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- đ¨ Could Bitcoin Be the Long-Term Bet of the Decade? Michael Saylorâs Bold Prediction
đ¨ Could Bitcoin Be the Long-Term Bet of the Decade? Michael Saylorâs Bold Prediction
CoinGape Media
December 07, 2024
News
David Sacks, the newly appointed crypto czar has taken notice of the surge in complaints about Operation Choke Point 2.0. Following the Donald Trump victory discussions regarding this operation, which involved attempts to cripple the crypto industry by preventing access to liquidity, have been on the rise. On Friday, crypto exchange Coinbase unveiled the âpause letters,â revealing the Federal Deposit Insurance Corporationâs (FDIC) role in Operation Choke Point 2.0.
Michael Saylor, Executive Chairman of MicroStrategy, continues to advocate for Bitcoin as the ultimate long-term investment. He describes it as a reliable store of value in an inflationary environment and a superior alternative to traditional assets. Besides, Saylor urges investors to focus on a decade-long horizon, using spare capital to accumulate Bitcoin steadily. He believes BTCâs potential to appreciate against fiat currencies outweighs its near-term volatility, making it a solid choice for long-term wealth preservation.
In just a short time, Pepeto has raised over $1 million in its presale phase, capturing the attention of investors and whales alike. More than just a memecoin, Pepeto is designed to elevate the entire memecoin sector, soon to be providing a bridge and exchange platform that fosters liquidity, accessibility, and collaboration among tokens. Positioned to adopt all next-generation memecoins in the 2025 bull run, Pepeto is emerging as a cornerstone project for the crypto community.
Markets
Today, the cryptocurrency market was bullish, with Bitcoin (BTC) rising above $100,000 as crypto prices today reflected strong momentum. This came after a volatile phase where BTC fell to $92,000 following its all-time high.
Rippleâs XRP has gained 6% after three consecutive days of downward movement. Meanwhile, XDC Network has emerged as the top gainer, with an impressive 36% jump in its price.
The crypto market rose by over 2%, bringing its total market capitalization to $3.67 trillion. However, trading volume has decreased by 31%, standing at $250 billion.
A Dogwifhat whale has sparked speculations among traders recently, heavily dumping the meme coin to one of the top crypto exchanges, Coinbase. On-chain data on Saturday indicated that the whale dumped nearly $10 million worth of WIF after making a remarkable profit. This saga has in turn fueled market concerns surrounding the dog-themed meme crypto price action ahead.
Although there was a lot of enthusiasm when Bitcoinâs cleared $100K for the first time, it was brief. The December 5 crash knocked BTC to $90K and tirggered more than a billion US dollars worth of liquidation. But this one indicator showcases that the second attempt to overcome $100K will be massively bullish. Regardless, Bitcoin price today hovers around $99,665.0 on 12 PM after hitting a daily high of $102,034.0 today after a 1.61% move on December 7.