#BTC
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Michael Saylor: The Maverick Billionaire and Bitcoin Enthusiast
Michael Saylor's net worth stands at $1.2 billion. His X account is a testament to his dedication to Bitcoin. His followers are abuzz with the fervor with which this billionaire embraces BTC, speculating on how Saylor continually navigates the highs and lows of his fortune. 
Amid the evolving crypto landscape, one prediction stands out: Davis Hui from Caanan foresees BTC's price potentially skyrocketing to $100,000 by 2024. This bullish forecast is rooted in upcoming events like the bitcoin halving, set to diminish the BTC issuance rate by halving miner rewards.
Compounding this optimistic view is the undeniable attention from financial powerhouses, with BlackRock, boasting $10 trillion in assets, as a prime example.
For Hui, it's this mix of major institutional influx and a shrinking bitcoin supply that suggests a bullish future for BTC. 
FTX's portfolio liquidation is unlikely to shake the market significantly, as noted by Coinbase in their latest weekly report.
They cited multiple reasons supporting this claim.
1. Weekly Sell Limits: Initially, liquidations are capped at $50 million per week for digital assets. This limit will gradually increase to $100 million in subsequent weeks. Any permanent increase to a maximum limit of $200 million requires approval from two committees representing FTX debtors.
2. Insider-Affiliated Tokens: Stricter controls govern the sale of “insider-affiliated” tokens, necessitating a 10-day advance notice to the same committees.
3. Locked Holdings: A significant portion of FTX’s SOL holdings, along with some other tokens, are locked until approximately 2025 due to token vesting schedules, limiting their availability for sale.
4. Hedging Measures: FTX has the option to hedge its sales of BTC, ETH, and other debtor-identified assets through an investment advisor, contingent on prior committee approval. These precautions ensure a measured and controlled approach to asset liquidation. Lightning Network and BTC: The Future of Global Payments
While the world remains engrossed with Bitcoin's market rallies, David Marcus and the team at LightSpark are looking at the bigger picture. Their ambitious endeavor to turn BTC into a global payment network could reshape our views on money, borders, and financial inclusivity. 
