layer 2 transaction fees by 90%, it could stimulate a revival in the DeFi and NFT markets, with TVL (total value locked) rising above 40 billion USD.