Bitcoin Nears $100K: Investment Dilemma Amid Potential Correction

Bitcoin is nearing the $100,000 mark, with recent highs just shy of this milestone, as investor interest grows and options on U.S. exchange-traded funds boost sentiment. Michael Saylor, co-founder of MicroStrategy, highlighted the proximity to this psychological barrier. Meanwhile, MicroStrategy is accelerating its Bitcoin purchases, increasing its convertible notes offering to fund further acquisitions, aiming to raise $42 billion over three years. The company has become the largest institutional holder of Bitcoin, with 331,200 BTC acquired at a cost of $16.5 billion.