Follow comprehensive Bitcoin coverage including price analysis, institutional adoption, regulatory developments, and technological upgrades affecting the world’s leading cryptocurrency.
Bitcoin’s Stunning $110K Target Looms as MicroStrategy Gobbles Supply
A single corporate buyer is now consuming Bitcoin faster than the network creates it. According to data from BitcoinQuant.com, MicroStrategy has purchased 46,233 BTC since early March, dwarfing the 16,200 BTC mined in the same period. This aggressive accumulation is challenging a bearish technical setup and fueling analyst projections that Bitcoin could surge toward $110,000. […]
