MicroStrategy bought BTC again and this time it was 850 bitcoins for $37.2 million. The company, founded by Michael Saylor, currently has 190,000 bitcoins in its possession. The company's January purchases are evident preparation for the bitcoin halving, which is just over two months away.
What are the market expectations for the Bitcoin halving according to the Bitget report?
MicroStrategy is once again buying BTC and this fact no longer surprises anyone in the industry. Michael Saylor's company currently holds 190,000 bitcoins and is clearly preparing for the bitcoin halving, which will occur in less than two months. Will Bitcoin break its ATH again this time? This is a question the entire cryptocurrency market is asking itself as the two-year-long cryptocurrency winter is coming to an end.
Bitget's latest report “BTC Halving Study: Expectations and Investment Decisions” is an excellent look at the mood before one of the most important cyclical events in the cryptocurrency world. The survey was conducted on nearly 10,000 respondents (9,748 people to be precise) from such parts of the world as Western and Eastern Europe, Southeast Asia, East Asia, the Middle East, North Africa and Latin America. The study was conducted in November and December 2023.
According to the report, as many as 84% of respondents predict that BTC will exceed ATH ($69,000). Moreover, around 70% of respondents express an intention to increase their investment in cryptocurrencies, however, in the MENA (Middle East and North Africa) and Eastern Europe regions, respondents express a stronger inclination to increase their investment in digital assets.
Bitcoin halving just around the corner – are we in for a bull run?
As for other interesting data from the Bitget report, it is worth looking at global BTC price predictions during the halving. More than half of respondents believe that the price of BTC during the halving will fluctuate between USD 30,000 and USD 60,000, but 30% of them believe that the price will definitely exceed USD 60,000.
The fact that MicroStrategy is buying BTC again clearly shows that not only retail investors are preparing for the Bitcoin halving. There is no denying that this is one of the most important events on the cryptocurrency market in 2024. Moreover, April is not only the BTC halving (April 16), but also another court hearing between the SEC and Ripple Lab. SEC's victory is by no means certain, which may have an even greater impact on the market in connection with the halving. There is no denying that the next months will be full of cryptocurrency emotions. It's the moon!