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RE: MicroStrategy Is Raising $700 Million To Buy More Bitcoin

in #bitcoin7 months ago

Saylor is definitely bullish on BTC and it's nice to see him buy so much BTC, but I also worry about it to an extent. All it takes is a crash in BTC price for MicroStrategy to suffer and it doesn't have to be permanent either. I do hope that they are are at least considering any risk and taking some profits to reduce the risk of the market tanking.

I think the ETFs are probably done buying until there is more interest so I think Saylor's buying will be helping BTC because he doesn't plan to sell unless he is forced to.

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