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news-imageOctober 31, 2024

Bitcoin Price Analysis: Scaramucci's $170K BTC Call & MicroStrategy's $42B Boost Potential

Bitcoin price forecast as Scaramucci sees $170K BTC by 2026, while MicroStrategy's $42B BTC buy plan may boost demand. Explore key insights driving BTC's outlook. The post Bitcoin Price Analysis: Scaramucci's $170K BTC Call & MicroStrategy's $42B Boost Potential appeared first on Cryptonews.
Publisher: Cryptonews
Sentiment: Positive
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cover-imageBenzinga
October 31, 2024

Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan

In a bold but unsurprising move, MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor said the company would advocate for Bitcoin (CRYPTO: BTC) as a treasury reserve asset across global finance. What Happened: During the company's third-quarter earnings call Tuesday, Saylor voiced his conviction in Bitcoin's potential to rectify the unhealthy balance sheets of both public and private enterprises.

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cover-imageBenzinga
October 31, 2024

Coinbase On Following MicroStrategy's Bitcoin Playbook: Looking For 'Opportunities,' Says CFO, But Highlights Key Difference Between The Two Companies

Coinbase Global Inc. (NASDAQ:COIN) said it wants to expand its cryptocurrency investment portfolio and emphasized that assets held on its books, including Bitcoin (CRYPTO: BTC), are intended to be retained for the long term What Happened: During the company's third-quarter 2024 earnings call, the management was asked whether they would pursue a reserve strategy akin to MicroStrategy, a Bitcoin investment company, with over $18 billion worth of the asset on its balance sheet.

Positive
cover-imageCryptoGlobe
October 31, 2024

MicroStrategy to Raise $42 Billion for Further Bitcoin Purchases Amid Core Business Struggles

On October 30, MicroStrategy Inc. (Nasdaq: MSTR) released its Q3 2024 financial results, highlighting both its latest Bitcoin acquisition strategy and challenges within its software business. The company, known for its substantial Bitcoin holdings, announced a three-year “21/21 Plan” to raise $42 billion—$21 billion in equity and $21 billion in fixed-income securities.

Positive
cover-imageCoinPedia
October 31, 2024

MicroStrategy's Bold $42B Bitcoin Push: Inside the ‘21/21 Plan

MicroStrategy, the largest corporate holder of Bitcoin, has announced an ambitious plan to raise $42 billion over the next three years to boost its Bitcoin reserves. The plan dubbed the “21/21 Plan,” was outlined during the company's Q3 2024 earnings call, to raise $21 billion through equity and another $21 billion through fixed-income securities.

Positive
cover-imageNewsBTC
October 31, 2024

Bitcoin's Active Addresses Signals Golden Cross—What Next For BTC?

Bitcoin on-chain activity is gaining momentum as a CryptoQuant analyst, known as ‘Yonsei Dent,' recently pointed to a potential golden cross within the active addresses metric. This indicator tracks the number of unique addresses engaging with the Bitcoin network, providing insights into the network's overall activity, investor involvement, and possible market directions.

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cover-imageThe Currency Analytics
October 31, 2024

Arthur Hayes: China's QE to Boost Bitcoin's Value

Arthur Hayes, co-founder of BitMEX, has recently shared insights suggesting that China's plans for quantitative easing (QE) and economic stimulus could significantly benefit Bitcoin (BTC). As China grapples with economic challenges, including a faltering property market, Hayes believes that the influx of cash into the economy will prompt more people to seek inflation-resistant assets like Bitcoin.

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