Can Bitcoin increase 140 times in the next 20 years?
MicroStrategy Executive Chairman Michael Saylor gave a 3-minute speech at the Microsoft Board, suggesting that Microsoft adopt Bitcoin as a core corporate strategy. He predicts that Bitcoin's market value will grow from the current 2 trillion dollars to 280 trillion dollars by 2045, occupying an important position in the 900 trillion dollar global asset market.
60 listed companies have issued stocks to purchase Bitcoin
According to the data, there are currently 60 listed companies that have issued stocks to purchase Bitcoin, and the total Bitcoin holdings of these 60 companies is 522,565.
XRP may surpass SOL to become the third largest cryptocurrency The cryptocurrency market capitalization has soared to $3.43 trillion, while Bitcoin's dominance has dropped from 60% to 56%. A higher overall market cap combined with a declining Bitcoin dominance is usually seen as a sign of altcoin season. In the last half month, Solana (SOL) market cap has remained relatively stable, while Ripple (XRP) has surged +70%. The current market cap gap between the two is now only $6 billion, and Ripple may become the third most valuable cryptocurrency. #山寨季來了? #XRP解锁新趋势 #XRP #BTC☀ #sol板块
Russia officially recognizes digital currency as property
Yesterday, Russian President Vladimir Putin officially signed a law on digital currency taxation, which explicitly recognized digital currency as property. Prior to this, the upper house of the Russian parliament approved the tax framework for digital currency. The new law classifies digital currency (including digital currency used as a payment tool under the experimental legal framework) as property in accordance with the Tax Code of the Russian Federation.
Today, let's count the digital currencies held by listed Chinese companies. Boyaa Interactive's digital currency assets are higher than its market value😂
According to an incomplete review by the Xingmu Community, at least 10 Chinese listed companies have disclosed their plans to hold Bitcoin and digital currencies. Specifically, they include Infinity, Guofu Innovation, Linekong Interactive, Zhidu Holdings, Canaan Technology, Meitu, Boyaa Interactive, Coolpad Group, NetDragon, etc.
Among them, Boyaa Interactive's investment in digital currencies is particularly aggressive. The semi-annual report shows that the company's digital assets account for as much as 75% of its total assets, and the proportion of current assets exceeds 90%. The market value of digital currencies held by the company once exceeded the company's listed market value.
In the past 24 hours, the total network contract liquidation was 285 million US dollars, both long and short positions were liquidated
Among them, the long position liquidation was 141 million US dollars, and the short position liquidation was 144 million US dollars. The total amount of BTC liquidation was 70.6295 million US dollars, and the total amount of ETH liquidation was 64.4489 million US dollars.
Community Fraud Warning Case ⚠️ This group member was deceived on Douyin, bought a Pixiu on a shady platform, lured into 200x leverage, and went bankrupt in an instant, losing everything.
He also hopes that everyone will not follow in his footsteps. Community Reminder: Invest rationally, be cautious with all-in bets, and make sure to DYOR!
Metaplanet plans to raise approximately $62 million to purchase Bitcoin
Recently, the Japanese listed company Metaplanet announced plans to raise up to 9.5 billion yen (approximately $62 million) through a new share subscription rights offering, aimed at accelerating its accumulation of Bitcoin. Notably, Metaplanet has recently held over 1,000 BTC, becoming one of the largest corporate holders of Bitcoin in Asia. According to Metaplanet, its strategy focuses not only on the appreciation of Bitcoin but also on creating long-term value for shareholders. Analysts believe that Metaplanet's story could inspire other Asian companies, indicating that Bitcoin is gradually being viewed as a viable reserve asset, helping companies achieve financial security in turbulent economic times.
Exciting move coming, Chinese concept stock company SOS announces purchase of up to 50 million US dollars in Bitcoin, with a peak increase of over 105% during the session.