Money wey Bitcoin Treasury Firms never use well well don give hope say BTC price go rush up, NYDIG report.
One new report from NYDIG say publicly traded corporate treasury firms wey hold Bitcoin get plenty 'dry powder' – dis one mean dem get space to sell more shares wey dem neva use – and dem fit use am buy more BTC. Dis fit make the price of Bitcoin jump well well. Greg Cipolaro, wey be NYDIG's global head of research, say if dis companies use dia high share price to raise money and buy more bitcoin, BTC price fit jump reach $42,000 for one coin. Dis na like 44% jump from wetin e dey now, wey be around $96,000. The report talk say more companies dey put direct bitcoin for dia balance sheet, not just ETF investment. E point to Twenty One, one company wey focus on bitcoin and get support from Tether, Bitfinex, and Cantor Fitzgerald, wey just enter market, as something wey make dis trend strong. Currently, 69 public companies hold around $69.6 billion worth of BTC. Dis system create like a circle: dem sell shares, use the money buy BTC, dis make bitcoin price go up, and con make the company shares valuable too. For crypto traders, dis na sign say things go good (bullish outlook), e show say big big companies dey want am more, and say price fit go up kakaraka if dis firms use dia space to sell shares well well.
Bullish
Di tori wey comot show say public Bitcoin company get plenty power to comot new share wey dem no use, wey dem fit use buy more bitcoin. Dis kin buy-buy pressure, wey dem estimate say e fit add up to $42,000 to di current BTC price, show say price go fit go up well well if company dem use di high share price. Di way dem de form special company wey de gather bitcoin, as institution dem de show interest more, and as share price and BTC price de affect each other for better, all dis show say Bitcoin get good chance to go up for short and long time. As institution dem want more, e go likely push di price up pass wetin e be, and dis go make market feel good and trader dem go active more.