BlackRock’s MicroStrategy Stake Sparks Debate Over Bitcoin Price Prediction

The Bitcoin price has soared past $117,543 on August 18, reaching its new all-time high. The rise in price comes after BlackRock’s significant investment in MicroStrategy, a company that holds a sizable stake in Bitcoin, and has sparked speculation about the future of cryptocurrency. This has led to volatile market movements with analysts predicting both bullish and bearish scenarios for Bitcoin’s price.