Bitcoin to See $2.28T Inflows, Major BTC Target Revealed!
The post Bitcoin to See $2.28T Inflows, Major BTC Target Revealed! appeared on BitcoinEthereumNews.com.
A report by OKG Research suggests that just 0.01% of publicly traded companies worldwide currently hold Bitcoin (BTC). However, this could change significantly, with conservative estimates indicating that $2.28 trillion might flow into BTC over the next year. Bitcoin Inflows Set to Surge Such inflows could propel Bitcoin price to around $200,000, aligning with forecasts from Bernstein, BCA Research, and Standard Chartered Bank. These inflows are expected to come from institutions, governments, and the spot BTC ETFs launched this year. The U.S. government is also on its way toward establishing national BTC strategic reserve that will hold 1 million BTC as promised by Senator Cynthia Lummis and President-elect Donald Trump. 吴说获悉，欧科云链研究院发布报告表示，经保守测算未来一年内进入比特币的可统计资金大约为 2.28 万亿美元，这些资产体量可把比特币价格推升至 20 万美元左右，与 Bernstein、BCA Research 和渣打银行金融机构预测一致。目前全球仅有 0.01%… — 吴说区块链 (@wublockchain12) November 27, 2024 Moreover, this week, Rumble, an online video platform, also announced its intention to acquire Bitcoin worth up to $20 million. This development comes after MicroStrategy’s CEO, Michael Saylor, encouraged Rumble’s CEO to consider BTC for the company’s reserves. MicroStrategy, a leading institutional BTC holder, currently owns 386,700 BTC, valued at over $36 billion. Thus, tapping MicroStrategy’s strategy, Rumble’s board has approved a strategy to diversify corporate reserves by allocating excess cash to Bitcoin. The company has outlined flexibility in executing this plan, allowing its management to decide on purchase timing and volumes based on market dynamics, Bitcoin prices, and Rumble’s financial needs. Rumble also retained the right to pause or end the initiative as needed. MicroStrategy’s Recent BTC Acquisition MicroStrategy continues to lead institutional BTC investment, with recent data highlighting its robust portfolio. As of November 24, 2024, the firm holds 386,700 BTC, acquired for $21.9 billion at an average price of $56,761 per Bitcoin. Notably, Saylor disclosed that the company recently purchased an additional 55,500 BTC for $5.4 billion, paying an average of $97,862…
Filed under: News - @ November 27, 2024 3:24 pm