It does! Every time Microstrategy buys bitcoin, bitcoin gets dumped though the reversal should be the case. I don't get why bitcoin price drops when Saylor announces BTC purchase LOL.
It's the same as when CNBC and other news firms announces that someone "influential" says that the bull market is at hand and bitcoin is the best investment. LOL, those positive news are no longer impactful to the market and let the market work for it whenever the bulls back actually through the fundamentals that it gets and not being shown in the public by these news agencies.
Well, I guess this isn't something we should be happy at. They are trying to get the big piece of the cake; isn't it going to make him influence the BTC price significantly? I guess yes, that's what going to happen in the near future.
That's a good realization on this one. While we think that it's good that a big firm buys a lot of bitcoins and holds it as their asset. There will be lesser supply that's available for most of us although it's really expensive and many can't afford to buy it so, they're the one that's taking these cheap bitcoins before the huge bull run that we're all anticipating.