Bitcoin24h $96,490.04-2.18%

Ethereum24h $3,356.51-3.71%

XRP24h $2.25-3.52%

BNB24h $663.10-2.90%

Solana24h $184.42-6.26%

Dogecoin24h $0.3163-6.87%

Cardano24h $0.9006-6.79%

TRON24h $0.2469-2.06%

Avalanche24h $38.01-7.70%

Chainlink24h $22.28-7.41%

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.

Andrew Left tweeted negatively about MicroStrategy 13 minutes into Thursday’s trading session. Within 90 minutes, the stock had declined 16%.

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

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