Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Much less than expected!
Pocket money investment for MSTR!
Pocket money investment for MSTR!
Indeed! But we can't take nothing away from Chad Saylor. He started something sort of new by making his company pivot from a software vendor to a "Bitcoin pseudo-ETF". From that, he fundamentally showed the blueprint for how a company come back from dying.
Zoom out MSTR's chart to the maximum. When was the last time it surged to a new all time high? I'm absolutely sure Chad Saylor couldn't do it without Bitcoin.
Michael Saylor predicts BlackRock's spot Bitcoin ETF "is destined" to be the #1 ETF this year
https://x.com/BitcoinMagazine/status/1937156694947352930?t=aPiqdAQL8d4NUKq-a_BJFw&s=19
But if it doesn't happen this year, it's a long-term winner! It merely needs time, and look at how far Bitcoin has been in its journey.
I believe that during the last cycle if someone posted that more nation-states and more companies from the legacy economy would adopt Bitcoin as a "Reserve", whether it's a "Strategic Reserve" or a Store Of Value, the majority of the readers would be laughing silently at you.