Today, Bitcoin is making bullish moves thanks to Eric Trump's support and future optimism amidst increasing global adoption.
Bitcoin Surges Above $98,000
At the moment of writing this article, BTC is trading above $98,000, up by 0.3% in the past 24 hours. The digital asset recorded a surge from $96,000 levels earlier today, aided by Eric Trump's support via X. Earlier today, Eric Trump shared a post via his X account, suggesting that now feels like a great time to enter BTC, also tagging the Trump family crypto project World Liberty Financial.
Bitcoin Surrounded by Optimism
Bitcoin is surrounded by huge optimism at the beginning of 2025, mostly stemming from growing global adoption. It was reported yesterday that BlackRock is preparing to launch an ETP tied to Bitcoin in Europe, its first crypto fund outside North America, after the significant success of the company's BTC ETF, IBIT. Bitcoin adoption has been a successful strategy not only for BlackRock's crypto product and other ETFs in the US but also for MicroStrategy. Michael Saylor announced the company has been rebranded to Strategy₿, stating: 'New brand, same strategy.'
Strategy₿ Outperformed Major Assets
The company has been continually buying Bitcoin since August 10, 2020, leading it to outperform all major assets and S&P 500 stocks. A new report published on February 4, 2025, showed MSTR up by 2,718% since August 10, 2020, significantly surpassing key assets and indices and big tech stocks. The company also announced an annual BTC $ Gain target of $10 billion for 2025, meaning more significant upcoming investments in BTC.
Eric Trump's support, MicroStrategy's rebranding, and overall optimism around Bitcoin are acting as catalysts for its growth, likely playing a key role in establishing new price highs in the cryptocurrency market.
