TechFlow news, December 3 — According to Cointelegraph, new research by investment advisor Jeff Walton shows that even if Bitcoin's price plunges 80% to below $20,000, MicroStrategy's Bitcoin investment strategy remains solid. Walton calculated that only when Bitcoin's price drops to $18,826 would the company's assets fall below its liabilities.
Charles Edwards, founder of quant fund Capriole Investments, pointed out that institutional demand for Bitcoin is experiencing explosive growth, currently showing three notable characteristics: first, MicroStrategy continues to raise billions weekly to purchase Bitcoin; second, mining firm MARA is conducting a $1 billion fundraising round to increase its Bitcoin holdings by 30%; third, institutions and ETFs now hold 13.5% of Bitcoin's circulating supply, growing at an exponential rate.
Edwards further predicted that the current trend of institutional Bitcoin adoption is still in its early stages. He believes that once Bitcoin surpasses the $100,000 threshold, it will trigger a much larger market rally driven by widespread momentum buying.
