Bitcoin (BTC) goes back to $ 40,000 – Bitcoin crosses the symbolic threshold again after this billionaire sounded the US inflation alarm by publicly reaffirming his love for Bitcoin.
Inflation discussion, Bitcoin’s return to $ 40,000
Bitcoin has risen up to $ 40,906 on Bitfinex today, June 14, 2021… At the time of writing, BTC is trading at $ 40,186. Currently, the daily gain is almost 7.90%. BTC crosses $ 40,000 mark for the first time in more than 2 weeks…
BTC price explosion occurred after billionaire Paul Tudor Jones announced in an interview Andrew Ross Sorkin CNBC, that he was planning to devote 5% of his portfolio to Bitcoin… He indicated that he likes Bitcoin, that “Bitcoin is math … I love the idea of investing in something reliable, consistent, honest and 100% secure. So Bitcoin attracted me because it is a way to invest in certainty. “
Billionaire sounded the alarm on skyrocketing inflation, a consumer price index showing that inflation in the US has reached a 13-year high.
MicroStrategy is ready to buy $ 500 million in BTC
One good news can hide another MicroStrategy reported in a press release dated June 14, 2021 that the company has already raised $ 500 million through senior secured bonds maturing in 2028.… The company initially announced a $ 400 million debt offer for Bitcoin on June 7, 2021, and then increased the stake to $ 500 million.
MicroStrategy currently holds 92079 BTC. worth more than $ 3.7 billionin its subsidiary LLC “MacroStrategi” which was created quite recently.
Is Bitcoin really picking up steam, or should we expect the bulls’ efforts to be completely nullified by the end of this week? Inflation is still there, as are institutional investors and giant appetite bitcoiners like MicroStrategy. Bitcoin’s fundamentals remain strong. Despite the fact that the bears were able to impose the game after BTC reached ATH above $ 64,700, the game just far from it over for bulls.