Michael Saylor, founder of Strategy, formerly MicroStrategy, has once again reiterated that now is the time to buy Bitcoin. Michael Saylor, whose company is the largest corporate holder of Bitcoin (BTC), made the statement as the latest Bitcoin rally sent…

Buying Bitcoin at all-time high still makes sense: Saylor

Bitcoin price started a fresh increase and traded to a new all-time high above 
the $109,000 zone. BTC is now consolidating and might aim for an increase 
toward $112,000 Bitcoin started a fresh upward move from the $106,000 zone. 
The price is trading above $107,000 and the 100 hourly Simple moving average. 
There is a key bullish trend line forming with support at $107,800 on the 
hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain 
bullish momentum if it clears the $110,850 resistance. Bitcoin Price Sets New 
ATH Bitcoin price started a fresh increase from the $104,200 support zone. BTC 
formed a base and was able to clear the $106,000 resistance zone. The bulls 
pushed the price above $107,500. The bulls even pumped the price above the 
$109,000 resistance zone. The price traded to a new all-time high near 
$110,698 and is currently consolidating gains above the 23.6% Fib retracement 
level of the upward move from the $104,270 swing low to the $110,698 high. 
Bitcoin is now trading above $108,000 and the 100 hourly Simple moving 
average. There is also a key bullish trend line forming with support at 
$107,800 on the hourly chart of the BTC/USD pair. On the upside, immediate 
resistance is near the $110,850 level. The first key resistance is near the 
$112,000 level. The next key resistance could be $112,500. A close above the 
$112,500 resistance might send the price further higher. In the stated case, 
the price could rise and test the $113,800 resistance level. Any more gains 
might send the price toward the $115,000 level. Are Dips Limited In BTC? If 
Bitcoin fails to rise above the $112,000 resistance zone, it could start 
another correction. Immediate support on the downside is near the $109,000 
level. The first major support is near the $107,500 level, the trend line, and 
the 50% Fib retracement level of the upward move from the $104,270 swing low 
to the $110,698 high. The next support is now near the $106,500 zone. Any more 
losses might send the price toward the $105,000 support in the near term. The 
main support sits at $104,200, below which BTC might gain bearish momentum. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now above the 50 level. Major Support Levels – $109,000, followed by $107,500. 
Major Resistance Levels – $110,850 and $112,000.

Bitcoin Price Blasts to New All-Time High — Bulls Take the Lead

Hong Kong just turbocharged its digital finance ambitions, locking in a game- 
changing stablecoin law that mandates licenses, enforces full compliance, and 
ignites the city’s crypto leadership. Hong Kong Enacts Licensing Law for 
Stablecoin Issuers, Ushering in New Era for Crypto Assets The Hong Kong 
Monetary Authority (HKMA) announced on May 21 that the Legislative Council […]

Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance

Bitcoin&#8217;s surge highlights the growing institutional trust and potential for 
significant economic shifts as major entities reap substantial gains.
The post Strategy&#8217;s Bitcoin bet sees over $23B in gains as BTC tops record 
$110K appeared first on Crypto Briefing.

Strategy’s Bitcoin bet sees over $23B in gains as BTC tops record $110K

Bitcoin surged past $110,000 on Wednesday evening, setting a new all-time high 
as crypto rallied hard. The previous peak for Bitcoin (BTC), reached during 
President Donald Trump’s inauguration in January, was surpassed in late 
morning trading, according to crypto.news data.…

Why did Bitcoin just hit an all-time high?

Japan’s government-bond complex, once the benchmark for low-yield stability, 
is cracking under the weight of its own arithmetic—and the fissures are 
sending tremors straight into the global debate about Bitcoin as a reserve 
asset. Thirty-year Japanese Government Bond (JGB) yields catapulted to 3.15% 
this week, eclipsing every prior high since the tenor’s 1999 debut. That print 
triggered an instant warning from the markets newsletter The Kobeissi Letter: 
“Japan’s bond market is imploding… Japan&#8217;s 30Y Government Bond Yield has 
officially surged to its highest level in history, at 3.15%. For decades, 
Japan was known for low long-term interest rates. Now they are dealing with 
high inflation, shifting policy outlook, and a whopping 260% Debt-to-GDP 
ratio.” Liquidity, always fragile at the long end of Tokyo’s curve, vanished 
just hours later. From New York, Zerohedge relayed traders’ disbelief: “This 
is unbelievable: for the second day in a row, Japan&#8217;s bond market is bidless, 
with both 30Y and 40Y JGB yields at record highs. Meanwhile, as the world&#8217;s 
2nd biggest bond market is imploding, the BOJ is pretending nothing is 
happening.” Related Reading: Bitcoin Macro Trend Oscillator Shows When To 
Expect The Price Top Inside the Diet, Prime Minister Shigeru Ishiba delivered 
a stark political gloss: Japan’s fiscal plight, he conceded, is now “worse 
than Greece,” a phrase that would have been unthinkable during the 
deflationary 2010s. That assessment lands just as gross public debt pushes 
toward 260% of GDP and as Japanese investors—who still hold roughly $1.1 
trillion of US Treasuries—contemplate selling overseas paper to shore up 
domestic books. Why This Is Ultra-Bullish For Bitcoin For Bitcoin analysts, 
the chain of causality is brutally clear. Pseudonymous macro voice Stack 
Hodler wrote to his followers: “Everyone expects Yield Curve Control. But 
Japan already tried YCC and look at what it got them—a spectacular bond-market 
implosion happening right in front of us. Now every Japanese bank, pension 
fund, and insurance company that trusted the Bank of Japan is holding a 
massive bag of flaming excrement… If this is the end result of YCC, why would 
any rational investor hold sovereign debt from severely indebted nations? 
Central-bank credibility is shattering in real time. Scarce neutral reserve 
assets—Bitcoin and gold—need to be repriced dramatically higher.” Dan Tapiero, 
founder of the $3.9 billion digital-asset vehicle 10T Holdings, reached much 
the same conclusion in fewer words: “Quietly…and off the radar…the Japanese 
long-bond yields are going parabolic. Time to watch Japan…Unsustainable 
deficits have been the norm for 30 yrs…Now a problem. Very bullish gold and 
Bitcoin.” The systemic-risk argument tightens further when one zooms out to 
the global balance sheet. Author Bruce Florian frames the macro math as 
musical chairs with a finite number of safe havens: “There are three times 
more debts than GDP, and interest rates are twice as high as economic growth… 
It’s like a game of musical chairs. Related Reading: Bitcoin’s Fate May Be 
Sealed On June 9, Analyst Warns Everyone knows there are fewer chairs than 
players.” Florian highlights the feedback loop linking Tokyo and Washington: 
“The biggest buyer of US debt has been Japan… But this customer is now in 
financial trouble… There’s a high chance Japan will sell some of these bonds 
to stabilize its own situation… In a year when the USA needs to refinance $8 
trillion, what happens if no buyers show up? The Fed will monetize the debt.” 
The punch line, he insists, is Bitcoin: “Bitcoin is shifting from a ‘nice-to- 
have’ asset to a must-have asset… In a world of unlimited debt, scarcity is 
the most radical form of reason.” Wall Street heavyweights are edging toward 
the same territory. JPMorgan’s Jamie Dimon told investors on Monday, “I’m not 
a buyer of bonds. The risks are too high.” Ray Dalio wrote that the greater 
default risk now lies in “currency debasement,” not in missed coupons. And 
Larry Fink, whose firm’s spot-Bitcoin ETF has absorbed more than $31 billion 
since January, said on Fox Business that Bitcoin is “an international asset” 
fit for times when “countries devalue their currencies.” BTC Price Responds 
Bitcoin’s price action is responding in real time. BTC rose to $107,322 at 
press time, less than 4% shy of its halving-cycle high. None of this proves 
that Bitcoin is destined to replace sovereign debt, but the directional shift 
in marginal flows is no longer hypothetical. When the second-largest bond 
market on earth shows two consecutive bidless sessions and its prime minister 
compares the country to Greece, capital chases the assets whose supply cannot 
be printed. Bitcoin, engineered for hard-cap scarcity, slots neatly into that 
vacuum. Whether this is the moment sovereign debt loses the mantle of “risk- 
free” remains to be seen. What is indisputable is that the implosion of 
Japan’s ultra-long JGBs has handed Bitcoin its clearest macro tail-wind since 
2020’s pandemic-era liquidity flood—except this time the narrative is not 
emergency stimulus but the dawning realization that even advanced nations are 
running out of balance-sheet room. For a growing cohort of investors, the word 
bond is beginning to rhyme less with safety and more with risk, while Bitcoin 
is rhyming—loudly—with insurance. Featured image created with DALL.E, chart 
from TradingView.com