Michael Saylor, Nayib Bukele, and Tom Lee Remain Steadfast During Crypto Market Decline — These Entities Are Actively Purchasing Bitcoin and Ethereum Dips | Intellectia.AI
Michael Saylor, Nayib Bukele, and Tom Lee Remain Steadfast During Crypto Market Decline — These Entities Are Actively Purchasing Bitcoin and Ethereum Dips
Written by Emily J. Thompson, Senior Investment Analyst
Investor Accumulation Amid Market Decline: Despite a downturn in the cryptocurrency market, notable investors like Michael Saylor's Strategy Inc. and El Salvador have been purchasing Bitcoin and Ethereum at discounted prices, with Strategy Inc. acquiring 8,795 BTC and El Salvador adding 1,122 BTC to its reserves.
Significant Corporate Holdings: Strategy Inc. now holds 650,000 BTC valued at $60.45 billion, making it the largest corporate holder, while Bitmine Immersion Technologies has stockpiled 331,064 ETH, increasing its total to 3.72 million ETH worth nearly $11 billion.
Political Involvement in Crypto Investments: Lawmakers are also engaging in cryptocurrency investments, with Senator David McCormick disclosing his purchase of shares in the Bitwise Bitcoin ETF ahead of Thanksgiving.
Market Sentiment and Future Outlook: The ongoing sell-off has led to mixed sentiments in the market, with some investors viewing the price drops as an opportunity to expand their holdings rather than a signal to exit.
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.870
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Current: 39.870
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
