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Author Topic: Billion Dollar Company and Bitcoin  (Read 77 times)
AjithBtc
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September 21, 2020, 03:07:08 AM
 #1



“Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”

Above is the tweet by the MicroStrategy CEO in the year 2013. By that time he was skeptic about bitcoin value. Now the same person have forgotten about the tweet. This is the statement from him in a recent interview.

“I didn’t get all worked up about it. I’m like you’re right I was wrong, what an idiot I was, I wish I could go back and do it again.”

Michael Saylor added

Bitcoin solves the cash problem
He has chosen bitcoin finding it to be better than gold
He compliment it as a living thing, as miners keeps running the network alive

He never finds bitcoin volatility an issue, most of the time large scale investors state the volatility as a reason to prefer investing over gold and other investments. Finally the buying of 38250 bitcoins within 74 days have made their strong presence into the cryptocurrency market.

I don't know it is his statement or the author's, but the rhyming and the meaning is True

“anything that’s controlled by a CEO is crippled,
controlled by a state is crippled,
controlled by a country is crippled.”
This entire thing BTC is its own ecosystem.

Source : MicroStrategy and Bitcoin

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September 21, 2020, 03:48:05 AM
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Just a heads up. This has been discussed and posted here a good number of times already:

Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ https://bitcointalk.org/index.php?topic=5268108.0
Topic: Big companies have started investing in bitcoin as a safe asset https://bitcointalk.org/index.php?topic=5276517.0
Topic: [2020-08-11] MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset https://bitcointalk.org/index.php?topic=5268078.0
Topic: MicroStrategy company adopts Bitcoin as primary treasury reserve asset. https://bitcointalk.org/index.php?topic=5268180.0

rollingdice
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September 21, 2020, 04:32:44 AM
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The tendency to be bullish on Bitcoin isn't something brand new nowadays. Even some national governments are hodling some Bitcoins.
https://www.investopedia.com/news/which-governments-are-hoarding-bitcoin/

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AjithBtc
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September 21, 2020, 04:33:22 AM
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Just a heads up. This has been discussed and posted here a good number of times already:

Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ https://bitcointalk.org/index.php?topic=5268108.0
Topic: Big companies have started investing in bitcoin as a safe asset https://bitcointalk.org/index.php?topic=5276517.0
Topic: [2020-08-11] MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset https://bitcointalk.org/index.php?topic=5268078.0
Topic: MicroStrategy company adopts Bitcoin as primary treasury reserve asset. https://bitcointalk.org/index.php?topic=5268180.0
Agreed, I saw this as an updated news and the same made me create a new thread on the news. Going through the news one can easily understand buying of bitcoin for $250m worth, and now additional 17k bitcoin is being bought.

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September 21, 2020, 04:41:56 AM
 #5

After JP Morgan there has been a sudden and swift inclination towards Bitcoin by big corporate. I assume more to follow in the near future. In my opinion they will be somewhat able to control of the marketcap of Bitcoin after such a huge investment. Good to hear more and  more people favouring Bitcoin over gold now.

pakhitheboss
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September 21, 2020, 04:50:44 AM
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After JP Morgan there has been a sudden and swift inclination towards Bitcoin by big corporate. I assume more to follow in the near future. In my opinion they will be somewhat able to control of the marketcap of Bitcoin after such a huge investment. Good to hear more and  more people favouring Bitcoin over gold now.


It was long awaited there is nothing incredibly about this news. You will hear more of such news in the coming days as most corporates are now realizing the benefits of Bitcoin in the longterm.

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September 21, 2020, 06:14:21 AM
 #7

I think this statement opened their eyes... " “First, I have a mega, mega, mega problem and the mega problem is I have a lot of cash and I’m watching it melt away” - CEO Microstrategy

It is a massive problem for companies to see their hard earned cash, losing value to taxes and inflation and Banking fees etc.. so they are looking for something that might counter that.

When high profile people make a statement like this, “It’s the hardest currency because it’s getting continually exponentially harder … but it’s also smarter, stronger, and faster than gold.” ....then people should take notice.  Wink

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ampu
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September 21, 2020, 08:48:36 AM
 #8

The adoption of a big company like Microstrategy could be a major successor to Bitcoin. All the attention is on bitcoin, this is also how Bitcoin will achieve higher value. Microstrategy's investment is making miners mine more Bitcoin. Hashrate has risen to all-time highs but the value of bitcoin is still below $ 11k. If Bitcoin does not go up, then the news or indicators when talking about Bitcoin are meaningless.

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