Bitcoin Price Soars as Saylor Predicts Fast Returns and Hints at More Buys

Bitcoin prices surged 4%, reaching $110,959 in the past 24 hours, driven by significant trading volume of $60.1 billion. This rise comes amid Michael Saylor’s assertion that Bitcoin treasury companies like Strategy can convert $100 million into BTC instantly, further fueled by his recent hint at another potential Strategy buy. Saylor also highlighted the speed of Bitcoin’s investment cycle, claiming it surpasses other asset classes like technology or real estate. Strategy currently holds 640,250 Bitcoin on its balance sheet, representing nearly 2.5% of the total supply.