After the end of the US presidential election, the price of Bitcoin rose to 93K at one point. Michael Saylor, the founder of MicroStrategy, recently stated in an interview that he is quite optimistic about the BTC market and revealed a $42 billion BTC investment plan in the future.
Bitcoin welcomes a wave of red, driven bullish by multiple favourable information in the market.
Saylor said that the red wave (Republican victory) after the presidential election has a significant impact on BTC and the overall encryption industry. Institutions on Wall Street, such as BlackRock, have shown increasing support for BTC, which has also boosted market sentiment. Saylor also announced in October a plan to raise $4.2 billion to buy all newly mined BTC at prices above $85,000 over the next three years.
Regulatory environment is expected to improve, new SEC chairman appointment highly anticipated
With the Trump administration taking office, it is widely expected that there will be a series of personnel changes at the US Securities and Exchange Commission (SEC), and current chairman Gary Gensler may be asked to step down on Trump's first day in office. Saylor emphasized that who will be the new SEC chairman will affect the future development of Cryptocurrency ETFs, exchanges and listed companies (such as MicroStrategy).
Furthermore, it is believed that the Trump administration, with longer support from Congress, the White House, etc., will bring out more policies that are "beneficial to business, Bitcoin", ending the regulatory war on the encryption market in the past.
(Trump's promise to Bitcoin 2024, firing Gary Gensler and ensuring that the United States becomes a BTC power)
Confident in Bitcoin breaking $100,000, confident that the Bull Market will continue
Regarding the future price trend of BTC, Saylor stated that he is confident in BTC breaking through $100,000, and he has even planned a party at home to celebrate. He believes that the final result of the U.S. election has eliminated the uncertainty about the future of BTC, and there are almost no short-term threats in the market at present.
Supporting the US 'BTC Strategic Reserve' to drive economic development
Regarding the question of whether the US government should establish a 'BTC strategic reserve', Saylor supports the 'purchase 1 million BTC and hold for 20 years' reserve-related bill proposed by Senator Cynthia Lummis of Wyoming. Saylor believes that BTC is the key to the future US control of the global capital network and is 'kismet' for the United States.
It emphasizes that as a decentralized asset, BTC has economic and technical advantages, which can help the United States deal with the challenge of $16 trillion national debt, and further help the U.S. economy. Furthermore, more and more favorable policies are being introduced successively to help the encryption industry continue to develop.
( BTC 89K! MicroStrategy sells another 2 billion to increase the positionBTC)
This article MicroStrategy: Raising $4.2 billion to continue buying BTC, supporting the US BTC strategic reserve first appeared on Chain News ABMedia.
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MicroStrategy: Raises $4.2 Billion to Continue Buying BTC, Supporting US BTC Strategic Reserve
After the end of the US presidential election, the price of Bitcoin rose to 93K at one point. Michael Saylor, the founder of MicroStrategy, recently stated in an interview that he is quite optimistic about the BTC market and revealed a $42 billion BTC investment plan in the future.
Bitcoin welcomes a wave of red, driven bullish by multiple favourable information in the market.
Saylor said that the red wave (Republican victory) after the presidential election has a significant impact on BTC and the overall encryption industry. Institutions on Wall Street, such as BlackRock, have shown increasing support for BTC, which has also boosted market sentiment. Saylor also announced in October a plan to raise $4.2 billion to buy all newly mined BTC at prices above $85,000 over the next three years.
Regulatory environment is expected to improve, new SEC chairman appointment highly anticipated
With the Trump administration taking office, it is widely expected that there will be a series of personnel changes at the US Securities and Exchange Commission (SEC), and current chairman Gary Gensler may be asked to step down on Trump's first day in office. Saylor emphasized that who will be the new SEC chairman will affect the future development of Cryptocurrency ETFs, exchanges and listed companies (such as MicroStrategy).
Furthermore, it is believed that the Trump administration, with longer support from Congress, the White House, etc., will bring out more policies that are "beneficial to business, Bitcoin", ending the regulatory war on the encryption market in the past.
(Trump's promise to Bitcoin 2024, firing Gary Gensler and ensuring that the United States becomes a BTC power)
Confident in Bitcoin breaking $100,000, confident that the Bull Market will continue
Regarding the future price trend of BTC, Saylor stated that he is confident in BTC breaking through $100,000, and he has even planned a party at home to celebrate. He believes that the final result of the U.S. election has eliminated the uncertainty about the future of BTC, and there are almost no short-term threats in the market at present.
Supporting the US 'BTC Strategic Reserve' to drive economic development
Regarding the question of whether the US government should establish a 'BTC strategic reserve', Saylor supports the 'purchase 1 million BTC and hold for 20 years' reserve-related bill proposed by Senator Cynthia Lummis of Wyoming. Saylor believes that BTC is the key to the future US control of the global capital network and is 'kismet' for the United States.
It emphasizes that as a decentralized asset, BTC has economic and technical advantages, which can help the United States deal with the challenge of $16 trillion national debt, and further help the U.S. economy. Furthermore, more and more favorable policies are being introduced successively to help the encryption industry continue to develop.
( BTC 89K! MicroStrategy sells another 2 billion to increase the positionBTC)
This article MicroStrategy: Raising $4.2 billion to continue buying BTC, supporting the US BTC strategic reserve first appeared on Chain News ABMedia.