I mentioned in my last post about the move MicroStrategy had made in converting their cash to Bitcoin. Some would still be saying it was a risky move and an increasing Bitcoin price is never guaranteed but their profit already is mind blowing.
I wonder how the board of MicroStrategy now feel about their decision. What could doing something similar even if on a smaller scale do for your business or personal portfolio? Here’s another interview with their CEO on why he made the decision he did.
Michael also tweeted this week “Some have asked how much #BTC I own. I personally #hodl 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy #bitcoin for itself.”
I doubt anyone reading this has the funds to buy that much Bitcoin. If you do awesome. If you don’t forget about the numbers and focus on the thought process as to why they invested that much. Then ask yourself what percentage of your net worth would be best for you to have invested in cryptocurrencies. Only you can answer that question. Never let someone else talk you into an investment based on their position in life. Also never disregard an opportunity without investigating it fully yourself.
Here’s another video I watched this week which explains the changes that are taking place in the financial world.
The news keeps coming when it comes to more and more users of Bitcoin. There was big news out of Iran this week. Not to be outdone Mongolia hit the Bitcoin headlines with their own news.
There was also big news in Australia with an IPO accepting tether.
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