⭐ Merited by JayJuanGee (1)
IMO some of this institutions and governments hadn't realised the potential of bitcoin or were very sceptical about what bitcoin would become even in the last 15yrs, some may have had it figured out when to buy but the mere fact that bigger players has not been into bitcoin investment they pretend not to see the benefits of entering into bitcoin investment.
Bitcoin has been used in almost all countries of the world, because in all countries where Bitcoin is illegal, of course Bitcoin is used secretly in those countries, because you see that in the country where I live, Bitcoin is illegal, but we are using this Bitcoin secretly.
And of course this will or may cost them alot in a long while as MSTR has a better vision of bitcoin. However delay (procrastination) is always an enemy to success and it doesn't just apply to individuals including institutions and governments.
And MicroStrategy company has purchased a total of 444262 Bitcoins and has been able to deposit around 0.5 million Bitcoins. MicroStrategy company is basically holding Bitcoin in the DCA method because their Bitcoin investment is the highest in November and December.
And I think that in December they will be able to deposit more Bitcoins and deposit around half a million Bitcoins, I believe they will sell each of these Bitcoins for $1 million, in which they have taken measures to hold Bitcoin for the long term. So you save the only long-term and correct plan implemented by MicroStrategy company.
I believe not. Haha. WHEN Bitcoin surges to a seven digit valuation per coin, why would Chad Saylor, you, me, ANYONE would sell such a valuable and an in-demand asset? Selling it would be very laughable.
Why?
Because we can actually use it as collateral to BORROW against our Bitcoin. It will be the most valuable collateral asset since Gold and Real Estate.
