Weer een Bitcoin All-Time High terwijl de totale marktkapitalisatie

Market Roundup: Weer een Bitcoin All-Time High terwijl de totale marktkapitalisatie daalt

  • Bitcoin breekt opnieuw all-time high en raakt $52.000+.
  • Totale marktkapitalisatie breekt all-time high.
  • PancakeSwap domineert top 100 met 48% winst.

Het Trust Project is een internationaal consortium van nieuwsorganisaties dat normen voor transparantie opbouwt.

Na een sombere start van de week, bracht woensdag wat Bitcoin System onverwachte opluchting toen het marktherstel bitcoin (BTC) opnieuw een all-time high zag breken, gekoppeld aan een nieuwe all-time high voor de gehele cryptomarktkapitalisatie.

Bitcoin blijft stijgen

Telkens wanneer het erop lijkt dat bitcoin klaar is met moonen, gaat het door. Woensdag zag een nieuwe all-time high voor BTC toen de leidende crypto boven de $52.000 vloog.

De klim boven de $50.000 is al een paar dagen aan het uitblijven, maar het lijkt erop dat BTC er eindelijk in is geslaagd om die grens te doorbreken en er ruim boven te blijven.

De kracht van bitcoin lijkt te komen door de toenemende belangstelling van durfkapitalisten en bedrijven. Dit volgt op het nieuws dat MicroStrategy minstens 600 miljoen dollar extra in bitcoin wil kopen.

Totale marktkapitalisatie breekt historisch hoogtepunt

De totale marktkapitalisatie van crypto’s blijft stijgen. Na een nieuwe bitcoin all-time high, volgde de totale crypto marktkapitalisatie met een rally van de majors. De trage en bloederige start van de week werd snel vergeten toen er over de hele linie groen te zien was.

Door de opleving van de prijzen staat de all-time high van de totale marktkapitalisatie nu op 1,558 biljoen dollar.

Binance richt ogen op XRP

XRP blijft proberen om terug te vechten voor de vijfde plek tegen Cardano (ADA). Na een herstel op woensdag was XRP in staat om ADA te overtreffen. Het blijft echter nog steeds achter. Wat meer verontrustend is, is het recente nieuws van oprichters die mogelijk hun XRP dumpen. Dit zou de recente winsten negatief kunnen beïnvloeden.

Erger nog, Binance Coin (BNB) heeft nu een duidelijk zicht op XRP na een prijsstijging van 20% op woensdag. BNB staat nu slechts $2 miljard achter XRP in market cap en zal die zesde plek nauwlettend in de gaten houden.

Top 100 grootste stijger

Woensdag zagen veel van de top 100 projecten dramatisch in prijs stijgen. Maar geen enkel was zo dramatisch als PancakeSwap.

PancakeSwap (CAKE) klom woensdag bijna 50%, en begon de ochtend op iets meer dan $7. De zelfbenoemde nummer één geautomatiseerde market maker en yield farm op Binance Smart Chain stelde zijn concurrenten op de proef met een verbazingwekkende klim naar ruim boven $10.

Het project is het grootste Binance Smart Chain (BSC) project en staat momenteel op plaats 61 in de top 100. Het heeft momenteel een dagelijks volume van $297 miljoen met een market cap van $1,17 miljard.

Al bij al lijkt woensdag een goede dag te zijn geweest voor de cryptomarkt, met slechts zes munten in de top 100 die meer dan 1% in het rood zagen staan. Niet slecht in het grotere geheel der dingen.

Post-Tesla Nachrichten FOMO Hilft Bitcoin Preis über $48,000 zu surfen

Laut den Daten von TradingView erreichte der Bitcoin-Preis am Dienstag (9. Februar) um 06:59 UTC – dem Tag, nachdem Tesla bekannt gab, 1,5 Milliarden Dollar in Bitcoin investiert zu haben – 48.200 Dollar, was ein neues Allzeithoch (ATH) darstellt.

Ein großer Anstieg des Bitcoin-Preises

Wie Sie im obigen 24-Stunden-Chart sehen können, gab es am Montag (8. Februar) um 12:40 UTC einen großen Anstieg des Bitcoin-Preises. Das ist ungefähr der Zeitpunkt, an dem die Krypto-Community entdeckte, dass Tesla früher am Tag die U.S. Securities and Exchange Commission (SEC) über seinen Jahresbericht 2020 (auf Formular 10-K) informiert hatte, dass es bereits $1,5 Milliarden in Bitcoin investiert hatte.

Dieselbe Fear of Missing Out (FOMO), die Elon Musk dazu veranlasste, ca. 7,7 % des Tesla-Bargeldes zu investieren (Tesla hatte am Ende des 4. Quartals 2020 19,384 Mrd. $ in bar) – sowie die zusätzliche Legitimierung und Entriskierung von Bitcoin, die diese wichtige Bestätigung des reichsten Mannes der Welt mit sich brachte – verhalf dem Bitcoin-Kurs dazu, über 48.000 $ zu steigen und scheinbar auf dem Weg in Richtung 50.000 $ in naher Zukunft.

MicroStrategy CEO Michael Syalor sprach über dieses De-Risking von Bitcoin in einem Tweet, den er gestern nach seinem Interview bei CNBCs „Power Lunch“ gepostet hat.

Krypto-Analyst und Trader Scott Melker denkt, dass ein Teil des FOMO, das wir sehen, darauf zurückzuführen sein könnte, dass Investoren in Asien aufwachen und von Teslas Investition in Bitcoin hören.

In der Zwischenzeit weist der Krypto-Analyst und Influencer Lark Davis darauf hin, dass Bitcoin gestern seine höchste Dollar-Tageskerze aller Zeiten registriert hat.

Und der On-Chain-Analyst Willy Woo machte die interessante Beobachtung, dass, seit MicroStrategy im letzten August enthüllte, dass es in Bitcoin investiert hatte, um es als primäre Treasury-Reserve zu nutzen, Bitcoin eine hohe inverse Korrelation zu Gold gezeigt hat.

Bill Barhydt, CEO von Abra, glaubt, dass, obwohl die Leute darüber reden, dass schätzungsweise 6% des maximalen Bitcoin-Volumens in Schatzkammern stecken, „die wirkliche Zahl, einschließlich nicht gemeldeter privater Unternehmen, VCs usw., wahrscheinlich mindestens doppelt so hoch ist und wächst.“

Zwei Beispiele für die privaten Unternehmen

Zwei Beispiele für die privaten Unternehmen, von denen der Abra-CEO spricht, sind seine Firma und Raoul Pals Real Vision.

Wie hoch der Bitcoin-Preis steigen könnte, ist unmöglich zu sagen, denn wie bei jedem anderen Vermögenswert wird sein Preis durch Angebot und Nachfrage bestimmt. Tyler Winklevoss, Mitbegründer und CEO der Krypto-Börse Gemini, sagte gestern, dass der Bitcoin-Preis „auf dem Weg zum Mars“ ist, und es ist nicht leicht, mit dieser Einschätzung zu argumentieren.

Jetzt, wo Elon Musk, der nicht nur der reichste Mensch der Welt ist, sondern von vielen auch als einer der klügsten Menschen der Welt angesehen wird, dieses bedeutende Engagement für Bitcoin eingegangen ist, wird das schnell steigende Niveau der Aufregung um Bitcoin es den Stimmen der Bitcoin-Kritiker wie Nouriel Roubini und Peter Schiff viel schwerer machen, gehört zu werden.

Und mit so vielen Unternehmen, Staatsfonds, Zentralbanken, Family Offices, vermögenden Privatpersonen und normalen Kleinanlegern, die noch nicht in Bitcoin investiert haben, sieht die langfristige Zukunft von Bitcoin ausgesprochen gesund aus.

Mike McGlone di Bloomberg dice che BTC potrebbe essere diretto a $50K mentre l’oro perde appeal

Il rapporto tra il prezzo del Bitcoin e quello dell’oro potrebbe arrivare a 100x, con la volatilità dell’asset digitale che potrebbe scendere ai livelli dell’oro entro il 2024.

Bitcoin continuerà la sua spinta rialzista verso i 50.000 dollari

Bitcoin continuerà la sua spinta rialzista verso i 50.000 dollari mentre gli investitori spostano i fondi dall’oro all’asset digitale, secondo Mike McGlone, senior commodity strategist di Bloomberg.

Entro il 2024, egli crede che la sua volatilità potrebbe anche raggiungere i livelli dell’oro, spingendo il prezzo molto più lontano.

In un rapporto pubblicato mercoledì, McGlone ha spiegato che BTC sta mostrando un forte supporto a 30.000 dollari, e „la crescente adozione istituzionale e il potenziale per il punto di riferimento di diventare un bene di riserva globale“ potrebbe portare il prezzo a 50.000 dollari o più in alto.

Il rapporto ha citato prove di fondi che si spostano verso Bitcoin dall’oro, evidenziando l’accelerazione dei flussi in Grayscale Bitcoin Trust (GBTC) e il declino delle partecipazioni totali di ETF noti di oro. La società di investimento ha fatto crescere il suo fondo GBTC dall’1%, al 10%, dei „210 miliardi di dollari di ETF sull’oro“ nel 2020.

„In un mondo che sta diventando digitale“, ha dichiarato, „è logico aspettarsi che più fondi fluiscano verso Bitcoin e via dai metalli preziosi“.

McGlone ritiene che investire fino al 5% in Bitcoin stia diventando una decisione sempre più saggia:

„In assenza di un grande guasto tecnologico, gli allocatori di oro della vecchia guardia sono principalmente a rischio se la criptovaluta diventa un bene di riserva e Bitcoin come 1-5% del proprio patrimonio investibile diventa sempre più prudente“.

Un aumento della volatilità del mercato azionario è stato di buon auspicio per l’oro e il bitcoin in passato, ha spiegato lo stratega, con un investimento combinato di Bitcoin e oro che mostra un tasso di volatilità inferiore a 260 giorni (30%) rispetto allo S&P 500 (35%).

Gli attuali livelli di resistenza del BTC

Nonostante questo, McGlone crede che l’asset digitale abbia il potenziale per i suoi livelli di resistenza di salire fino a 100 volte i livelli di resistenza dell’oro. Gli attuali livelli di resistenza del BTC (40.000 dollari) sono 22 volte quelli dell’oro (1.800 dollari).

Durante la corsa al toro del 2017, il rapporto prezzo Bitcoin-oro è passato da 1x a 15x in pochi mesi.

McGlone ha detto che il Bitcoin è sulla buona strada per raggiungere il livello di rischio dell’oro entro il 2024. Infatti, ha detto che Bitcoin potrebbe diventare ancora meno volatile dell’oro a causa della sua fornitura fissa.

„Per avvicinarsi a questa pietra miliare, Bitcoin potrebbe dover semplicemente mantenere quello che sta facendo: apprezzarsi nel prezzo e maturare“.

L’attuale volatilità di 260 giorni per BTC si trova al 50%, che lui equipara ai livelli di volatilità dell’oro del 1980.

McGlone ha anche fatto menzione di Ethereum, sostenendo che sta trasformando il livello di resistenza di 1.000 dollari in un livello di supporto che è „improbabile“ rompere. Ha paragonato la sua tendenza a quella del 1° trimestre 2017, in cui è passato da 10 dollari a oltre 40 dollari prima di superare i 1.000 dollari nove mesi dopo.

Eosfinex integrerer Wombat for å administrere EOS

Eosfinex integrerer Wombat for å administrere EOS

 

I en nylig uttalelse utgitt av Spielworks, lærer vi at selskapet har integrert den berømte lommeboken for å administrere EOS-blockchain, nemlig Wombat, i Eosfinex-plattformen,

Husk at Eosfinex er en desentralisert børs der det er mulig å bytte forskjellige tokens basert på EOS-blockchain, og utnytte likviditet.

Husk at EOS-blockchain bruker et kontosystem, basert på et 12-sifret alfanumerisk system, derfor veldig enkelt å huske og dele med alle. Disse kontoene er imidlertid ikke gratis da de har ressurser Bitcoin Code til å administrere kontoen, nemlig RAM, CPU og NET. Hver konto har minimale ressurser som den må ha for å lagre informasjon som tokeninformasjon.

Integrasjonen av Wombat på Eosfinex

I stedet lar Wombat-lommeboken alle opprette en EOS-konto, og til og med en Telos-konto, gratis. På denne måten kan brukerne umiddelbart bruke EOS blockchain, mens i stedet hvis brukeren vil eksportere sin private nøkkel, må de betale en liten sum, ca 2 euro, som alltid vil være mindre enn det beløpet som kreves for å opprette en konto på en annen måte. Faktisk varierer denne figuren vanligvis fra 5 til 10 euro, og det er en mer komplisert prosess for en nybegynnerbruker (prosedyren er forklart i detalj i Mastering EOS-boka).

I tillegg, med denne kombinasjonen av Eosfinex med Wombat-lommeboken, vil brukere kunne få tilgang til sentralen direkte uten spesielle problemer, og deretter bytte eller gjenopprette de tokens de vil ha, til og med Bitcoin, takket være pBTC-ene som finnes på EOS-blockchain.

For å ha god desentralisert finansiering er det også viktig å ha god likviditet som administrerende direktør i Spielworks, Adrian Krion, minnet:

„Å fremme spredningen av DeFi er en viktig milepæl. Å bringe likviditet til sektoren er helt avgjørende for langsiktige ambisjoner, spesielt når det gjelder en banebrytende adopsjon av Bitcoin i EOS-blockchain. „

Wombat tillater derfor brukere å bli brakt inn i EOS-verdenen uten problemer, kommenterte Eosfinex leder for produkt- og forretningsstrategi, Steven Quinn:

“Vi er veldig glade for å ha integrert Wombat. Wombat har et sterkt fellesskap og er utrolig enkelt å bruke i EOS-rommet ved å tilby gratis EOS-kontoer til nye brukere. Vi er glade for å tilby eosfinex-likviditet til Wombat-samfunnet ”.

What’s next for Ripple and the SEC?

Ripple’s XRP fell after the SEC announced a lawsuit against them.

Some crypto exchanges have removed the token to avoid scrutiny.

Suspicions of embezzlement are growing in the community

After one of the most anticipated airdrops in crypto history, XRP is under the control of the US federal government. With prices falling and exchange write-offs, XRP is facing trials like never before.

On December 22, 2020 , Bitcoin Lifestyle announced that they expected legal action to be filed against them by the US government. The Securities and Exchange Commission (SEC) was to argue that XRP, Ripple’s token, was a security. Since Ripple sold its token without going through official channels, this meant that XRP was being sold illegally. A day later, the SEC officially accused Ripple of illegally raising $ 1.3 billion.

However, the validity of the trial does not depend on the definition of XRP. According to the lawsuit, the XRP fundraiser turned out to be an illegal sale of a security. If it’s proven that XRP is a currency – as Ripple claims – rather than an asset, then Ripple could be exonerated.

Although the surprise announcement caused the value of XRP to drop, there were already some warning signs.

It didn’t come out of nowhere

Ripple Labs officials have been warning for some time of possible friction with US regulators. Truth be told, on December 3, 2020, Ripple CEO Brad Garlinghouse appeared on CNN and said that the regulatory status of XRP was unclear. At the time, Garlinghouse expressed concern about the company’s ability to operate in the United States. However, he added that only 5% of Ripple’s customers are located in the United States.

Other major cryptocurrencies, such as Ether ( ETH ) and Bitcoin ( BTC ), have been explicitly labeled as non-securities by the SEC. The XRP , which according Ripple, will be used for large financial transactions, could easily be considered a currency. Until the lawsuit was made public, there was no reason to say for sure that the SEC would attempt to label XRP in this way.

And yet, she did. As a result of this announcement, the price of XRP fell 36% in one day, falling to as low as $ 0.27 as of December 24. Its recent highs had been around $ 0.79.

As instituições ‚parecem ter perdido‘ no rali do Bitcoin para um novo recorde histórico: relatório

Os investidores institucionais parecem ter geralmente perdido a recuperação do bitcoin para uma nova alta histórica acima de US $ 24.000, enquanto os investidores de varejo estavam alavancando suas posições compradas, as instituições estavam cortando as suas e realizando lucros.

De acordo com um relatório publicado pela OKEx Insight , os contratos em aberto atingiram um novo recorde de US $ 8,9 bilhões no fim de semana, e a OKEx liderou com US $ 1,6 bilhão em contratos em aberto.

Da mesma forma, os swaps perpétuos do BTC viram seu preço de mercado exceder o preço do índice à medida que as taxas de financiamento atingiam um novo máximo

De acordo com o OKEx Insight, as taxas de financiamento excessivas indicam uma alavancagem crescente no mercado, o que implica que os investidores de varejo que negociam em bolsas de criptomoedas estavam alavancando suas posições compradas à medida que o preço do BTC subia para seu novo máximo histórico.

Citando dados da Chicago Mercantile Exchange, que terminou pouco antes do Bitcoin Future ultrapassar os US $ 20.000, a OKEx observou que os contratos em aberto „diminuíram consistentemente nos últimos três períodos de relatório“, o que „continua a mostrar que os investidores institucionais estavam realizando lucros e que, em grande parte, perdeu o último rali. ”

As posições compradas dos gestores de ativos, acrescenta o relatório, caíram de 544 para 492 antes da recuperação, enquanto as posições curtas aumentaram de m11 para 26

As posições compradas dos fundos alavancados diminuíram de 4.365 para 3.946, enquanto as posições curtas diminuíram de 9.354 para 8.702.

A OKEx Insight escreve que a queda dessas posições e o aumento das posições vendidas indicam que os gestores de ativos e fundos alavancados “falharam em antecipar o aumento dos preços” e julgaram mal o rompimento para cima do mercado, provavelmente acreditando que a resistência de $ 20.000 se manteria.

Conforme a data de liquidação de futuros e opções trimestrais está se aproximando, mais volatilidade no mercado é esperada, uma vez que um grande número de opções expirando pode levar o preço a se mover em direção ao ponto “Max Pain”, que é o preço de exercício com o contrato mais aberto coloca e chama.

O preço Max Pain, escreveu a OKEx, é de cerca de US $ 23.750, e um movimento em direção a ele “causaria perda financeira para o maior número de detentores de opções no vencimento.

Jim Cramer della CNBC spiega perché ha acquistato più Bitcoin intorno al livello di $ 17.000

Venerdì (11 dicembre), l’ex gestore di hedge fund Jim Cramer ha spiegato durante un’intervista perché in precedenza quel giorno aveva acquistato più Bitcoin.

Cramer è l’ospite dello spettacolo della CNBC “ Mad Money w / Jim Cramer „

È anche co-conduttore di “ Squawk on the Street “ della CNBC , nonché co-fondatore del sito di notizie finanziarie TheStreet .

Il 7 giugno 2017 , quando Bitcoin Trader veniva scambiato intorno a $ 2.800, dopo che su „Squawk on the Street“ era stato detto che il CEO di Business Insider Henry Blodget aveva predetto che un giorno Bitcoin sarebbe valso $ 1 milione, ecco come ha risposto Cramer:

“ Penso che [Bitcoin] potrebbe [raggiungere $ 1 milione] perché le banche europee stanno cercando freneticamente di acquistarli in modo da poter ripagare il ransomware. È un modo a breve termine per essere in grado di affrontare la sicurezza informatica. È il modo per ripagare i cattivi. “

Tuttavia, il 14 agosto 2018 , in un momento in cui Bitcoin era appena sceso al di sotto del livello di $ 6K, abbiamo scoperto che Cramer era passato dall’essere super rialzista a ribassista:

“ Penso che la marea si sia ribaltata … Non sto dicendo che il suo tempo è passato, ma si ha la sensazione che il sole stia tramontando. „

Quindi, il 10 settembre, Anthony Pompliano (alias „Pomp“), co-fondatore di Morgan Creek Digital e conduttore di “ The Pomp Podcast „, ha detto ai suoi quasi 370.000 follower su Twitter di aver convinto Cramer a compra un po ‚di Bitcoin (a quanto pare durante una recente intervista podcast con Cramer):

Venerdì, Cramer ha detto a Katherine Ross, corrispondente di TheStreet che aveva appena acquistato più Bitcoin, e ha spiegato perché:

„Sì, ho appena sentito che a $ 17 [k] sembrava un livello decente, e acquisterò – come faccio di solito – quando qualcosa scende. Diventerò sempre più grande e più grande.

“Penso solo che tu voglia diversificare in tutti i tipi di asset class. Ho l’oro. Ho intenzione di diversificare in alcuni Bitcoin – non una posizione importante per me – ma è certamente importante essere diversificati, e Bitcoin è una risorsa e voglio avere un equilibrio di risorse „.

Trader- Ethereum will explode in value

Trader: Ethereum will probably explode in value compared to Bitcoin

  • Both Ethereum and Bitcoin today recorded significant declines against their USD trading pairs.
  • Previously, the benchmark crypto currency had reached an all-time high and posted a rejection at this level, indicating a fundamental weakness of the bulls.
  • However, ETH’s BTC trading pair has remained stable as the two digital assets have moved in lockstep down.
  • This is positive for Ethereum and one analyst comments that the current strength of ETH/BTC suggests that this trading pair could gain up to 180%.
  • This in turn would of course have a serious impact on Ethereum’s USD trading pair – and would strongly favour the bulls.

Ethereum and the aggregated crypto market have recently been affected by high volatility, mainly due to the fact that Bitcoin has not been able to breach the USD 19,000 cap.

The selling pressure, which was exerted overnight on the entire market, came about after Bitcoin Cycle made a renewed attempt to set new all-time highs. In the process, the benchmark crypto currency plummeted to $18,200 before finding significant support.

This triggered a shock wave across the market, with ETH plunging into the upper $500 region after having moved into the middle $600 region.

One trader still expects ETH to see serious uptrends in the near future, especially against its Bitcoin trading pair.

Ethereum struggles to gain further momentum

Currently, Ethereum is traded at the current price of 599 dollars. This represents a remarkable drop from the recent highs of almost $640, which were set in the heat of yesterday’s market-wide upswing.

The selling pressure that forced ETH below the $600 mark was solely due to Bitcoin’s refusal to sell at its $19,800 highs. BTC plummeted to $18,200 before finding serious buyer support.

It is no secret that Ethereum has lagged slightly behind Bitcoin in its recent uptrend, with the crypto currency still more than 50% away from its all-time highs.

However, one trader expects the tides to shift in favour of ETH again in the near future. He postulates that ETH could soon rise by up to 90-180% compared to BTC, as it has recaptured the 200-day EMA, broken an important trend line and tested demand.

„ETH | BTC: Imo the ETH Daily is preparing quite well for a bullish future. 200EMA recaptured, Major TL broken and retested, bullish kumo twist, demand tested. If this bullish energy is fed into the weekly and we break the 200W EMA, we are imo good for 90-180% profit against BTC“.

As long as Ethereum can keep up with Bitcoin in dollar terms in the coming days, this strength will last.

Will 100% Bitcoin (BTC) backed banks emerge?

On October 31, 2008, Satoshi Nakamoto published the famous document that will give birth a few months later to Bitcoin (BTC). Since then, the cryptocurrency environment has become much more democratic with the development of multiple platforms such as Coinbase, Binance or Kraken. Today more than ever, financial services (centralized and decentralized) seem to develop well, and augur a trivialization of exchanges. Will we see 100% Bitcoin-backed banks appear in the near future?

A gradual evolution and acceptance of cryptocurrencies

By certain legal relaxations, the involvement of institutional investors, and even of certain States, cryptocurrencies are more and more accepted in the economic environment.

In France already, since the Pacte law of 2019 , crypto-assets have acquired a legal framework and the status of providers of digital services has been created. Société Générale, through its subsidiary Forge, was thus able to issue 100 million euros of bonds rated AAA by Moody’s and Fitch through the Ethereum blockchain .

For its part, JP Morgan has launched its own blockchain and its own token, the JPM Coin and we could multiply the examples with the Singaporean bank DBS which is launching its own exchange , with the state of Wyoming, in the United States, which approves the status of crypto-bank for the exchange kraken and the Avanti group or with the ECB which has launched a vast online consultation on the use of the digital euro .

Bitcoin, the ultimate store of value instrument?

Bitcoin, a store of value? Even though its price is the most volatile on the foreign exchange markets? This may seem somewhat surprising. Still, it may well turn out that the mother of cryptocurrencies has all the attributes that made gold a global benchmark, and more.

First, the limit of 21 million units is a guarantee of confidence, even though gold was given a finite stock in the short term, the quantity of bitcoins tends towards a fixed value .

Then, and even despite certain jurisdictions , cryptocurrency is not a national currency, but rather a currency with a universal vocation , that is to say that its value does not depend on legal tender, but rather on its appreciation in the currency market.

Finally, where gold required transport costs and transit time, dematerialization is a major advantage since it responds to this double problem, namely lower transaction costs and ease of transport.

Thus, these combined elements help to make Bitcoin a pure store of value as envisioned by Satoshi Nakamoto .

MicroStrategy CEO Michael Saylor holds $235 million in Bitcoin

MicroStrategy CEO Michael Saylor commented on his Bitcoin ownership via Twitter. He said some people had asked him about it.

On 27 October 2020, Michael Saylor, CEO of MicroStrategy, twittered that he owned 17,732 Bitcoin. This represents a current value of $235 million. He stated that he purchased the Bitcoin at an average exchange rate of $9,882. He would therefore have a total cost of USD 175 million.

Taking into account the current Bitcoin exchange rate, Saylor would have made a profit of approximately USD 60 million. Saylor stressed that his company MicroStrategy had been aware of its personal Bitcoin holdings before investing in the crypto currency itself in August 2020. At that time, the company purchased 38,250 Bitcoins worth over $505 million.

The investment was a complete success for MicroStrategy. The company had one of its strongest quarters in recent years. In the third quarter, the company enjoyed its highest total revenue since 2016. With a profit of $19.8 million, the company posted an 11.6 percent increase over the previous year.

Michael Saylor is convinced of the crypto currency Bitcoin. During a recent interview, he said Bitcoin was the best money ever created.