• Bitcoin Nears $100K After MicroStrategy’s Biggest Buy Yet

  • Nov 28 2024
  • Length: 30 mins
  • Podcast

Bitcoin Nears $100K After MicroStrategy’s Biggest Buy Yet

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  • Summary

  • Join Matt and Nick as they discuss Bitcoin hitting fresh all-time highs of nearly $100,000, MicroStrategy buying more BTC, options for Bitcoin ETFs, Aus Crypto Con 2024, Gary Gensler stepping down as SEC chair, spot Solana ETF news, and more.

    Key Takeaways

    1. Bitcoin continued to climb, surpassing $99,000 for the first time before retracing to the early $90,000s.
    2. MicroStrategy made its largest BTC purchase to date, adding $5.4B worth throughout mid-November. It now holds 386,700 BTC and plans to keep accumulating.
    3. SEC Chair Gary Gensler said he would step down on January 20. This was widely celebrated by the industry, given Gensler’s hostility toward crypto in recent years.
    4. The launch of Bitcoin ETF options in the U.S. was met with unprecedented interest and volume.
    5. Market sentiment is showing some signs of euphoria, reminiscent of previous bull runs, with crypto apps surging up the App Store rankings.
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