Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
There is definitely a lack of Bitcoin or crypto-exposed equities on stock exchanges. I know of people who trade RIOT because of such exposure. If Bitcoin starts mooning, a lot of stock investors are going to have their eyes on MicroStrategy.
The scale of it is quite impressive. If this happens a few more times, I could see that generating some FOMO in the market.
When $1 million?
Bloody hell, they hold more BTC than grayscale after that buying spree.
The scale of it is quite impressive. If this happens a few more times, I could see that generating some FOMO in the market.
I hope people who own it right now manage to wrap their heads around the scale involved here. I see every day that they can't. If they don't recalibrate their perception someone will buy their BTC off them who does and benefit a whole lot more.
When $1 million?