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Key takeaways from MicroStrategy's bullish takeover of Bitcoin


MicroStrategy has acquired more Bitcoin than most companies in its field. The American software company, which is now famous for buying more than $ 400 million worth of Bitcoin with its balance sheet, saw a 9% increase in assets shortly after adding more Bitcoins to its vault.

MicroStrategy is one of the few technology companies in the United States and in the world in general, where digital currencies like Bitcoin are being bought in large quantities, this not only makes the company stand out from its counterparts but also the brand as one of the most forward thinking and forward thinking tech companies. There are many key takeaways from MicroStrategy's recent bullish Bitcoin buy for both traders and investors and other traditional technology companies. The most obvious key point is the speed at which the company buys Bitcoin. It's a direct emphasis on the fact that Bitcoin will somehow shape the future of finance.

MicroStrategy CEO Michael Saylor hadn't always been bullish on Bitcoin. Like many founders of traditional technology, Saylor saw Bitcoin as a temporary bubble that would soon collapse. It was in 2013 that these comments were made, seven years later, the CEO explains that he did not recall making such tweets until the Twitter Cryptocurrency community reminded him.

In the space of 7 years, Bitcoin has grown by leaps and bounds and Saylor is more optimistic than ever. But this inflection point was not a "try your luck" business move for the company, but rather a strategic business decision that is presented as the most reliable option according to the CEO. This leads to the second key point: acquisition for the sole purpose of storing value.

Speaking on the Pomp podcast with Morgan Creek Digital co-founder Anthony Pompliano, Saylor revealed that the MicroStrategy executive board intended to wait a bit longer and only make the purchase of Bitcoin during rainy days, but Saylor is convinced. that large-scale investors are not following the same path as intraday traders.

As we have seen time and again, large-scale investors who acquire Bitcoin do so regardless of market trends. Because these institutions are buying BTC in large quantities, Saylor claims that the presence of institutional investors could boost Bitcoin's stability and further help reduce volatility.

As a safe haven against inflation, Bitcoin is well on its way. Research by MicroStrategy reveals that Bitcoin has a 92% dominance in the store of value business, putting Bitcoin well ahead of gold.

With Microstrategy going all out, it speculate that the crypto community could be welcoming more publicly traded companies. It is clear that next year will be a highly optimistic year for Bitcoin, not because of a possible price break, but also because it could be the year that Bitcoin welcomes a significant number of key players in the traditional technology industry. (end).

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