Bitcoin is experiencing new highs; however, some institutional investors are cautious, fearing a dump ahead as investors sell off for profits. While some investors are holding back, others are doubling down. MicroStrategy is an example of a firm that is all in on BTC. A recent $2 billion Bitcoin purchase by the firm has sparked a surge in Ripple, Rollblock, and other altcoin prices.
Bitcoin’s Vote of Confidence: MicroStrategy’s $2B Buy Validates BTC’s Store of Value
Recent data shows that MicroStrategy sold approximately 7.8 million shares for about $2 billion. The funds were then reinvested into Bitcoin, showing their vote of confidence in the cryptocurrency.
Twenty-four hours after the news broke out of their purchase Bitcoin broke the $90,000 barrier. Although BTC’s price increase is primarily credited to Donald Trump’s win at the polls MicroStrategy’s purchase indicates Bitcoin is headed for new highs.
Bitcoin is currently trading at $92,000. According to TradingView’s 1-week rating, the token indicates a strong buy sign. As the biggest crypto, several analysts are studying the charts and anticipate $100,000 in the coming days.
Although Bitcoin could break records, it’s impossible it will provide 100x returns given its huge market cap.
XRP Rides Altcoin Surge Wave, Up 6% Since MicroStrategy’s Investment
It’s been a few days since MicroStrategy purchased 279,420 BTC tokens. According to crypto market analysts, this move sparked a surge amidst altcoins. One of the biggest gainers has been Ripple (XRP). The token is currently priced at $0.7239, and analysts expect XRP to cross the $1 mark in November.
Breaking through $1 is good news to XRP holders. However, Ripple’s (XRP) constant legal cases with the SEC might hurt its progress. Ripple (XRP) is 80% away from its ATH, and analysts believe it will likely fail to reach $2 during the bull run. Considering all this, many XRP investors are turning to Rollblock, poised to give 100x returns.
Rollblock Set to Outperform Bitcoin and Ripple in the Bull Market
The crypto market is entering a bull run and every investor wants to maximize their returns. As the market snowballsRollblock is expected to become a popular altcoin with 100x growth potential as it offers real-world utility alongside a unique DeFi application.
Rollblock is the first casino-backed P2E token in the market. The project bridges the divide between centralized and decentralized gaming. This unique GambleFi protocol uses blockchain technology to create a safe player experience during which game results cannot be manipulated.
Over 7,000 games are available and can be played with over 20 major cryptocurrencies including XRP and Bitcoin. Users can access the platform with ease and over 20,000 have already signed up.
Rollblock also offers a fantastic investment opportunity. Investors who hold $RBLK tokens can earn a share of up to 30% of the platform’s revenue. Each week Rollblock will use revenue to repurchase $RBLK from the open market. 40% of these tokens will be used for rewards and the remaining 60% will be burned to make $RBLK deflationary.
$RBLK is currently in stage eight of its presale and is valued at $0.035. Having already gained huge traction, analysts are extremely bullish about the projects growth, with many predicting potential 100x surges once the presale is complete! For a limited time RollBlock Tokens are available with a 50% Bonus, providing the perfect opportunity to acquire $RLBK!
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