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Genius Group Expands Bitcoin Treasury with $5 Million Purchase In a latest development, Genius Group Limited, an education company with a focus on AI and Bitcoin, has expanded its Bitcoin Treasury, purchasing an additional $5 million worth of Bitcoin. This acquisition increases the company’s total Bitcoin holdings to 372 units, valued at $35 million, at an average price of $94,047 per Bitcoin. Notably, this move is part of Genius Group’s Bitcoin-first strategy, which was first announced on November 12, aiming to invest 90% or more of its reserves in Bitcoin, targeting an initial amount of $120 million in the cryptocurrency. https://coinpedia.org/news/genius-group-expands-bitcoin-treasury-with-5-million-purchase/
Analyst Predicts Bitcoin Surge as Long-Term Holders Reduce Sales The owner of InvestAnswers mentioned to his 560,000 YouTube subscribers that approximately 70% of those who have held BTC for 155 days or longer have completed their sales. This reduction in selling pressure may pave the way for Bitcoin to gain value soon. The analyst highlighted that Michael Saylor’s MicroStrategy company and spot Bitcoin exchange-traded funds (ETFs) purchasing BTC worth a total of $82 million could further elevate Bitcoin’s price. He indicated that these investments could play a significant role in pushing Bitcoin to reach $175,000 per coin. https://en.coin-turk.com/analyst-predicts-bitcoin-surge-as-long-term-holders-reduce-sales/
Jamie Coutts Predicts Significant Bitcoin Price Surge in Six Months Interest Rates and Liquidity Injections Coutts shared a graph illustrating the historical relationship between the global money supply (M2) metric and Bitcoin. He suggests that an increase in M2 could positively impact Bitcoin’s price. “I expected Bitcoin to be at $80,000 as a strong dollar becomes a real issue. This shows the strength of basic demand and expectations for the Fed to take action; otherwise, things will begin to deteriorate. Regardless of the sequence of events, more liquidity is coming, and Bitcoin should be much higher in six months.” Adaptation in the Private Wealth Segment Coutts anticipates an increase in Bitcoin adoption within the private wealth segment, which encompasses high-net-worth individuals and families. He notes that these groups are less concerned about the daily liquidity fluctuations seen on crypto Twitter. https://en.coin-turk.com/jamie-coutts-predicts-significant-bitcoin-price-surge-in-six-months/
XYZVerse’s explosive growth potential draws DOGE holders XYZVerse is gaining attention as a promising cryptocurrency, blending sports and meme culture with the potential for significant returns. Missing out on Dogecoin’s rise left many wishing for another chance. XYZVerse is now making waves with an astonishing potential of up to 25,000% returns. This could be the opportunity to get in early on a new project. The article explores what sets XYZVerse apart and why it might be the next significant player in cryptocurrency. As the first-ever all-sports meme coin, XYZ has pushed through the bear market with unrelenting momentum. With 75x growth potential on the horizon, it’s gearing up to outshine 2024’s meme coin sensations like BOME and WIF. https://crypto.news/xyzverses-explosive-growth-potential-draws-doge-holders/