New Year For Crypto

A new phase of strengthening Bitcoin and Ether will begin in January, said Raul Pal, a former top manager at Goldman Sachs. Volatility is likely to worsen today after expiration in the crypto derivatives market.

In his opinion, the situation resembles the border of 2019–2020. Then, against the backdrop of the return of turbulence, bitcoin began to add in value and pulled up the rest of the digital currencies.

According to Michael Saylor, CEO of MicroStrategy, the company will not sell cryptocurrency even if its value falls. Now under the control of the American software giant is 124,391 bitcoins for a total of $ 5.9 billion. The purchase cost $ 3.75 billion. In the reporting documents sent to the SEC, it is noted that in the period from December 9 to 29, MicroStrategy acquired another 1,914 crypto coins at an average price of $ 49,229, spending $ 94.2 million on it.