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Industry professionals: MicroStrategy's buying support has boosted the price of BTC, which is still in the early stages of this cycle

2025-02-07 16:02:10

BTC2.89%

PVP3.42%

Odaily Planet Daily News According to Jason Yanowitz from Empire, without the spending frenzy of over 20 billion USD from MicroStrategy founder Michael Saylor from the end of last year to this year, the price of BTC would be much lower than it is now. Therefore, he believes that we are still early in this cycle. In addition, he mentioned, 'We have not seen enough venture capital, it's very PvP.' His view was supported by Dan Matuszewski of CMS Holdings, who said, 'My guess is that the aftermath of 2021 still exists. Liquidity is basically non-existent, so it cannot substantially drive flow or collect inflows, and venture capital is still the measure of alternative investment.' (Blockworks)

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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