Wow Bitcoin $60k now! Up $9k in the past 48 hours lol, that's insane. And less than $9k to go to the ATH.
MicroStrategy bitcoin holdings up over $11.5 billion now. As we all knew, and everyone outside the bitcoin community mocked and derided, Saylor's strategy of putting his company on a bitcoin standard and DCA'ing consistently is incredibly successful.
Elon yeah he's kind of an idiot outside of being an entrepreneur. He promotes a useless meme coin, while buying Bitcoin with Tesla only to dump it fairly quickly. Tesla still has I think like a fifth of what they bought 3 year ago, while they should have held on to everything they bought and picked up more during the bear market (if Musk was smart). He also bought Twitter on an pure ego trip only to immediately crater it with his hairbrained ideas. He's also a right wing conspiracy nut when it comes to politics/culture now. When it comes to cryptocurrencies he's nothing more than an altcoin shill. Outside of the realm of entrepreneurship the guy isn't very bright. He's kind of a joke/disgrace these days, just a very rich one.
Anyway back to price action....up $9k in 48 hours, I gotta think we're gonna see a solid pullback in March. I'd expect a trip back down to low $50,000s at some point in March. Maybe then going for the ATH in April around the time of the halving.
I wouldn't call him a nut because, what has he said that is nutty? Using conspiracy nut is just a way to discredit him without any hard facts. I actually agree with his thoughts and conspiracies as they make logical sense. I'm sure you will not be able to tell me what you consider nutty or conspiracy about his thoughts. You probably just don't agree with him having conservative views or questioning your liberal world views, so that is why you don't like him.
That being said, I think he was a nut for selling all his Tesla bitcoin at the time and not buying any back, although his reasoning I believe was that he went through bad market declines in the past and did not want to go though it again with little money, so he sold his Tesla bitcoin at what he paid for it, for safety reasons, to make it through a recession.
He isn't stupid, he has probably purchased a lot of it towards the lows and has not told anyone about it.