The Daily: Strategy’s Saylor predicts bitcoin will ‘double or triple’ S&P returns, BitMine buys $84M in ETH as Tom Lee flags an ‘attractive’ entry point, and more

In today’s market roundup, Michael Saylor, Executive Chairman of MicroStrategy, has once again voiced his unwavering bullishness on Bitcoin, predicting that the premier digital asset will ‘double or triple’ the annual returns of the S&P 500 index in the coming years. Saylor’s comments emphasize his view of Bitcoin as a superior store of value compared to traditional equity markets. On the institutional front, BitMine has made a significant splash by purchasing $84 million worth of Ethereum, marking one of the largest corporate ETH acquisitions of the quarter and signaling strong confidence in the upcoming network upgrades. Furthermore, Fundstrat’s Tom Lee has identified the current market dip as an ‘attractive’ entry point for long-term investors, suggesting that the macro environment is stabilizing for a year-end rally. Other news includes a surge in trading volume across decentralized exchanges and a tightening of crypto regulations in several emerging markets, making it a pivotal day for the global digital asset ecosystem.

Source: The Daily: Strategy’s Saylor predicts bitcoin will ‘double or triple’ S&P returns, BitMine buys $84M in ETH as Tom Lee flags an ‘attractive’ entry point, and more