$LUNA managed to reach a new all-time high of $117 earlier today
, Terra intends to increase its Bitcoin stash to up $10 billion, aspiring to become the biggest single-wallet holder of the largest cryptocurrency.
Kwon told cryptocurrency podcaster Laura Shin earlier this week that he expects the price of Bitcoin to shoot up in the future. In such a case, UST will continue maintaining its stability even if demand starts waning. However, he didn’t rule out a worst-case scenario, in which the price of Bitcoin trades significantly lower six months from now.
is struggling to regain its bullish momentum. The flagship cryptocurrency is currently changing hands slightly above the $46,000 level on major spot exchanges.
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