![]() It is possible to anticipate that this news will significantly increase Bitcoin’s value. ![]() Michael Saylor, a co-founder of MicroStrategy, has a strong bullish outlook for Bitcoin.Īpproximately 130,000 BTC, or 0.62% of the 19 million Bitcoin currently in circulation, are owned by his company.Īdditionally, Goldman Sachs’ recent declaration of support for Bitcoin has increased investor confidence in the cryptocurrency. The fact that institutional investors are placing substantial bets on Bitcoin must be noted. Its price has probably increased because of this viewpoint.Īdditionally, the Basel Committee of the BIS estimates that the global banks currently own over $9 billion in cryptocurrency, with Bitcoin and derivatives based on it accounting for 56% of this total. ![]() Moreover, Cathie Wood, CEO of ARK Invest, believes that Bitcoin is a fantastic asset for safeguarding money and offering protection for people who are financially disadvantaged all around the world.
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