Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
MSTR CEO Michael Saylor has been selling his company shares and constantly buying Bitcoin, mainly to expand his reach. If the majority of Bitcoin comes under private ownership, then the control system of Bitcoin will depend on private ownership, which will allow market manipulation to be controlled at will.
What? Bitcoin is under private ownership since inception, or is the bitcoin you have, assuming you have it, not in private hands?
If the issue of doing statistics in terms of three-month profit returns is long-term, then MSTR is definitely number one. However, MSTR will fail only when an alternative currency to Bitcoin enters the market, and even if there is a major crash in the market, only then will MSTR suffer a major collapse. Solana or Ethereum will have to take over the Bitcoin market. But that is not possible in reality.
What? I think you need to take a shower like our other friend here.
Since I knew someone was going to come out with those, here is the other graph from 2020.
The possibility of shitcoins taking over bitcoin is not even worth commenting on.