Bitcoin Could Hit ₹99 Lakh if Oil Price Trend Continues: Crypto Market Update

Bitcoin’s Potential Surge: Oil Price Correlation

Could Bitcoin be on the verge of a massive rally? Some analysts are suggesting a possible price target of $119,000 (approximately ₹99 Lakh) if current oil price patterns persist. The correlation between traditional markets and cryptocurrency continues to be a topic of intense debate and analysis among Indian investors.

Institutional Investment in Ethereum: SharpLink’s Massive Acquisition

In a significant move highlighting growing institutional interest in Ethereum, SharpLink Gaming has reportedly acquired $463 million (approximately ₹3,860 Crore) worth of Ether (ETH). This substantial investment signals increased confidence in Ethereum’s long-term potential within the global digital asset landscape. Such investments are closely watched by Indian crypto enthusiasts seeking signals of market maturity.

Anthony Pompliano Eyes ₹6,250 Crore Bitcoin Buying Vehicle

ProCapBTC to Raise Significant Capital

Prominent cryptocurrency entrepreneur Anthony Pompliano is reportedly in discussions to launch a new Bitcoin-buying initiative. His venture, potentially named ProCapBTC, aims to raise $750 million (approximately ₹6,250 Crore). Pompliano is expected to take the helm as CEO.

Merger with Columbus Circle Capital 1

ProCapBTC is reportedly looking at merging with Columbus Circle Capital 1, a publicly traded blank check vehicle. The Financial Times suggests that under Pompliano’s leadership, pending ongoing discussions, the company could raise $500 million in equity and $250 million in convertible debt in partnership with Cohen & Company investment bank. Indian investors are carefully monitoring fund formation efforts as indicators of wider market sentiment.