- LUNA plan to buy $10 billion in BTC.
- BTC trades above $40k.
- CZ says we are still in the early days of crypto.
The crypto space continues to experience wild volatility due to many global factors that are happening right now. Currently, the whole market cap of the crypto space amounts to over $2 trillion. This amount is $1 trillion lower than the total market cap of the space in November 2021.
However, some investors in the space take this market dip as an opportunity to bag as many crypto assets as they can. Recently, the Co-founder of LUNA, Do Kwon announced the network plans to buy $10 billion in BTC. Indeed, BTC is facing mass adoption of tokens soon.
This made Bitcoin enthusiast Bitcoin Archive react in a tweet:
MicroStrategy bought ~$3.5b #Bitcoin in total since it’s first purchase 19 months ago.
Now Terra announced plans to buy $10b #bitcoin
It’s only getting bigger from here.
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) March 23, 2022
The tweet stated things about the giant firms that embrace the technology of Bitcoin. “MicroStrategy bought ~$3.5b #Bitcoin in total since its first purchase 19 months ago. Now Terra announced plans to buy $10b #bitcoin. It’s only getting bigger from here. 21m Forever!”
The tweet has already been shared over 1,000 times with more than 7,000 likes that continues to increase over time.
Furthermore, the tweet also gathered different thoughts and opinions across the crypto Twitter community. Some are excited and some have different opinions such as being too late to buy Bitcoin.
Binance CEO CZ also shared the same feeling about being already late in buying BTC, he tweeted.
It always feels like “I am late” in crypto. But we are still in the early days.
— CZ 🔶 Binance (@cz_binance) March 24, 2022
At the time of writing, BTC trades above $40k with a huge market cap of more than $800 billion. On the other hand, LUNA, trades below $100 but still maintains its position as one of the top 10 cryptos in the market.