Bitcoin Could Rally To $9,500 – Microsoft Could Trigger A Further Surge

The whole crypto space was in shock a few days ago when BTC witnessed a parabolic run that sent the coin above more psychological levels.

Now, BTC is trading in the green on CoinMarketCap, and the most important digital asset in the crypto space is priced at $8,077.19.

Experts have been saying that if the parabolic bull run continues and BTC will also be able to hit the $10k level, then we’ll be looking at FOMO unleased and a lot of institutional money pouring into the crypto space.

BTC is reportedly undervalued

Ethereum World News notes that at the moment BTC is undervalued and they point Microsoft as an important reason for their claim.

They wrote that Microsoft has announced that it’s creating a Decentralized Identity network (DID) using the Bitcoin (BTC) blockchain.

Using the blockchain based DID, Microsoft plans to let go of its software users login credentials. In other words, Microsoft users will be able to finally enjoy the full control of their identity.

Microsoft, about the innovation

Here’s what Microsoft said about this innovation:

“We believe every person needs a decentralized, digital identity they own and control, backed by self-owned identifiers that enable secure, privacy-preserving interactions. This self-owned identity must seamlessly integrate into their lives and put them at the center of everything they do in the digital world.”

Following the announcement, BTC bulls pointed out that BTC is definitely undervalued at $8,000. Here’s Ran NeuNer’s tweet:

BTC to head to $9,500?

Bitcoinist online publication addressed the parabolic run of BTC.

They write that if BTC is able to return to $8,200, it’s only natural to assume that the bulls will be making it even beyond and up to $9,500.

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