Will Bitcoin tap $119K if oil holds? SharpLink buys $463M ETH: Hodler’s Digest, June 8 – 14

Bitcoin Price Prediction: ₹99 Lakh on the Horizon?

The cryptocurrency market is buzzing with anticipation as a prominent trader suggests that Bitcoin (BTC) could potentially reach $119,000 (approximately ₹99 Lakh) if current oil price patterns persist. This bold prediction has sparked renewed interest among Indian investors eager to capitalize on the potential for substantial gains.

₹6250 Crore Bitcoin Fund in the Works?

Adding further fuel to the fire, cryptocurrency entrepreneur Anthony Pompliano is reportedly exploring the launch of a new Bitcoin-buying vehicle aiming to raise a staggering $750 million (approximately ₹6250 Crore). This initiative underscores the growing institutional interest in Bitcoin and its potential to reshape the financial landscape.

Pompliano is expected to lead ProCapBTC, a special purpose acquisition company (SPAC), in a merger with Columbus Circle Capital 1. The aim is to raise $500 million in equity and $250 million in convertible debt, demonstrating a strong commitment to expanding Bitcoin’s reach.

SharpLink Gaming Makes Massive Ether Investment

In other news, SharpLink Gaming has made waves in the crypto world with its acquisition of $463 million (approximately ₹3800 Crore) worth of Ether (ETH). This significant investment signals increasing diversification into other major cryptocurrencies and reinforces the belief in the long-term potential of the digital asset market.

This move highlights how major companies are starting to take digital assets seriously as part of a new investment strategy, potentially opening new doors for the blockchain tech sector in India.