Saylor's Bitcoin Strategy Sparks Bullish Outlook for Cryptocurrency

Saylor’s Bitcoin Strategy Sparks Bullish Outlook for Cryptocurrency

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Azeez Mustapha

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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.

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

Saylor's Bitcoin Strategy Sparks Bullish Outlook for Cryptocurrency

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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