Bitcoin (BTC) has risen to a new all-time high of $82,379 today. The original cryptocurrency rose over 30% over the previous month. Microstrategy has also witnessed incredible growth following BTC’s latest rally. The company’s return on investment (ROI) increased to more than 100% after BTC hit a new peak. At the moment, the corporation has 252,220 Bitcoin, which is valued at over $20 billion.
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Microstrategy CEO Micheal Saylor recently highlighted the company’s incredible returns. Saylor stated on X, “I think saylortracker.com needs more green dots.“
Why Is The Cryptocurrency Market Rallying?
The cryptocurrency market surged after Donald Trump won the US presidential election. Trump has been a strong advocate for the cryptocurrency industry. He enabled Bitcoin (BTC) and other cryptocurrencies to be donated to his campaign earlier this year.
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Many expected a market-wide rise if Trump regained power. Investors are likely bullish on a Trump administration. Many also anticipate lenient crypto regulations under his rule. As retail buyers suffer from FOMO (fear of missing out), the market may continue to rise over the next weeks.
With Bitcoin Rallying, Should You Buy MSTR Now?
With BTC’s rise to a new high, Microstrategy’s stock, MSTR, also saw a rally. The stock recently hit a new all-time high of more than $270. Despite its growth, MSTR witnessed a 0.14% dip today.
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With Trump in power, many analysts anticipate the crypto market to continue rallying. According to a Standard Chartered report, BTC could hit the $125,000 mark following a Trump victory. If BTC continues its rally, MSTR’s value will also likely follow suit. It could be a good time for investors to keep an eye on MSTR’s movements over the next few days.
