Bitcoin (BTC) has recently broken above its bull flag pattern and is now consolidating just above this important level. The big question is: will it continue to rise and exceed the previous swing high of $70,000, or will the bullish momentum start to fade?
We’re here to give you some answers!
The $100 Billion Bitcoin Bet
In a recent episode of the Markets with Madison podcast, Michael Saylor, CEO of MicroStrategy, suggested that Apple should invest $100 billion in Bitcoin instead of choosing a stock buyback. Saylor believes this bold move could significantly increase Apple’s market capitalization and drive long-term growth.
He predicts that if Apple invests $100 billion in Bitcoin, the value of that investment could grow to $500 billion, assuming a 20% annual growth rate. Saylor estimates that Apple could earn $100 billion in annual investment gains, potentially adding trillions to its market cap. He argues that this strategy would shift Apple’s valuation to 60% based on its operating business and 40% on its Bitcoin holdings.
MicroStrategy’s Bitcoin Strategy
Under Saylor’s leadership, MicroStrategy has become the largest corporate holder of Bitcoin, with over $17 billion in holdings. Saylor has consistently positioned Bitcoin as a key part of the company’s digital transformation strategy. This approach has proven successful, with MicroStrategy’s stock surging over 182% year-to-date, largely due to its Bitcoin assets.
Additionally, Saylor has indicated that MicroStrategy is aiming to become a Bitcoin bank, highlighting the strong institutional demand for Bitcoin and its growing role in traditional finance.
Crypto in Politics
In the political arena, Donald Trump’s presidential campaign has raised over $7.5 million in cryptocurrency. This achievement enhances the credibility of digital assets and marks a significant step toward the acceptance of crypto in political fundraising.
Bitcoin’s Impact on Smaller Companies
Saylor also believes that smaller S&P 500 companies could improve their performance by gaining exposure to Bitcoin. If these companies follow this path, they could start to compete with Big Tech. According to Saylor, this shift would move the overall performance of the S&P index toward Bitcoin.
With these insights, Saylor continues to advocate for Bitcoin as a transformative asset for corporations, positioning it as a key driver of growth for companies like Apple and beyond.
Bitcoin Current Market Analysis
Bitcoin (BTC) is currently consolidating above its bull flag trendline, facing resistance around $68,000 and the 0.786 Fibonacci level. While some consolidation is expected between this resistance and the bull flag, strong institutional buying of spot Bitcoin ETFs and positive market sentiment could push BTC higher. Price targets include $70,000, $71,900, and the all-time high of $73,800, with the potential to reach $100,000 before the year ends.
Will Apple heed Saylor’s advice and dive into the crypto world? Only time will tell.
