Nice U-turn, Micheal:
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From declaring Bitcoin a doomed asset to embracing it buying the 0.1% or the total supply. Better than being stubbornly wrong.
That's an interesting find. And yeah, it's a smart U-turn and it's kind of cool that he's had his eyes on bitcoin for that long. That makes me think he probably knows what he's doing.
MSTR's stock is up 1.26% as I write this, so it doesn't look like this huge bitcoin purchase triggered a shareholder revolt or anything of the like.
I'd be vary of such orgs coming into btc trading... Sorta defeats the purpose of it surviving as a currency and only as a trading mechanism; which is not what it should primarily be.
Well, companies usually keep some sort of cash reserve if they're able to. I don't see any problem with a corporation deciding to keep that reserve in the form of bitcoin instead of USD or some other cash equivalent. Nor do I see any threat to bitcoin's future as a currency by MSTR's actions.