Bitcoin (BTC)
price returned above the $100,000 threshold this week, reaching its highest
levels since January as prominent investors continue advocating for
cryptocurrency adoption amid changing market dynamics.
The world’s
largest cryptocurrency changed hands at $103,608 on Saturday, gaining 0.6% for
the day, following Thursday’s significant 6% surge. This price recovery comes
after Bitcoin fell to as low as $76,273 in early April, representing a
substantial rebound in recent weeks.
MicroStrategy
founder Michael Saylor attributes Bitcoin’s inability to reach $150,000 yet to
what he describes as a market rotation process currently underway.
“A lot
of non-economically interested parties are rotating out of the asset,”
Saylor said during an appearance on the Coin Stories podcast with Natalie
Brunell. “At the same time, a new cohort of investors are entering.”
Saylor
pointed to Bitcoin holdings that ended up in the hands of government entities,
lawyers, and bankruptcy trustees who lack long-term investment perspectives.
“Many of these trustees do not have a 10-year investors mindset,” he
explained, noting they viewed the recent price rally as “a good exit point
to get liquidity.”
🎯NEW: Michael Saylor says, “I could tell you to put 5% of your portfolio in [#Bitcoin] but smarter would be to put 150% of your portfolio in it.” 👀 pic.twitter.com/FgwOmKDL9E
— CryptosRus (@CryptosR_Us) May 8, 2025
The tech
executive believes this selling pressure from short-term holders has
temporarily capped Bitcoin’s price potential, even as institutional adoption
through ETFs continues to grow. Spot Bitcoin ETFs posted $564.7 million in
inflows over the past five trading days, according to data from Farside.
Corporate Treasury
Strategy Gains Momentum
MicroStrategy
has emerged as one of Bitcoin’s most prominent corporate backers, with the firm
currently holding 555,450 Bitcoin valued at approximately $57.23 billion. The
company’s holdings now sit 50.27% above their average purchase price of
$68,569.
Saylor
expressed surprise at the rapidly evolving government stance toward
cryptocurrency following President Donald Trump’s inauguration earlier this
year. “I was surprised that the US embraced Bitcoin as radically as it has
over the last six months. I didn’t expect all the Cabinet members to be so
enthusiastic,” he said.
Source: Treasuries.bitbo.io
The Trump
administration established a Strategic Bitcoin Reserve through an executive
order signed on March 7, designed to hold Bitcoin forfeited through criminal or
civil asset proceedings.
You may also like: Why Is Bitcoin Going Up? Robert Kiyosaki Predicts BTC Price Could Hit $1 Million by 2035
Robert Kiyosaki And Alternative
to “Fake Money”
Meanwhile,
“Rich Dad Poor Dad” author Robert Kiyosaki continues his campaign
against fiat currencies, urging followers to embrace Bitcoin, gold, and silver
as protection against monetary debasement.
“Fake
money leads to dishonest money, dishonest statistics, dishonest accounting,
dishonest balance sheets, dishonest compensation, dishonest relations,
dishonest leaders, and corruption in everyday life,” Kiyosaki wrote in a
May 10 social media post.
WORDS of WISDOM from former US Congressman Ron Paul: Author of “End the Fed” and advocate for ending the Fed, all Central Banks, and getting back to a sound honest money system.
Ron Paul states:
“A central bank setting interest rates is price fixing and a form of central…
— Robert Kiyosaki (@theRealKiyosaki) May 10, 2025
Citing
former U.S. Congressman Ron Paul, Kiyosaki criticized central bank interest
rate setting as “price fixing” that erodes personal wealth. He called
on Americans to “fight back” by adopting decentralized stores of
value.
“Don’t
work or save fake money,” Kiyosaki advised. “Get on your own
decentralized gold, silver, and Bitcoin standard.”
The author
has previously forecast that Bitcoin could reach $1 million by 2035 as the U.S.
dollar continues losing value to inflationary monetary policies.
Bitcoin’s
recent price action follows President Trump’s tariff proposals earlier this
week, which appear to have contributed to renewed interest in alternative
assets. After reaching an all-time high of $109,000 in January, Bitcoin
experienced several months of downward pressure before beginning its current
recovery phase.
How High Can Bitcoin Go?
Technical Analysis
Based on my
technical analysis, Bitcoin has climbed back above the psychological six-figure
resistance of $100,000. In my view, it now has a clear path toward retesting
the $108,000 level and the yearly and all-time highs reached on January 20 at
$109,588.
BTC has
also broken above the resistance marked by the early 2025 highs near $102,400.
In April, the price broke out of a downward-sloping bearish regression channel
and entered a steeper bullish regression channel, within which it is currently
moving.
BTC/USDT Technical Analysis. Source: TradingView.com
Bitcoin (BTC)
price returned above the $100,000 threshold this week, reaching its highest
levels since January as prominent investors continue advocating for
cryptocurrency adoption amid changing market dynamics.
The world’s
largest cryptocurrency changed hands at $103,608 on Saturday, gaining 0.6% for
the day, following Thursday’s significant 6% surge. This price recovery comes
after Bitcoin fell to as low as $76,273 in early April, representing a
substantial rebound in recent weeks.
MicroStrategy
founder Michael Saylor attributes Bitcoin’s inability to reach $150,000 yet to
what he describes as a market rotation process currently underway.
“A lot
of non-economically interested parties are rotating out of the asset,”
Saylor said during an appearance on the Coin Stories podcast with Natalie
Brunell. “At the same time, a new cohort of investors are entering.”
Saylor
pointed to Bitcoin holdings that ended up in the hands of government entities,
lawyers, and bankruptcy trustees who lack long-term investment perspectives.
“Many of these trustees do not have a 10-year investors mindset,” he
explained, noting they viewed the recent price rally as “a good exit point
to get liquidity.”
🎯NEW: Michael Saylor says, “I could tell you to put 5% of your portfolio in [#Bitcoin] but smarter would be to put 150% of your portfolio in it.” 👀 pic.twitter.com/FgwOmKDL9E
— CryptosRus (@CryptosR_Us) May 8, 2025
The tech
executive believes this selling pressure from short-term holders has
temporarily capped Bitcoin’s price potential, even as institutional adoption
through ETFs continues to grow. Spot Bitcoin ETFs posted $564.7 million in
inflows over the past five trading days, according to data from Farside.
Corporate Treasury
Strategy Gains Momentum
MicroStrategy
has emerged as one of Bitcoin’s most prominent corporate backers, with the firm
currently holding 555,450 Bitcoin valued at approximately $57.23 billion. The
company’s holdings now sit 50.27% above their average purchase price of
$68,569.
Saylor
expressed surprise at the rapidly evolving government stance toward
cryptocurrency following President Donald Trump’s inauguration earlier this
year. “I was surprised that the US embraced Bitcoin as radically as it has
over the last six months. I didn’t expect all the Cabinet members to be so
enthusiastic,” he said.
Source: Treasuries.bitbo.io
The Trump
administration established a Strategic Bitcoin Reserve through an executive
order signed on March 7, designed to hold Bitcoin forfeited through criminal or
civil asset proceedings.
You may also like: Why Is Bitcoin Going Up? Robert Kiyosaki Predicts BTC Price Could Hit $1 Million by 2035
Robert Kiyosaki And Alternative
to “Fake Money”
Meanwhile,
“Rich Dad Poor Dad” author Robert Kiyosaki continues his campaign
against fiat currencies, urging followers to embrace Bitcoin, gold, and silver
as protection against monetary debasement.
“Fake
money leads to dishonest money, dishonest statistics, dishonest accounting,
dishonest balance sheets, dishonest compensation, dishonest relations,
dishonest leaders, and corruption in everyday life,” Kiyosaki wrote in a
May 10 social media post.
WORDS of WISDOM from former US Congressman Ron Paul: Author of “End the Fed” and advocate for ending the Fed, all Central Banks, and getting back to a sound honest money system.
Ron Paul states:
“A central bank setting interest rates is price fixing and a form of central…
— Robert Kiyosaki (@theRealKiyosaki) May 10, 2025
Citing
former U.S. Congressman Ron Paul, Kiyosaki criticized central bank interest
rate setting as “price fixing” that erodes personal wealth. He called
on Americans to “fight back” by adopting decentralized stores of
value.
“Don’t
work or save fake money,” Kiyosaki advised. “Get on your own
decentralized gold, silver, and Bitcoin standard.”
The author
has previously forecast that Bitcoin could reach $1 million by 2035 as the U.S.
dollar continues losing value to inflationary monetary policies.
Bitcoin’s
recent price action follows President Trump’s tariff proposals earlier this
week, which appear to have contributed to renewed interest in alternative
assets. After reaching an all-time high of $109,000 in January, Bitcoin
experienced several months of downward pressure before beginning its current
recovery phase.
How High Can Bitcoin Go?
Technical Analysis
Based on my
technical analysis, Bitcoin has climbed back above the psychological six-figure
resistance of $100,000. In my view, it now has a clear path toward retesting
the $108,000 level and the yearly and all-time highs reached on January 20 at
$109,588.
BTC has
also broken above the resistance marked by the early 2025 highs near $102,400.
In April, the price broke out of a downward-sloping bearish regression channel
and entered a steeper bullish regression channel, within which it is currently
moving.
BTC/USDT Technical Analysis. Source: TradingView.com
