Bitcoin has achieved an all-time high of $112,000, starting from a price of $98,000 on June 22. BlackRock's iShares Bitcoin Trust also reached an ATH of $63.58. This ETF holds over 700,000 BTC, equating to 3.33% of the total supply, and generates significant revenue. El Salvador has accumulated over 6,232 BTC, resulting in unrealized gains of $400 million. Corporations are increasingly investing in Bitcoin, exemplified by The Smarter Web Company's 1,000 BTC increase. Industry leaders, including Michael Saylor, have voiced strong bullish sentiments about Bitcoin's future.
Bitcoin achieved an all-time high of $112,000 on June 22, coinciding with BlackRock's iShares Bitcoin Trust reaching an ATH of $63.58. The trust holds over 700,000 BTC, comprising 3.33% of total supply.
El Salvador's Bitcoin reserves have grown to over 6,232 BTC with unrealized gains of $400 million. President Nayib Bukele announced intentions to buy 1 BTC daily until it is deemed unaffordable.
Corporate interest in Bitcoin is rising, with The Smarter Web Company increasing its holdings to 1,000 BTC, and US tech firms converting cash reserves into Bitcoin.
Michael Saylor expressed optimism about Bitcoin's future, stating, "winter is not coming back. We are past that phase. If Bitcoin is not going to zero, it is going to $1 million."
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