Chinese Miner Jiang Zhuoer Repurchases All Sold Bitcoin Amid Strong Buying Pressure

Jiang Zhuoer, founder of Chinese mining company $BTC.TOP, has reversed his recent decision to sell all his Bitcoin. In a statement, Jiang announced that he had repurchased all the Bitcoin he sold on the spot market after encountering obstacles due to the CLARITY Act.

The CLARITY Act was cited as one reason for selling by Jiang previously. However, he now expects strong buying pressure in the market to drive the price of Bitcoin higher, potentially reaching $80,000-$84,000.

Jiang's recent move represents a swift change in his outlook on Bitcoin, which he had previously sold at $77,226. At that time, he stated that he was prepared for a market downturn and could open a short position if necessary.