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MicroStrategy Chairman Michael Saylor urges the U.S. to adopt Bitcoin as a reserve asset instead of gold. He believes this move could boost U.S. control over global capital. Saylor suggests the U.S. acquire 20–25% of Bitcoin at current prices.
The ending of this year is exactly as the start #BTC
— Bitcoin Embassy (@Bitcoin_XPromos) December 7, 2024
In 2025 the history is going repeat at 2X level 🚀 pic.twitter.com/OEgZRNavCV
He claims this shift could force rival nations like Russia and China to trade gold for BTC, redirecting capital flows to the U.S. He also predicts Bitcoin’s market cap could hit $100 trillion, signaling a strong bullish outlook. Reports suggest the Trump administration may form a crypto advisory council. This council would explore the potential of integrating Bitcoin into the U.S. reserve system, further supporting its growth prospects.
Key Bitcoin Levels To Watch – December 8
BTCUSD on the daily timeframe, showcasing bullish momentum. The price is trading above the SMA (9), signifying an upward trend, with support at $93500 holding firmly.
A break of structure (BOS) and subsequent retest at a discount zone confirm bullish intentions. Resistance at $100000 is key; a breakout could pave the way to $110000.
BTCUSD Key Levels
Resistance Levels: $100000, $110000, $115000
Support Levels: $90000, $73840, $53500
BTC/USD Metrics
Total Market Capitalisation: $3.66T
Bitcoin Market Capitalisation: $1.97T
Bitcoin Volume: $40.43B
Market Rank: #1
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