#5 Bitcoin Could Hit $1M Within 10 Years

Bitcoin, Ordinals and, Runes Digest

Jun 14, 2024

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The price of bitcoin is likely to hit $1 million by 2033 and reach a cycle-high of $200,000 by 2025, Bernstein said as it initiated coverage of software developer MicroStrategy, the biggest corporate owner of the largest cryptocurrency, with an outperform rating.

MicroStrategy is set to offer $500 million in convertible senior notes due in 2032 to finance more Bitcoin acquisitions. This private offering targets qualified institutional buyers and seeks to bolster the company’s resources amid volatile market environments.

Spot bitcoin (BTC) exchange-traded funds (ETFs) have led the way, attracting $16 billion of net inflows. This number, when combined with Chicago Mercantile Exchange (CME) futures flows plus capital raised by crypto venture capital funds, increases the total inflow into digital asset markets this year to $25 billion.

BounceBit has announced a partnership with @LayerZero_Labs to enhance interoperability. The goal is to facilitate a BTC restaking chain that offers a CeDeFi approach.

Oranj mints starts today. Supply: 2500, Price: 0.0009 BTC. Phase 1: GTD 12 PM EST.

The minting phase for COOK•THE•MEMPOOL concludes soon.

$DOG is already available on Bitpansda.