Bitcoin24h $93,142.44+0.74%

Ethereum24h $3,448.27+3.43%

Solana24h $233.76+2.25%

BNB24h $621.03-0.13%

XRP24h $1.42+6.03%

Dogecoin24h $0.3873+2.50%

Cardano24h $0.9961+9.81%

Avalanche24h $42.93+5.52%

TRON24h $0.1997+5.44%

Toncoin24h $6.19+6.09%

MicroStrategy bulls think Michael Saylor can pump it to 10X its BTC

Irresponsibly Long MSTR members think that Michael Saylor will discover “genius ways” to financialize MicroStrategy’s bitcoin holdings.

Michael Saylor buys 55,500 more BTC, average price nears $57,000

In the 1980s, a single family manipulated the price of silver. Critics think that situation is similar to MicroStrategy and bitcoin.

Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.

Peter McCormack looks set to pocket $20,000 thanks to a bitcoin bet made on “pussy terms” with Simplify Asset Management’s Michael Green.

MicroStrategy started 2023 with a market capitalization of just $1.8 billion. Today, this figure sits at $111 billion.