Felicity_Tide
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cout << "Bitcoin";
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November 29, 2024, 04:42:10 PM |
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Hello. I read today in this article that Microstrategy and its chairman, Michael Saylor, hold 386,700 BTC, thus the ~1.84% of the total BTC supply. Many of these were purchased in 2024 and at relatively high prices. And I wonder. Do they know something we don't and are buying aggressively? To what point will they continue this strategy and what do they expect to gain, besides the obvious? Share your thoughts and opinions.  Interesting question, but let me start by saying, i have noticed that it's a very common practice for people to know/question the secrets to your success even if when there isn't any secret at all. You see this MicroStrategy and Michal Saylor that we're all talking about, they understand what Bitcoin truly offers both in the present and future, and that's why they are pumping a lot of capital into it. I believe before they started the whole investment thing, they must have analyzed it well considering the fact that they where going to put people's money. I actually started believing that MicroStrategy's investment is going to be a very long term, when they made some purchase during the recent price increase, which means they don't even consider what price bitcoin is before making purchase. So, i don't think that they are hiding anything. They just appreciate Bitcoin more than others.
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dezoel
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November 29, 2024, 05:08:31 PM |
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To be fair, he has been doing this for a long time, did that during bear market time as well, and doing it right now too, its not really "do they know something" type of situation, he just liked bitcoin for years now and buying that for a long time. This is just another purchase, he keeps buying, he will buy more whenever he has more money to buy and that's just his method. At this point they are a software company but bitcoin became their business, they are making more on bitcoin going up than their entire business so bull run helped them a lot.
When price of bitcoin was around 15k, they didn't even had 1 billion dollars worth of it, now they have billions of dollars worth of it and that is why I believe that they are doing the right thing. It proves another thing, if you get paid a salary, keep putting in some of it into bitcoin for many years, eventually it will become something much bigger, they got rich that way and so could you, all you have to do is just do what they do but within your own budget.
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Franctoshi
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November 29, 2024, 06:19:49 PM |
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One thing is that this Billionaires has more information than we do, and secondly MicroStrategy is acquiring more Bitcoin because of the company, and just as we've seen recently how the companies stock has skyrocketed in price, so I would say since he has seen the positive result and impact of holding Bitcoin in his portfolio, which has in the companies recent growth, the strategy would be to buy more Bitcoin to make more gains.
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Fiatless
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November 29, 2024, 07:25:18 PM |
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One thing is that this Billionaires has more information than we do, and secondly MicroStrategy is acquiring more Bitcoin because of the company, and just as we've seen recently how the companies stock has skyrocketed in price, so I would say since he has seen the positive result and impact of holding Bitcoin in his portfolio, which has in the companies recent growth, the strategy would be to buy more Bitcoin to make more gains.
The rich can easily get business advice from professionals. They can afford to pay some of the sound business strategists and get the best advice from them. I will not be surprised that MicroStrategy has a team that specializes in organizing and executing the Bitcoin plans of the company. The beauty about Michael Saylor's strategy is that he has not showcased any plan to sell, his focus now is to keep buying. The company is not just making profits but gaining enormous influence in the crypto industry.
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justdimin
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November 30, 2024, 09:08:23 AM |
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Do they know something we don't and are buying aggressively? To what point will they continue this strategy and what do they expect to gain, besides the obvious?
Trying to understand what they know will not make much difference. They buy because they like it, or they buy because they know it will go up, in the end I believe bitcoin will go up anyway so I do not really need them to tell me that. Even if microstrategy weren't buying any bitcoin, I would have been still buying bitcoin, and since they are also buying, I just see one more place that confirms my idea as well, but it's nothing more than seeing you buy bitcoin or someone else. Bitcoin has always been a great investment for me, so I always trusted it and I believed in it and I will continue to believe in it as well, there is nothing that can change that and we should focus on what we believe, instead of checking out what others are doing.
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fuguebtc
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November 30, 2024, 12:23:54 PM |
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The rich can easily get business advice from professionals. They can afford to pay some of the sound business strategists and get the best advice from them. I will not be surprised that MicroStrategy has a team that specializes in organizing and executing the Bitcoin plans of the company.
MicroStrategy is a reputable company but they are not a very large or top company in the US. Therefore, they will not be able to get better advisors and experts like larger companies. But as we see, big corporations like Apple, Microsoft or Google don't even have plans to invest in bitcoin. That leads me to believe that everything about bitcoin is Michael Saylor's vision and strategy, not from a team of good advisors and experts. The beauty about Michael Saylor's strategy is that he has not showcased any plan to sell, his focus now is to keep buying. The company is not just making profits but gaining enormous influence in the crypto industry.
Don't be naive, even if they intend to sell them they don't need to inform us. They will sell them quietly and we will only know they sold when their financial report is released at the end of the quarter. Like Tesla, no one knows if they will sell bitcoin until they release their quarterly financial report.
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welovebit
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November 30, 2024, 12:49:54 PM |
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The rich can easily get business advice from professionals. They can afford to pay some of the sound business strategists and get the best advice from them. I will not be surprised that MicroStrategy has a team that specializes in organizing and executing the Bitcoin plans of the company.
MicroStrategy is a reputable company but they are not a very large or top company in the US. Therefore, they will not be able to get better advisors and experts like larger companies. But as we see, big corporations like Apple, Microsoft or Google don't even have plans to invest in bitcoin. That leads me to believe that everything about bitcoin is Michael Saylor's vision and strategy, not from a team of good advisors and experts. The beauty about Michael Saylor's strategy is that he has not showcased any plan to sell, his focus now is to keep buying. The company is not just making profits but gaining enormous influence in the crypto industry.
Don't be naive, even if they intend to sell them they don't need to inform us. They will sell them quietly and we will only know they sold when their financial report is released at the end of the quarter. Like Tesla, no one knows if they will sell bitcoin until they release their quarterly financial report. I am newbie and trying to understand few things about Bitcoin but still if I am right then MicroStrategy is currently in good profit because they bought these Bitcoins before this bull run, and now we are touching new highs which are good for them if we have sentiments on this level for few more weeks than surely they could be able to have more profit. Their strategy of buying in 2024 is surely not bad because expectations are high for having six figures coming in action in few days so their buying could be in good profit now they need to keep eye and have good profit instead of doing any mistake which give them regret in the future.
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khiholangkang
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November 30, 2024, 01:35:35 PM |
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Do you not know that bitcoin would be one of the world's money? It is even one now. You can send bitcoin to someone in one country to another and bypass those government regulatory rules which they use to cage their citizens. You can own bitcoin and the price will keep increase over time. No other reasons Microstrategy buys more bitcoin than knowing that the world will adopt it and the price will continue to increase.
Most people today do not consider Bitcoin as a global currency, but rather an investment asset, a hedge, therefore many companies and even countries buy it to store and invest in bitcoin, what Saylor did is also like that, Bitcoin is too valuable to be used as a currency today. I agree with your last sentence because the world will adopt it, but not for currency but as an asset, and we know that, only a few people will make transactions using bitcoin, even though it can be used as a currency but only a few people, like gold or others as a means of exchange for certain things in an agreement between two parties.
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CageMabok
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November 30, 2024, 02:35:57 PM |
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I am newbie and trying to understand few things about Bitcoin but still if I am right then MicroStrategy is currently in good profit because they bought these Bitcoins before this bull run, and now we are touching new highs which are good for them if we have sentiments on this level for few more weeks than surely they could be able to have more profit. Their strategy of buying in 2024 is surely not bad because expectations are high for having six figures coming in action in few days so their buying could be in good profit now they need to keep eye and have good profit instead of doing any mistake which give them regret in the future.
We don't need to give advice to big companies like MicroStrategy which for now the company is a company that already has more Bitcoin and is still buying this year. Because they will definitely always take a wise enough step in running something so their consideration is also really mature because companies like MicroStrategy have not only bought more Bitcoin this year but in previous years they have also bought more Bitcoin which has also been followed by Grayscale and Blackrock. And for the profits of a company as big as MicroStrategy, of course the amount will not be small but I am really not surprised by it because it is really worth what they have done so far. In addition, the president of the country of El Salvador himself is still implementing purchases on Bitcoin and the country has also gained more benefits through the adoption of Bitcoin which they are still running until now. So what they did is actually a fairly accurate example to be able to raise the spirit of investors to continue buying non-stop even though the price of Bitcoin itself is at a very different level at this time.
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N.O
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November 30, 2024, 06:08:49 PM |
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And I wonder. Do they know something we don't and are buying aggressively? To what point will they continue this strategy and what do they expect to gain, besides the obvious? Share your thoughts and opinions.  You asked as if you don't know why they are buying Aggressively. We all knows that bitcoin is the future asset treasury that will ever exist to replace Gold and many people are clamoring to make sure they have a slice of it before it supercede gold. Undoubtedly Michael Saylor is doing pretty well in accumulating bitcoin and surly I see them following Satoshi Nakamoto suits. Because if Satoshi Nakamoto HODls apparently 1m bitcoin and Michael Saylor Microstrategy is HODLing this amount then surely they may be second highest bitcoin HODLer aside Satoshi. And if they continue this they may even supercede Satoshi total amount HODLings. For me I am seeing microstrategy heading to the world richest firm with bitcoin investment expecially when bitcoin rises above $500k ish. Right, Satoshi Nakamoto made good network and he changed the World because before that many people were investors of gold and they got double money after doing investment for year but Bitcoin is safe cryptocurrency and no one can control the price of BTC . The total supply of BTC is limited and now interest of World is increasing towards BTC and we will see huge dump in future and there will be more Investors of BTC because millions of people became millionaires and billionaires by BTC . That is late to invest but they should focus on the facts and figures and then invest in BTC . When one person holds huge amount of BTCs it impacts on the market situation and can cause fear and greed.
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fullhdpixel
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November 30, 2024, 06:58:23 PM |
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they are aware of the risk involved in how much they have invested and how much more they are willing to invest and are still not bothered shows that they know a thing about bitcoin and are not ready to pull out anytime soon.
They are not new on this, so I think that instead of thinking about the risk and other negativities like fear, doubt, and uncertainties, they just think about the benefits that they can get other positive traits. BTC is decentralized and not owned by some one else or some big entities, so I don't think they know something that we doesn't know. Bitcoin has a technical side or the hard side for most people but it also has a soft and easy side and I think this is the ones that surfaced. So if they know this one, then it is also possible for us to know it and in fact we might know it already. When you say 'pull out anytime soon' IDK but that sounds negative to me. It sounds like a rug pull, lol and seems not right from a big and legit company such as Microstrategy. But in terms of selling their BTC (which is only normal), indeed that they won't do it just yet because number one; we are not in $100k yet and number two; even if we touch it, they still can carry on because usually big companies are the legitimate long-term hodlers. They can hold for decades or even longer than it, it is because they also have a bigger target than us. if the market goes down bellow certain level, they will be at a tight corner where the options available for them will be to continue buying even at the DIP, wait for the market to recover or do what we know as the last option of every investor.
If they buy at highs, they can surely buy more at the dip and at the same time wait for the recovery of course.
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Antotena
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November 30, 2024, 07:20:21 PM |
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Hello. I read today in this article that Microstrategy and its chairman, Michael Saylor, hold 386,700 BTC, thus the ~1.84% of the total BTC supply. Many of these were purchased in 2024 and at relatively high prices. And I wonder. Do they know something we don't and are buying aggressively? To what point will they continue this strategy and what do they expect to gain, besides the obvious? Share your thoughts and opinions.  There is this post I read where Microstrategy bought many Bitcoin around $12k, till now he hasn't sold anything, that's tells us the guy want to dominate Bitcoin and he want to be the leader. He isn't the only one in this race if Bitcoin accumulation, Blackrock is also taken all the Bitcoin he touches. What if those two people are even in competition to stack all the Bitcoin they see around or perhaps or what if they even collaborate to make Bitcoin scares for people. Whatever the reason or the things they see in Bitcoin that we the ordinary don't see, I'm very sure that it's because it's going to benefit them. They have the money, Microstrategy has backing of MSTR and as long as that stock is performing well, their Bitcoin position will remain strong and liquidation will be far from them. The more they buy Bitcoin from the market, the low probability it becomes for Bitcoin price to comes down, $100k one day will be $10k of last few years.
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South Park
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November 30, 2024, 07:24:21 PM |
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Hello. I read today in this article that Microstrategy and its chairman, Michael Saylor, hold 386,700 BTC, thus the ~1.84% of the total BTC supply. Many of these were purchased in 2024 and at relatively high prices. And I wonder. Do they know something we don't and are buying aggressively? To what point will they continue this strategy and what do they expect to gain, besides the obvious? Share your thoughts and opinions.  This is not really about knowledge but about conviction, how many times we have read on the forum about people that sold their cars or houses to buy all the bitcoin they could? And while a very risky move, the reality is that as long as they could hold their coins no matter what and avoid selling, then this will eventually become a profitable move, this is just the same, it is just that the scale is magnitudes of order bigger, but the core idea is the same.
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_act_
Legendary
Offline
Activity: 1582
Merit: 1853
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November 30, 2024, 10:40:45 PM |
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Do you not know that bitcoin would be one of the world's money? It is even one now. You can send bitcoin to someone in one country to another and bypass those government regulatory rules which they use to cage their citizens. You can own bitcoin and the price will keep increase over time. No other reasons Microstrategy buys more bitcoin than knowing that the world will adopt it and the price will continue to increase.
Most people today do not consider Bitcoin as a global currency, but rather an investment asset, a hedge, therefore many companies and even countries buy it to store and invest in bitcoin, what Saylor did is also like that, Bitcoin is too valuable to be used as a currency today. It depends on what we think as a global currency. To me bitcoin is more than a global currency. You can send bitcoin to your family and friends in anywhere in the world. It is not seen as a local or foreign transaction and no discrimination. So what is that? Is that not a global currency? Bitcoin can be used as investment by many people but also it can be regarded as a global currency.
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JeffBrad12
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December 01, 2024, 03:45:37 AM |
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One thing is that this Billionaires has more information than we do, and secondly MicroStrategy is acquiring more Bitcoin because of the company, and just as we've seen recently how the companies stock has skyrocketed in price, so I would say since he has seen the positive result and impact of holding Bitcoin in his portfolio, which has in the companies recent growth, the strategy would be to buy more Bitcoin to make more gains.
they also probably bet on the probability of bitcoin being approved of strategic bitcoin reserve in the future which might be a big thing for bitcoin and the only reason that could justify 1 million price for bitcoin. but so far I think like as you said, they just doing it because it works, it can inflate their stock valuation more than double of their BTC holding that means it's a good enough result already. surely they know something that we don't know that's why maybe buying BTC right now isn't that risky after all, current market price might seem a little on the expensive side but if there's any chance that BTC could go really high in the future I guess $100k can be considered cheap for long term holding.
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khiholangkang
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December 01, 2024, 12:08:22 PM |
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Do you not know that bitcoin would be one of the world's money? It is even one now. You can send bitcoin to someone in one country to another and bypass those government regulatory rules which they use to cage their citizens. You can own bitcoin and the price will keep increase over time. No other reasons Microstrategy buys more bitcoin than knowing that the world will adopt it and the price will continue to increase.
Most people today do not consider Bitcoin as a global currency, but rather an investment asset, a hedge, therefore many companies and even countries buy it to store and invest in bitcoin, what Saylor did is also like that, Bitcoin is too valuable to be used as a currency today. It depends on what we think as a global currency. To me bitcoin is more than a global currency. You can send bitcoin to your family and friends in anywhere in the world. It is not seen as a local or foreign transaction and no discrimination. So what is that? Is that not a global currency? Bitcoin can be used as investment by many people but also it can be regarded as a global currency. Basically Bitcoin is a multi -function for now because it can be used for payment tools, investment assets or value protectors such as gold, and the use of subjective use, I feel that the use is relative. But in general today Bitcoin is made as an investment tool and a value protective equipment. So it's a luck in the financial world where Bitcoin has a multifunctional for now and that is a very good thing we can see from Bitcoin.
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Synchronice
Legendary
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Activity: 1540
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December 01, 2024, 01:28:31 PM |
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Do you not know that bitcoin would be one of the world's money? It is even one now. You can send bitcoin to someone in one country to another and bypass those government regulatory rules which they use to cage their citizens. You can own bitcoin and the price will keep increase over time. No other reasons Microstrategy buys more bitcoin than knowing that the world will adopt it and the price will continue to increase.
Most people today do not consider Bitcoin as a global currency, but rather an investment asset, a hedge, therefore many companies and even countries buy it to store and invest in bitcoin, what Saylor did is also like that, Bitcoin is too valuable to be used as a currency today. It depends on what we think as a global currency. To me bitcoin is more than a global currency. You can send bitcoin to your family and friends in anywhere in the world. It is not seen as a local or foreign transaction and no discrimination. So what is that? Is that not a global currency? Bitcoin can be used as investment by many people but also it can be regarded as a global currency. From Bitcoin's whitepaper, we can clearly understand that Bitcoin is a global currency. Payment providers are 3rd parties and when it comes to payments from one country to another, there is a chain of banks that partnership and cooperate with each-other and not every payment provider is capable to accept many debit/credit cards. Bitcoin solves this problem, you don't need any 3rd party, you can send and receive Bitcoin from any part of the world to anyone, without limits. This is truly a phenomenal for everyone not only interested in ecommerce but for anyone who wants to deal smoothly with people all around the world. That is the future of finance, that's what helps economy to develop.
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WillyAp
Member

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Activity: 1386
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Looking for guilt best look first into a mirror
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December 01, 2024, 03:07:00 PM |
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From Bitcoin's whitepaper, we can clearly understand that Bitcoin is a global currency.
The word Global does not appear once in the Whitepaper, Not even the word World is present in the paper. There is not a word of replacing the $. It was made as a P2P, a way to replace or sideline banking wires. Once you had contact with the stubborn way banks, especially in the 3rd world ,treat people, or clients who need to channel (pay) money into country deems paria, suspect or else you know. A bank closed an account of a friend of mine, he lived in Austria. He wished to pay and the receiver bank was in Panama. The amount? Below €1000. Microstrategy is taking a a bet. Lets see if it works out.
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Odusko
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December 01, 2024, 05:53:46 PM |
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And I wonder. Do they know something we don't and are buying aggressively? To what point will they continue this strategy and what do they expect to gain, besides the obvious? Share your thoughts and opinions.  Microstrategy have really shocked the world with their bitcoin investment, no one ever imagined they’d invest this big into bitcoin when they started. The bulk of it indeed happened in the year 2024, which bitcoin price has not been relatively low at the time. They continued to add to their portfolio even when the price of bitcoin continues to rise, that’s how much confidence they have in their investment in bitcoin and knowing fully well that they’ll reap the fruits of it in the coming months or years. Holding more than 1% of the total bitcoin supply is a very big achievement, checking from the price of bitcoin today, they’re so rich that if they’d never invested in bitcoin, their profit wouldn’t have grown this big within this short period of time they’ve invested in it. Not even their company will give them such a big ROI from last year to this year. They are business ventures and I believe they see and actually see the probability of the success of a thing from months or years into the future, if not that, I don’t think they know something about bitcoin that the whole bitcoin community don’t know and finds it hard to see them invest this big in bitcoin.
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Huppercase
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December 01, 2024, 06:37:43 PM |
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I think he constantly needs to be in the public eye so that the company's shares grow.
If it's about public eye service, I think Elon Musk should be the one doing this which I remember he did in the last run but what happen later, he retracted and sold more than what he was having on the wallet and holding half now. He also provided an option for people to buy their products using Bitcoin and also stop the service but Microstrategy hasn't done all this but his company shares are going up, I'm not sure if it's what you think it's about publicity. He has been a fan of Bitcoin right from day one when Bitcoin isn't this expensive, he want to see Bitcoin goes up way higher than anyone can imagined and since it has been working for him. If his dream of seeing Bitcoin goes up is working, there is no point got him to stop right now. The best is to continue to buy more and more so that peoples confidence in holding Bitcoin can continue to grow just like now the market is bullish for everyone.
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