Bitcoin Soars as Microstrategy Invests $155mn, halving a background fundamental too ...Middle East

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Bitcoin Soars as Microstrategy Invests $155mn, halving a background fundamental too
The surge in Bitcoin in the past 24 hours or so has been attributed to buying from Microstrategy.Adam had this info on Monday US time, but ICYMI:Bitcoin breaks the range to hit $53,000 for the first time since 2021More:Microstrategy bought around $155mn of BTCbought around 3000 BTC between February 15 and 25price was around 51813 USDthe firm (and subsidiaries) now holds around 193K BTCNow, all the above is merely an elaboration on the 'more buyers than sellers' explanation. Which the pedants hate, but price responds to demand and supply, and here we are.A more 'fundamental' reason is the impending halvening, which has backstopped BTC. I posted on this here, way back in 2023:Bitcoin, rising i

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