Michael Saylor, the founder of MicroStrategy, recently tweeted about Bitcoin trading around the $60,000 mark. His tweet, which included a futuristic image of an extraterrestrial landscape like the Moon or Mars, read “Claim the future.”
This post came as Bitcoin briefly reached $62,000 on Friday, after trading around $60,000.
Source: X
Bitcoin enthusiasts are hopeful that the cryptocurrency could either become a global currency or soar to $1 million in the near future. On Thursday, Bitcoin showed a notable 13.34% increase, continuing its upward trend into Friday, when it surged from $55,000 to approximately $62,400.
Bitcoin Rebounds Amid Market Shifts and ETF Inflows
This week, Bitcoin halted its decline, recovering from a severe 25% drop triggered by a plunge in the Japanese stock market. This downturn affected global stock markets, including those in the US, leading to a sharp crash in altcoin prices. However, Bitcoin has recently rebounded, reaching $60,000.
During this recovery, spot Bitcoin ETFs have experienced significant inflows. Over the past week, ten exchange-traded funds have collectively seen net inflows of 4,698 BTC, valued at $283.87 million. Notably, BlackRock’s IBIT ETF received the largest inflows, with 2,641 BTC worth $159.57 million. Currently, this ETF holds a total of 347,608 BTC, amounting to an impressive $21 billion.
Source: X
BlackRock’s Bitcoin holdings now surpass those of MicroStrategy, which holds 226,500 BTC valued at $7.538 billion. MicroStrategy has been accumulating Bitcoin steadily since August 2020.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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