The CEO of Bitcoin Magazine,
David Bailey, painted a very positive picture of Bitcoin (BTC) in his X platform statement.
The next several years will see no more bear markets for Bitcoin, according to Bailey. Bitcoin will someday be held by every corporate entity, bank, insurance provider, pension fund, sovereign state, and other organization. The process has formally started, yet we still only have 0.01% of the market. Bitcoin will become considerably more expensive.
On the X platform, Strategy chairman Michael Saylor (previously MicroStrategy) posted a Bitcoin graphic that once more displayed orange buy points. Shortly after revealing this information, Saylor has been known to make formal declarations regarding the company's Bitcoin holdings. Consequently, next week, investors anticipate that MicroStrategy will disclose more Bitcoin acquisitions. Based on the information, MicroStrategy presently has 629,376 BTC in its Bitcoin portfolio, which is valued at $72.1 billion. The average purchase price was $73,332, thus at current prices, the company's investment is worth 56.22%.
0 Comments