“Expecting the longest rising cycle in history”… Bitcoin breaks through $100,000 again

Bit is showing strength by breaking through the $100,000 mark again. As of 9:06 am on the 7th, based on CoinMarketCap, BTC recorded $12,180.97, up 3.81% from the previous day. At the same time, based on Bithumb, BTC traded at 150,012,000 won, up 1.63% from the previous day. The news of companies like MicroStrategy and Meta Planet planning to purchase more BTC this year has driven the price increase. MicroStrategy announced on the 6th (local time) that it had invested about $101 million to newly purchase 1,070 BTC. As a result, MicroStrategy now holds a total of 447,470 BTC. The company plans to raise a total of $42 billion through the issuance of stocks and bonds over the next 3 years to further purchase BTC. Japanese company Meta Planet also announced a similar strategy. Meta Planet CEO Simon Gerovich said on the 5th (local time) through his X that the company currently holds 1,762 BTC and plans to expand it to up to 10,000 BTC. The fact that the largest amount of funds has flowed into Bit-linked ETFs in 6 weeks has also been a driving force for the rise. According to CoinTelegraph, the US physical Bit ETF recorded a net inflow of $908 million on the 3rd. The Fidelity Wise Origin Bit Fund (FBTC) recorded the largest inflow of $357 million, and BlackRock's iShares Bit Trust (IBIT) saw an inflow of $253 million. Joo Gi-young, CEO of CryptoQuant, said, "This BTC upward cycle has the potential to be the longest on record," and "new sources of liquidity are continuously injecting vitality into the market, and additional liquidity supply is also expected."