From BigGo Finance · BigGo Finance · · 50s
Bitcoin Bull Market Driver
Bank credit expansion could push Bitcoin into bull market within 12-24 months.
In brief
Bank credit expansion could push Bitcoin into bull market within 12-24 months. Michael Saylor says expanded bank custody and credit for Bitcoin will drive a bull market in 12-24 months. Originally reported by BigGo Finance.
Saylor's Bull Market Claim
Michael Saylor says Bitcoin is returning to a bull market.
12-24 Month Timeline
Saylor projects bank custody and credit expansion will drive prices higher within 12 to 24 months.
200-Week Moving Average
BTC rebounded off 200-week simple moving average three months ago.
BTC-Collateralized Credit
Saylor estimates $10 billion in BTC collateral equals one year of new Bitcoin supply.
Stablecoin Projection
Saylor projects btc-backed stablecoins could generate 6-8% annual returns.
Strategy's Financials
Strategy bought back $1.5 billion of STRC and has 3 years 6 months dividend coverage.
The takeaway
Michael Saylor says expanded bank custody and credit for Bitcoin will drive a bull market in 12-24 months.
