Today, in crypto, MicroStrategy’s Michael Saylor hints at another Bitocin purchase, the total market capitalization of the memecoin ecosystem dropped nearly 30% in December, shedding roughly $40 billion in the process, and Blockware delivers its Bitcoin price predictions for 2025.
Saylor hints at another Bitcoin acquisition
MicroStrategy co-founder Michael Saylor hinted the company would acquire more Bitcoin (BTC) by posting the chart from the SaylorTracker website to his followers on X.
The company recently completed the purchase of 5,200 Bitcoin, at an average price of approximately $106,000 per coin, and called a special shareholders meeting in December 2024 to discuss issuing more shares to finance the acquisition of BTC.
Source: Michael Saylor
More specifically, MicroStrategy wants to raise the limit of Class A common stock from 330 million shares to 10.3 billion shares.
Additionally, the company seeks to raise the number of preferred stock from 5 million shares to over 1 billion shares — drawing mixed reactions from the investment community.
Memecoins lose momentum as $40B lost in December
Memecoin’s overall market capitalization dropped by about 30% from its all-time high in December, showing a slowdown in momentum and demand for meme-based tokens.
CoinMarketCap data shows that on Dec. 1, the total market cap for memecoins was $120.14 billion. It went up to as high as $137.06 billion on Dec. 9 before plummeting to a low of $92.67 billion on Dec. 23. This marks a 32.38% decrease in market capitalization within the month.
Meme tokens’ overall market capitalization. Source: CoinMarketCap
At the time of writing, the overall market cap for memecoins is $98.72 billion, 18% lower than its performance at the start of the month.
Bitcoin may reach $150K or $400K in 2025, based on SBR and Fed rates — Blockware
Bitcoin’s price in 2025 could rise up to four times or, at worst, increase by 58%, depending on Donald Trump’s Strategic Bitcoin Reserve plan and Federal Reserve policies, says crypto mining firm Blockware Solutions.
The 2025 “bear case” for Bitcoin could push its price up around 58%, reaching $150,000 from its current price of $94,981, Blockware said in a Dec. 28 market forecast report viewed by Cointelegraph.
Blockware said that the $150,000 bear case target is a possibility if Donald Trump “does not follow through” on the Strategic Bitcoin Reserve — an outcome the industry is hopeful will happen early into his administration.
Blockware has three price points in mind for Bitcoin in 2025, depending on macroeconomic factors and broader BTC adoption rates. Source: Blockware
Meanwhile, Blockware said the bear case target is also a possibility if the Federal Reserve “further reverses course” on interest rate cuts, and long-term holders — those holding BTC for longer than 155 days — “aggressively” sell Bitcoin.
As a “base case,” $225,000 is Blockware’s target, assuming the US government turns its Bitcoin holdings into a Strategic Bitcoin Reserve, the Fed cuts interest rates as expected, and corporate adoption continues at its “current pace.
Blockware said that a $400,000 “bull case” Bitcoin price is possible if the three factors deliver the best outcomes.
