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RE: Metaplanet, based in Japan, plans to increase its Bitcoin holdings by 470% this year

in LeoFinance2 days ago

Metaplanet is making a positive move and if they can succeed that 10K bitcoin holding it will be good for them. Looking at the market, bitcoin is likely to double up in price anytime sooner. We should even consider where this asset will stand in the next four years. Is 500K to 1million impossible? The US reserve alone can trigger this price

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I would think more about reaching 200K first! A lot of things have to happen for that much money to enter the market and for it to be with the motive of buying BTC. Also, it has to allow it to be sustainable over time, because when they sell, the price will drop drastically.

the 'lot of things' is gradually surface. Yes as you said, a sustainable use case is mandatory. As for bitcoin, I feel it's mostly the virtual gold