MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 — a crucial price level for the majority of 2024. “I don’t think it is going to $60,000, it is not going to $30,000, I think it is going to go up from here,” Saylor told CNBC on Nov. 14. Bitcoin BTC tickers down $89,426 is trading around $87,790, according to CoinMarketCap. He said Donald Trump’s win “very decidedly” settled the future of crypto and Bitcoin in the United States, adding, “I don’t really see any threats on the near-term horizon.”
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United Kingdom-based pension specialist Cartwright reported that an “unnamed scheme” had made a 3% allocation of Bitcoin into its pension fund. According to a Nov. 4 notice, Cartwright reported that “after a rigorous training and due diligence process,” a UK pension scheme had chosen to make the Bitcoin BTC tickers down $67,495 allocation, citing its “long investment time horizon.” The firm’s head of investment implementation, Steve Robinson, said the crypto investment would help “reduce reliance on employer contribution.” The company did not provide additional details about the nature of the pension scheme or how much would be invested. Cointelegraph reached out to Cartwright for comment but did not receive a response at the time of publication.
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Poodlana is among the cryptocurrencies to record a flip in price direction as the ecosystem recorded $2.2 billion in digital assets investment inflows. While Bitcoin, Ethereum, and Solana eye key support levels, its likely the positive sentiment pushes other alts higher.
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