Eric Trump and David Bailey Join Forces—Is Metaplanet Turning Bitcoin Into the Next WWE?

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If you thought Bitcoin’s ascent to nearly $95,400 was powered by mystical algorithms or perhaps an army of caffeinated Gen Z meme traders, think again. No, this week’s action has the flavor of something truly special: Tokyo-based Metaplanet, that loveable overachiever, found another new best friend for its Strategic Board. Enter David Bailey, CEO of BTC Inc, fresh off the pages of Bitcoin Magazine and—I imagine—his own motivational poster.

Adding Bailey, right after inviting Eric Trump in March (presumably to curate the board’s hair product recommendations), means Metaplanet’s boardroom now resembles the afterparty of a mid-tier cryptocon: a whirlwind of enthusiasm, dubious ties, and probably at least one PowerPoint rendered entirely in Comic Sans. Together, will they guide Bitcoin to glory—or just drive up the price of local sparkling water?

*Appointment of David Bailey to Strategic Board of Advisors*

— Metaplanet Inc. (@Metaplanet_JP) April 30, 2025

Metaplanet’s Power Moves (and Occasional Jazz Hands)

Gather round, children. Over the past year, Metaplanet has stockpiled 5,000 BTC—because paperweights are boring and their CEO needed a new hobby. Their strategy, from a distance, looks a bit like what MicroStrategy was doing, only with more sushi and less Michael Saylor impersonation.

Recruiting David Bailey is, of course, a “massive development”—at least according to anyone who’s ever used the phrase “thought leader” unironically. As the man who wrangles Bitcoin enthusiasts at the annual Bitcoin Conference, Bailey excels at moving narratives, organizing panels, and, presumably, surviving endless hotel coffee. He’s the guy you want if you need someone to nod sagely during a bull run.

And as Metaplanet keeps snatching up Bitcoin faster than my aunt discovering discounted Beanie Babies, everyone’s eyes are glued to the scoreboard:

BTC: $94,920
24h volatility: 0.0% (for now, because patience is overrated)
Market cap: $1.88T (that’s trillion with a “T,” darling)
Vol. 24h: $22.89B (or, roughly, the GDP of a small nation of procrastinators)

Metaplanet’s high-profile board increasingly looks like “The Avengers”—if The Avengers were heavily invested in digital assets and never actually left the conference room. Investors, naturally, are holding their breath (and their Ledgers). 🤞

Technical Analysis: Numbers, Lines, and Mild Existential Dread

Today’s charts suggest Bitcoin’s ready to keep going up—unless, of course, it doesn’t. Because that’s how charts work.

The RSI is showing a sassy little 66.79, just shy of the official overbought “danger Will Robinson” zone (that would be 70). This describes “strong bullish momentum” to people who pretend to understand what that means. Warning: may cause temporary outbreaks of optimism.

The MACD, meanwhile, is as bullish as an over-caffeinated motivational speaker. Everything’s above everything else; the histogram’s taller than my dreams of home ownership. Markets, so far, belong to the buyers. 🐂

BTC Daily Chart | Source: TradingView

Fibonacci Retracement Levels (yes, those again—did you think you’d escape them?) inform us that breaking above $95,409 leads to the mythical $100,000 resistance. This probably evokes either visions of glory or the urge to turn off Twitter for a month. Depends on your disposition and sodium intake.

If, on the other hand, Bitcoin fails to impress at these heights, brace for a poetic (read: dramatic) drop—maybe down to the $87,367 mark, or if things get “interesting,” $84,383. That’s where RSI and MACD may finally cough nervously and call for a timeout.

There you have it: high-octane appointments, colorful technicals, and more emotional turbulence than your last family vacation. Will Bitcoin soar or sulk? Tune in next week—or whenever the next press release comes out. 🕺

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2025-04-30 14:15