Getting Bitcoin in August 2010 Was the Right Move – Michael Saylor
- BTC price at time of writing – $24,488.16
- MicroStrategy has continued to accumulate Bitcoin
- The firm now has around 129,699 bitcoins
In a recent meeting with Daniela Cambone, Editor-at-Large and Anchor at Stansberry Research, Michael Saylor, co-founder and executive chairman of Nasdaq-listed business intelligence organization MicroStrategy Inc. (NASDAQ: MSTR ), tended to his troubleshooters.
It deserves recall that on August 11, 2020, MicroStrategy reported through a public statement that it had purchased 21,454 bitcoins at a total price tag of $250 million to use as an essential custodial resource.
BTC market cap – $467,540,142,046
Michael Saylor (the organization’s co-founder, chairman and CEO) said at the time that their choice to put resources into Bitcoin right now was driven to a limited extent by an intersection of full-scale factors affecting the financial and business scene that they accept. make long-term gambles for their corporate custody program – gambling with that should be nurtured proactively.
From that point on, MicroStrategy has continued to rally Bitcoin, and its CEO has become one of Bitcoin’s most vocal promoters. MicroStrategy’s latest $BTC purchase, which Saylor tweeted about on June 29, suggests that the firm currently holds around 129,699 bitcoins, which were achieved for ~$3.98 billion at a typical price of ~$30,664 per bitcoin.
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Detached houses in the US have increased in price by 40%.
During a meeting with Cambone delivered on YouTube on Friday (Aug. 12), Saylor said that the traditional pundits and regular standard experts — they don’t understand the crypto economy, they don’t understand Bitcoin, and they can’t stand. unpredictability.
Furthermore, there are individuals who will tell you ‘take all your money, put it in a financial balance that gives 1% premium, simply don’t lose it, and don’t annoy us.
But when they embrace the Bitcoin system they did, that’s what they knew if they kept their money in a ledger, it planned to lose 20% of its purchasing power every year, and it has as expected.
Cash supply increased by 40%: detached houses in the US have increased in cost by 40%. Assuming you had $500 million, it would have given you 40% less today than it would have given you both a long time ago.
