miamma3ria

@miamma3ria

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“It is the only Web3 vertical generating revenue and fundamentals with zero correlation to the crypto market, delivering real-world value,” Álvaro Gracia, partner at Borderless, told Cointelegraph.

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Borderless Capital, a venture firm pouring millions of dollars into DePIN protocols, claims the sector holds “the most compelling opportunity” in Web3.

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DePINs allow users to become stakeholders in the network, meaning they can own a piece of the infrastructure they use, thus creating new opportunities for financial inclusion.

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CK Zheng, chief investment officer of ZK Square, told Cointelegraph that Bitcoin has likely entered “Santa Claus mode,” as many investors fear missing out and look to allocate more capital into the asset class.

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Bitcoin’s price rallied almost 5% on Dec. 15 to set a new all-time high above $106,000 amid speculation that it may become a United States reserve asset.

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Its strong performance has even earned it a place in the Nasdaq-100 — a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq.

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MSTR has been one of the best-performing stocks on the Nasdaq this year, up an eye-popping 496.4% year-to-date, Google Finance data shows.

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Saylor has said the firm won’t stop buying anytime soon, saying he’s “sure” he’ll still buy Bitcoin at $1 million.

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Another batch toward the upper limit of that range would put the firm within arm’s reach of a $50 billion Bitcoin portfolio. As of Dec. 15, the company held 423,650 Bitcoin worth more than $43.6 billion.

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Saylor’s business intelligence firm has confirmed it bought Bitcoin at an average purchase price of $97,862, $95,976 and $98,783 over the last three Mondays from Nov. 25 to Dec. 9, SaylorTracker data shows.

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If Saylor’s hint is confirmed for a sixth time, it would mean MicroStrategy bought its first Bitcoin batch with an average purchase price of over $100,000, as Bitcoin hasn’t traded below six figures since 5:00 pm UTC on Dec. 13, CoinGecko data shows.

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Saylor has posted the SaylorTracker chart for five consecutive Sundays since Nov. 10 and each time, a Bitcoin purchase from MicroStrategy has been confirmed the following day.

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Michael Saylor, the orchestrator of MicroStrategy’s Bitcoin investment strategy, hinted that it bought more Bitcoin over the weekend, which would mark the firm’s first acquisition with an average purchase price of more than $100,000.

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Nasdaq has announced that Bitcoin bull Michael Saylor’s company, MicroStrategy (MSTR), will be added to the Nasdaq-100 Index starting Dec. 23.

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Grewal’s post received backlash from crypto industry insiders, including from Tron founder Justin Sun, who challenged the company’s transparency, questioning the alignment between Grewal’s statement and earlier remarks by Coinbase CEO Brian Armstrong.

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They highlighted that ETH had its “highest weekly close of the year” and echoed Adams’ sentiment, suggesting a retest of its all-time high could happen sooner than many traders anticipate.

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Meanwhile, pseudonymous crypto trader Pentoshi said in a Dec. 9 X post to his 830,900 followers that Ether “is having structural changes as well as the beginning of consistent and large ETF flows.”

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This follows a Dec. 9 claim from Bankless podcast host Ryan Adams, who suggested that a new Ether all-time high “could happen” within the next week. Ether’s current all-time high is $4,878, reached in November 2021.

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Of the $305 million in inflows, Fidelity Ethereum Fund accounted for $202.2 million, according to Farside data.

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Ethereum educator Anthony Sassano added that “TradFi is gobbling up the cheap ETH.”

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