MicroStrategy To Pump USD 1B Into Bitcoin, What Does This Means For Day Traders?


MicroStrategy is perhaps the biggest fan of Bitcoin. After amassing approximately 70,784 BTC by the end of January, the non-crypto company announces that it plans to purchase $1 billion more BTC with the net proceeds from its convertible senior notes. Altcoins also rally as DeFi and CeFi projects continue to grow in influence. 

MicroStrategy To Pump USD 1B Into Bitcoin, What Does This Means For Day Traders? 1

Bitcoin set a new record high of $56,500 on Feb. 20, meaning that its market value has surpassed $1 trillion, placing the cryptocurrency shoulder-to-shoulder with tech giants: Apple Inc., Google’s parent company Alphabet Inc. and Microsoft Corp.. The recent rallies of Bitcoin prompt more institutional investors to take it seriously. 

Many big investors do take it seriously. Less than a month ago, Tesla’s founder Elon Musk endorsed Bitcoin and Dogecoin on his Twitter account. Bitcoin skyrocketed 20% to trade at $37,299, while Dogecoin was up 800% within 24 hours at one point. Furthermore, Tesla recently invested $1.5 billion in Bitcoin and is planning to accept it as a form of payment. Bitcoin’s price soared to a record high of $44,795 after the announcement. At the time of writing, it is trading at $55,000. This means that Tesla may have earned $600 million on the investment. 

Meanwhile, bulls take control of the options market with the open interest on Bitcoin options tops $12 billion, a figure unusually high indicating bullish sentiments among traders. 

So what’s next for Bitcoin? Anthony Scaramucci, the founder of Skybridge has his eyes on $100K by the end of 2021. “It’s just a supply and demand situation,” said Anthony Scaramucci. “You don’t have a lot of supply out there and very heavy demand.” 

“We are witnessing a large flow of new users every day for the past months, with many beginners hoping to get a share of the bull market. Day traders are advised to go with the main trend while paying attention to control risks with tools,” said Knash Nikolsson, the marketing director of Bexplus exchange.

Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over 100K traders around the world, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support. 

  • Demo account with 10 BTC

To help traders better familiarize themselves with leveraged trading, Bexplus has launched the trading simulator. There are 10 replenishable BTC in the demo account for traders to practice as much as they like, without taking any risks. You can also learn to analyze the market and use the tool-kit with the demo account.

  • 24/7 withdrawal and 24/7 customer support

You can submit a withdrawal request anytime you want. You can have your deposits back in as fast as 30 minutes during work hours. If you encounter any problems when using Bexplus, you can contact customer support via different channels, such as e-mail and live chat.

  • 100% Deposit Bonus

Each trader can get a 100% deposit bonus to double their funds. Bonuses are not withdrawable but the profits made from bonuses can be withdrawn. Higher margins reduce the risks of forced liquidation.

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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