I have a lot of faith in Bitcoin and crypto. I truly believe in the blockchain technology and think sooner or later crypto will make it’s way in the mainstream. I have heard a lot of debates about crypto and many of them involved Michael Saylor. For the first few I really like his point…
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TL;DR — I'll show you that it's mathematically impossible (under some assumptions, of course) that LUNA's price can't go back up to its' glorious days again. Let's do some meth—umm I meant math! There are some important assumptions we need to make. This mini-analysis assumes that: UST will be pegged back to around USD…
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MicroStrategy has become a major player in the crypto realm since it began purchasing Bitcoin. Its holdings have seen it solidify its place as the public company with the largest bitcoin holdings in the world. A notable fact is that the company had bought a good chunk of its BTC during the bull rallies of 2021. So as the price of the digital asset has begun to decline, there have been speculations regarding whether MicroStrategy plans to begin dumping its BTC. MicroStrategy Will Not Sell BTC MicroStrategy recently appointed a new Chief Financial Officer, Andrew Kang, who so far looks to be committed to the company’s strategy. The firm has revealed in the past that it would hold its BTC for the long term and had no plans to sell. Kang has reiterated this strategy in a recent interview amid many speculations. Related Reading | More Stress For El Salvador As Bitcoin Dips To $29,000 Kang spoke with The Wall Street Journal where he revealed that MicroStrategy was still committed to holding its bitcoin. More importantly, the CFO explained that the company has not been facing any kind of pressure from its shareholders to actually sell off any of its BTC. BTC starts another recovery trend | Source: BTCUSD on TradingView.com Even with its BTC investment currently in the loss, it remains steadfast in its resolve to hold its Bitcoin. This has also been echoed by CEO Michael Saylor who took to Twitter to assure investors that MicroStrategy will not dump any of its BTC even through the bear market. Adding that the firm continues to stand with bitcoin. BTC Will Be Worth Millions CEO Michael Strategy is a bitcoin maximalist whose personal investment had been one of the basis for convincing the board to invest in BTC. Saylor has always been vocal about the fact that he believes the digital asset will be worth a lot of money in the future, putting it at over a million dollars. Saylor revealed in an interview with Yahoo Finance that he sees the pioneer digital asset touching as high as $1 million in the future. He also called it the “currency of the future” while emphasizing its superiority over other cryptocurrencies in the space. Related Reading | Exchange Inflows Rock Bitcoin, Ethereum As Market Struggles To Recover As for MicroStrategy, the CEO explained that when it comes to buying BTC, there is no “pricing goal”. He believes that the company will continue to buy the coin at its local peaks. Interestingly, the CEO has also said that he sees the market cap of bitcoin reaching as high as $100 trillion one day. MicroStrategy currently holds 129,218 BTC on its balance sheet. The total entry value for all of its bitcoin is $3.97 billion. While the current value of its holdings is $3.924 billion, putting the company at about $46 million in the loss. Featured image from Onewsonline, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
The CEO of one of Kenya’s biggest lenders has argued there is a possibility cryptocurrencies will complement mobile money in Africa but first, there is a need to convince regulators of their benefits. African Regulators’ Stance on Crypto Cryptocurrencies can potentially complement mobile money in Africa if regulators on the continent are made to change […]
A friend of mine has commissioned an art from an artist. Now he wants also to mint that art as a NFT. He has asked me how to do that. My first thought was minting directly on Opensea contract, but usually NFTs minted in that way aren't worth overtime. Does anyone know what's the best…
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I have had my ETH on an exchange for quite a while. I’ve transferred all of my BTC to my trezor wallet. If I do the same with my ethereum will I need to pay these high gas fees that I keep hearing about? If not, can someone explain to me under what circumstances I…
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Have you noticed how many people are concerned after the recent crypto drops, and I was puzzled as to why some people sold their Ethereum or Bitcoin? There are various reasons why this is a bad idea. How are you managing the issue as a whole? I must admit that were actually several points where…
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Recession fears mount as a 20% decline in the S&P 500 places stock in a bear market, increasing the chance that BTC and altcoins will make new lows.
“OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol,” said the platform.
