thepatron78

#IsraelIranConflict #SaylorBTCPurchase #BTC I Saylor signals an imminent Bitcoin purchase amid the conflict between Israel and Iran

The co-founder of Strategy, Michael Saylor, hinted that the company would buy more Bitcoin on Monday when traditional financial markets open.
Saylor signals an imminent Bitcoin purchase amid the conflict between Israel and Iran
NEWS
Michael Saylor, the co-founder of Strategy, posted the Bitcoin chart
BTC
€92,598
which indicates an imminent purchase of BTC by the company, despite the ongoing conflict in the Middle East that could shake global financial markets when they open on Monday.

The company's most recent Bitcoin purchase took place on June 9, with a relatively small acquisition of 1,045 BTC, valued at approximately $110 million, raising Strategy's total holdings to 582,000 BTC.

Data from SaylorTracker shows that Strategy has increased its investment by more than 50%. This translates to over $20 billion in unrealized capital gains in fiat terms.

Saylor's announcement of an imminent Bitcoin acquisition is another sign of investors' confidence in BTC amid the conflict between Israel and Iran and the uncertainty looming over global financial markets. Investors are watching closely to see how the financial system will react when markets open on Monday, following the escalations between both countries over the weekend.

I have a group where I share long or medium-term signals ...

In a surprising move, El Salvador has revoked Bitcoin's legal tender status, less than four years after the Central American country became the first in the world to adopt it. The decision follows a reform to the Bitcoin Law, approved by the Legislative Assembly on Wednesday.

The reform, which modifies six articles and eliminates three from the original pioneering legislation passed in September 2021, means that Bitcoin is no longer official currency in El Salvador. Its use will be relegated to exchanges between citizens and private companies, and its acceptance will no longer be mandatory, but voluntary.

The reform initiative was presented by Tourism Minister Morena Valdez at the request of President Nayib Bukele, who has not publicly commented on the issue. The decision comes amid a challenging economic context for the country and amid negotiations with the International Monetary Fund (IMF) for a $1.4 billion loan, for which the entity imposed as a condition "mitigating the risks of Bitcoin."

Confusion and Criticism

The reform has caused confusion and criticism due to the new wording of some articles. One of the most controversial points is the modification of the first article of the law, which eliminated the term "currency" but kept the term "legal tender."

#BTC $BTC

#FedHODL The Fed's decision to keep interest rates at 4.25%-4.50% was in line with market expectations, which has likely contributed to Bitcoin's surge above $103K. A stable rate environment reduces uncertainty and encourages appetite for risk assets, such as cryptocurrencies.
If the Fed signals cuts in the future, this could further boost Bitcoin's rally, as lower rates tend to weaken the dollar and make alternative assets more attractive. However, if inflation remains high and cuts are delayed, we could see more volatility.
What do you think? Will Bitcoin maintain its momentum or is a correction on the horizon? #btc #sol $SOL $BTC

Reviews?

Good start to this day 💪$XRP $SOL $DOGE

I told you $SOL $DOGE they are in a bull market 💪

$SOL is still recovering 💪

The recovery of $SOL has started, the correction has already been made

$SOL $DOGE starting the week 💪