Post
Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
kingmanbs
on 17/03/2024, 06:27:13 UTC
This is good news for many people in the world who are not familiar with Bitcoin.  Microstrategy bought 250 million bitcoins and held them for a long time.  This they do a lot of intelligence work.  When he sees that the next time it goes viral, his market price goes up a lot, he sells at a higher price in the market, then he spends more bitcoins to buy so that he can sell at a higher price later on.