There are very few projects which provide unique solutions and features. Bitcoin is considered to be one of them. Michael Saylor is one of the accumulators and onlookers are scared to the extent that they say, “If you’d keep on acquiring more and more Bitcoins, then you’d either go bankrupt one day or you’d be moving the entire market, which would kill the ultimate use case of Bitcoin.”
On February 01, 2022, Michael Saylor shared: MicroStrategy has purchased an additional 660 bitcoins for 25.0 million dollars in cash at an average price of 37,865 dollars per bitcoin. As of 1/31/22, we hold 125,051 bitcoins acquired for 3.78 billion dollars at an average price of 30,200 dollars per bitcoin.
Community Response: His mouth buys hands sell.
There are some investors who believe that it is not practical for little guys to follow the whales as they have a different set of investing principles. They have to state that Beggars can’t be choosers.
However, those who follow whales have to state it is important to understand the game and make the most of what you can. Whales are the ones that are providing the little guy with profits. “Get with the program man. No whales no profits. If you haven’t worked that out yet then you’re in the wrong game.”
Those who were willing to sell to Saylor were like: You can just tell that in some days we will hear post-facto that MicroStrategy bought BTFD bitcoin yet again with some extra cash or credit or share sales. Maybe useful context to muse on for those selling Saylor their coins sub 50k dollars.
About MicroStrategy & Michael Saylor never stop stacking: Y’all should be worried if you’re not stacking Bitcoin. Michael knows the Fiat system is crumbling on a bad foundation, while the Bitcoin foundation couldn’t be stronger for your stable future.
He buys over the counter. It only affects the price indirectly. This is what most large buyers do, and this is why the price action right now does not matter at all and does not reflect the truth. Bitcoin is inevitable.
Some of them are like: What’s their end game I wonder – owning all bitcoins? Wouldn’t that make them worthless?” The practical reply is: Not possible to own them all, literally. But having a massive reserve puts them in a significant position. It’s no different than holding tens of billions of USD, except that BTC is not subject to inflation. That is really what their strategy is. Saylor mentions it in talks.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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