Post
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Board Bitcoin Discussion
Merits 1 from 1 user
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Microstrategy Acquires 14,620 Bitcoin, Don't get carried away.
by
ColdLava40
on 28/12/2023, 06:08:03 UTC
⭐ Merited by fillippone (1)
As of 26 December, while others were celebrating Christmas with various activities, s/amp.fxempire.com/en/crypto-news-today-microstrategy-buys-more-btc-before-spot-etf-approvals/1398754]Microstrategy were celebrating theirs with further addition of 14,620 Bitcoin which worth $615M. Since their start in August 2020, Microstrategy has bought a total of 189,150 BTC. It's certainly uncertain if Michael Saylor is slowing down soon, given his understanding of the importance of long term investment in Bitcoin. Microstrategy's current Bitcoin accumulation worth over $5B, which guarantees a very good profit in the next Bull market and beyond.

Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.

What do you think?