As a seasoned crypto investor with a knack for spotting trends and understanding their implications, I find myself increasingly drawn to MicroStrategy (MSTR) and its staunch Bitcoin advocate, Michael Saylor. Having weathered numerous market crashes, I can attest that resilience and adaptability are the keys to survival in this volatile landscape.
Over the past day, shares of MicroStrategy (MSTR) have surged by 4.6%, performing better than the general market.
After the worldwide market downturn earlier this week, the company’s shares have largely recovered from their initial losses.
Bitcoin is currently trading at $56,571 after adding nearly 5% over the past 24 hours.
Just like air and water
In recent times, MicroStrategy co-founder Michael Saylor, a prominent Bitcoin advocate, likened Bitcoin to essential elements like air and water.
In simpler terms, “Conventional financial systems function only 19% of the time. Just as air and water are accessible at all times, capital should be too. Bitcoin can be accessed by anyone, anytime, anywhere,” is what Saylor expressed in his social media post.
During his recent CNBC interview, Saylor stressed that Bitcoin “represents” the 21st century.
As a researcher exploring financial trends, I’ve come to ponder upon the issue of millennials and their relationship with traditional finance. It seems to me that it might be beneficial for this generation to challenge the status quo, given that the current system appears less than optimally efficient.
As a crypto investor, I’d like to emphasize that if similar actions were taken with our daily essentials like food, water, or air, they would undeniably be seen as inhumane and excessive. Saylor underscored this point.
Buying more?
During the interview, Saylor subtly suggested that MicroStrategy might soon acquire additional Bitcoins. He mentioned that the company intends to secure extra funds, enabling them to carry out these future purchases.
Saylor mentioned that his company’s shareholders believe that increasing the amount of Bitcoin each share represents would enhance their overall value.
He has added that the company will continue generating more Bitcoin per share in “any way it possibly can.”
Read More
- SOL PREDICTION. SOL cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- SHIB PREDICTION. SHIB cryptocurrency
- USD ZAR PREDICTION
- USD COP PREDICTION
- Red Dead Redemption: Undead Nightmare – Where To Find Sasquatch
- Top gainers and losers
- USD PHP PREDICTION
- CAKE PREDICTION. CAKE cryptocurrency
2024-08-06 23:37