Why MicroStrategy won’t stop with its latest $15M Bitcoin purchase

MicroStrategy has recently been converting significant amounts of its cash reserves to Bitcoin. In what is yet another in its Bitcoin investment streak, the publicly-traded company is in the news today after it purchased more of the crypto-asset. According to CEO Michael Saylor, the business intelligence firm has now bought an additional 262 Bitcoins for approximately $15 million at an average price of about $57,146 per Bitcoin.

Why bitcoin could become a standard recommendation for an average investor’s portfolio

This past week as Bitcoin hovered around $46.5k and $52.5k range, Twitter sentiments have been at their most bearish level during this bull run. Bitcoin’s volatile price has given many people a reason or two to question about investing in the crypto asset. CEO of ARK Investment Management, Cathie Wood, thinks otherwise. According to her, over time, the price of the digital currency will stabilize, which would allow the crypto to become more widely accepted.

Why Won’t Bitcoin Die? Because You Need It

The mainstream media will tell you that bitcoin is a speculative bubble, your financial advisor will tell you that you’re wasting your time by investing in it, your friends and family will tell you that it’s a scam and economists will tell you that it won’t work. So, why is bitcoin consistently rising in price and proving them all wrong? If bitcoin really is everything that these people say it is, then why won’t it just die already?

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