Saylor's New Bitcoin (BTC) Strategy Might Be Just What the Market Needs to Break Out of Range

The crypto market has seen huge updates less than one week into August. Saylor has announced a change to MicroStrategy’s Bitcoin (BTC) plans, Polygon (MATIC) dropped due to scaling disappointment, and Rollblock (RBLK) has received a year-end estimate upgrade to x100 growth.

Bitcoin (BTC) price continued to lead the market lower in the second week of August with a drop of over 20%. This trend continues months of range-bound trading for the Bitcoin price between $60,000 and $70,000.

However, after the current crash, Bitcoin might finally be exiting this range thanks to plans by MicroStrategy to increase its Bitcoin holdings.

MicroStrategy filed with the SEC to sell $2 billion worth of its shares, with the proceeds to be used to increase the rate of Bitcoin purchases.

This strategy will allow MicroStrategy to quickly increase its Bitcoin holdings, which currently stand at 129,218 BTC. The company also plans to use a portion of the proceeds to pay down debt.

Saylor’s strategy might be just what Bitcoin needs to break out of this range and begin a new bull cycle, which could see BTC price reach new all-time highs.

After months of anticipation, the SEC finally approved the launch of Bitcoin futures ETFs, which were met with record demand on the first day of trading. However, this demand quickly fizzled out, and now crypto investors are wondering what went wrong.

One possible explanation is that the SEC’s approval of a spot Bitcoin ETF is still pending, and many investors are holding out for this product. Another possibility is that the high expense ratios of the Bitcoin futures ETFs are discouraging some investors.

Whatever the reason, the lack of demand for Bitcoin futures ETFs is having a negative impact on the prices of Layer 2 blockchain tokens, such as MATIC. These tokens surged in anticipation that the ETFs would lead to huge demand for scaling on the blockchain.

Not only did this demand fail to appear, but Ethereum has also introduced a set of upgrades with native scaling solutions that threaten to make Layer 2 protocols obsolete. As a result, many Polygon investors are jumping ship.

One of the biggest stories in crypto right now is what the top altcoin, Rollblock, is doing to the $450 billion global gambling industry.

Boring games, cumbersome background checks, slow transactions, shady odds and every other feature of old online gambling are gone, and the new crypto casino that Rollblock has pioneered is in.

Crypto brings a range of new features to online gambling that revolutionize the experience. These include better security, immutable bets and the removal of KYC checks.

Rollblock’s most famous feature is its innovative profit-sharing model. Each day, using the casino's revenues, Rollblock buys its own RBLK tokens off the market. Half of these tokens are burned to keep RBLK deflationary, and the other half is awarded to players who stake on the platform at a 30% APY.

Rollblock is also known for its social media presence and regular events, which together bring the fun and community of crypto to the typically stale and lonely online casino model. Players feel like they are in a real-life casino, winning and enjoying life alongside like-minded people.

All this positive momentum for Rollblock has analysts expecting insane growth through 2024 and beyond. Rollblock is expected to explode out of its incoming ICO and grow 100x or more before 2024 is out.

Rollblock is currently in the 5th stage of its presale. RBLK can be bought for the steal of a price of $0.02, though is expected to rally soon with stage four of the presale sold out.