2024

Bitcoin

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-and-crypto-whales-invest-heavily-in-bitcoin/" data-wpel-link="internal">MicroStrategy and Crypto Whales Invest Heavily in Bitcoin</a> 
Hem kripto balinaları hem de teknoloji devi MicroStrategy, Bitcoin’e büyük yatırımlar yaptı ve fiyatında yaşanan son düşüşten yararlandı. Büyük yatırımcıların alımları 302 milyon doları aştı ve bu da piyasa volatilitesine rağmen güçlü bir yükseliş görünümü olduğunu gösteriyor. MicroStrategy, Temmuz ayında 11,4 milyon dolar değerinde 169 Bitcoin ekleyerek Bitcoin portföyünü güçlendirdi. 
<h2 class="p1" style="text-align: justify" id="interest-in-bitcoin-continues">Interest in Bitcoin Continues</h2> 
This latest purchase increased the company’s total assets to 226,500 Bitcoins, currently worth approximately $14.6 billion. MicroStrategy spent $8.3 billion to buy these Bitcoins at an average price of $36,821. MicroStrategy’s CEO Phong Le maintained his optimism about Bitcoin’s potential: 
<blockquote> 
 “We are extremely optimistic about the increased understanding of Bitcoin on the adoption front and the growing support from bipartisan politicians and institutions showcased at the Bitcoin 2024 Conference in Nashville.” 
</blockquote> 
The community continues to praise MicroStrategy and its co-founder Michael Saylor for their bold Bitcoin strategies. However, the company reported significant financial setbacks with a net loss of $102.6 million in the second quarter of 2024. MicroStrategy is not the only entity making large investments in Bitcoin. According to SpotOnChain <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, a crypto whale transferred 4,600 Bitcoins worth $291 million from the Bitfinex exchange to a new wallet, taking advantage of the market downturn. 
This move occurred when Bitcoin briefly dropped to $62,300 on August 1 and then quickly recovered. The price rebound showcases the extreme volatility in the <a href="https://en.coin-turk.com/bybits-main-mobile-app-removed-from-apples-app-store-in-india/" data-wpel-link="internal">crypto market</a>, presenting both risks and opportunities. 
<h2 class="p1" style="text-align: justify" id="details-on-the-subject">Details on the Subject</h2> 
In the last 24 hours, Bitcoin experienced high volatility, initially dropping to $62,300, then climbing to $65,600, and finally stabilizing around $64,500. As a result, the market saw extensive liquidations affecting numerous trading positions. Data from Coinglass shows that during this period, positions worth $284.63 million were liquidated, affecting approximately 100,870 <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-376444 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/coinglass-scaled.webp" alt="" width="2560" height="862"> 
Despite this short-term volatility, industry leaders remain optimistic about Bitcoin’s long-term outlook. Jan Van Eck, CEO of asset management company VanEck, predicts that Bitcoin could eventually equal half of gold’s market value. This forecast suggests Bitcoin could be worth around $350,000: 
<blockquote> 
 “In my view, there is no doubt that Bitcoin will be adopted in the same way gold has been. This is very clear.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-and-crypto-whales-invest-heavily-in-bitcoin/" data-wpel-link="internal">MicroStrategy and Crypto Whales Invest Heavily in Bitcoin</a></h5>
The post <a href="https://en.coin-turk.com/microstrategy-and-crypto-whales-invest-heavily-in-bitcoin/" data-wpel-link="internal">MicroStrategy and Crypto Whales Invest Heavily in Bitcoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

MicroStrategy and Crypto Whales Invest Heavily in Bitcoin

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