It's not just Square, and Microstrategy,
Their impact can both be positive, or negative. Being among the largest HODLers of Bitcoin, they should have the responsibility to help in the development of the Bitcoin economy, and in the aspect of Bitcoin education.
I agree with you.Their impact can both be positive, or negative. Being among the largest HODLers of Bitcoin, they should have the responsibility to help in the development of the Bitcoin economy, and in the aspect of Bitcoin education.
News from newsletters, articles, blogs, social media need to be verified quantitatively. If you don't play with figures and verify news you read, you only eat up words are written and manipulated by the others. It is root cause from which news are created for.
Do quantitatively research. You can not have capability to scrape data, run analyses but at least need to have intention to do this, then try to investigate.
There are two types of news readers:
- Read to get information and don't mind to verify correctness of news
- Read to get information, then verify it with their own investigation (with quantitative data) and withdraw their own conclusions
- Square: ~4709 BTC. Square, Inc. Bitcoin Investment Whitepape
- Micro Strategiy: 21454 BTC. MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset
- BTC's circulating supply: 18514906 BTC (coinmarketcap.com
- Total volume (24h): 2,164,762 BTC (coinmarketcap.com
. di 4709/18514906*100
.02543356
. di 21454/18514906*100
.1158742
. di 21454/2164762*100
.99105583
. di 4709/2164762*100
.21752969
In capital flow, those investments don't make any sense for bitcoin. Fortunately, with news spread widely by Internet, social media, and bitcoiners, they resulted in positively effects in mentality aspect. Then, in turn reflect on price (somewhat). It is good but when things are good, you need to look at it and be woke!
In opposite situation, if bad news are released with same amount of investments, hacks, etc. you should be calmed down because of very low proportions in terms of total daily volume, and circulating supply of bitcoin.
https://bitcointreasuries.org/