He attributed the spike to Strategys purchase of 950 BTC for $75.7 million, which ended a nearly month-long buying pause.
I don't really know about this but I find it hard to believe even if Peter has issue with Bitcoin
He isn't that stupid to think Saylor buying 950BTC is the reason we had this spike.
Strategy bought after Bitcoin started performing well and they did from their cash reserve.
Such unit isn't much in the grand scheme of things.
where Strategy sells BTC at lower prices, then buys back higher, with the exchange landing right as Strategy disclosed a fresh purchase
Well this is understandable in a way
Their plan is long term accumulation and most times they get money to buy Bitcoin when Bitcoin is doing well
Via ATM and find it hard to generate funds when Bitcoin is performing poorly.
MSTR reportedly gained about 12% while BTC gained 5.5%, meaning it outperformed BTC and proving that, to an extent, Strategy(and by extension, Saylor)s plan is actually materialising
Well It's a leverage security
If it doesn't outperform Bitcoin then it has failed
It's the same reason it falls more than Bitcoin.
Would you call Saylor a misunderstood genius with an approach towards investment that might turn many into millionaires in the next decade, or just another individual with masked ulterior motives?
Lol who is he turning to millionaires?
His past history doesn't really speak genius
And his motive isn't really masked
He's riding the Bitcoin wave and has been successful in pushing his company.
Saylor is extremely smart, bold financial engineer who is using Bitcoin to arbitrage weaknesses of fiat financial system!
While introducing STRC
A security similar to the Fiat system, alright.
