Michael Saylor says Bitcoin hitting $1 million is inevitable
--
Michael Saylor stated during a live broadcast on Middle Eastern television that it is inevitable for Bitcoin to reach $1 million, and the size of BTC will be 10 times larger than gold. (The Bitcoin Historian)
The current total market value of cryptocurrencies is 3.04 trillion US dollars, with a 24-hour evaporation of 80.716 billion US dollars, a decrease of 2.59%. Among them, Bitcoin accounts for 56.32% of the market value, while Ethereum accounts for 11.34% of the market value.
[The Federal Reserve's Overnight Reverse Repo Usage Rises to $10.361 Billion]
On Wednesday (December 17), the Federal Reserve's Overnight Reverse Repo Agreement (RRP) usage stood at $10.361 billion, compared to $1.554 billion on the previous trading day.
Hut 8, a listed Bitcoin mining company, signed a $7 billion data center transaction supported by Google, driving its stock price to soar in early Wednesday trading. (Decrypt)