Bitcoin Market Rebounds

After experiencing a dramatic correction at the end of 2024, Bitcoin's price has climbed back above $98,000, suggesting a return of optimism in the market. Michael Saylor, co-founder and executive chairman of Microstrategy, has released a Bitcoin tracking chart indicating that the company will push for another Bitcoin acquisition this Monday.

(SOURCE: Google Finance)

Saylor typically releases such charts before making Bitcoin purchases. The last time he did this was on December 30, when Microstrategy purchased 2,138 Bitcoin at an average price of $97,837. Additionally, Saylor elaborated on Microstrategy's "21/21" plan on January 3, stating the intention to raise approximately $2 billion through preferred stock issuance to increase Bitcoin holdings.

Analysts are becoming more confident that Microstrategy will acquire Bitcoin on Monday, although some believe the company may pause acquisitions due to a slowdown in the Bitcoin market in January. Other analysts predict that Bitcoin prices may continue to decline, leading investors to wait for a lower entry cost.

Despite this, given Saylor and Microstrategy's historically aggressive strategies, the price of $98,000 may not deter their acquisition plans, further fueling market expectations for Bitcoin to surpass $100,000.

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（Source: uSMART HK）

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