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Michael Saylor, cofounder and the executive chairman of Bitcoin-powered giant Strategy, has published a tweet, urging the community to accelerate its BTC exposure before it is too late to buy any Bitcoin.
Saylor's bullish Bitcoin urge
Saylor shared a table showing the degree of U.S. leading fund management companies’ exposure to spot Bitcoin exchange-traded funds (ETFs). Just five of the entities on the list have unrestricted exposure to Bitcoin ETFs – Fidelity, Charles Schwab, Wells Fargo, Mariner and Fisher Investments. Between the five of them, they have invested $19.149 billion in Bitcoin.
Companies with Bitcoin ETF exposure restrictions have $20,886 billion invested into the BTC-based product.
Saylor’s message is that this uncertainty of institutions may end quickly, by the time Bitcoin reaches $1,000,000: “By the time your financial adviser says it’s OK to buy Bitcoin, it’ll cost $1 million,” Saylor said. He believes that “when they say it’s a good idea, it’ll be $10 million.”
At the start of the week, Saylor’s company announced a massive Bitcoin purchase as it acquired 15,335 BTC for an astonishing sum of $1.42 billion in fiat. After adding that amount to its stash, Strategy now owns 553,555 BTC, worth approximately $37.90 billion.
Saylor reveals why Warren Buffett does not understand Bitcoin
During a recent interview with the head of research at the Bitwise Invest, Ryan Rasmussen, Michael Saylor was asked about his opinion on why such a renowned investor as Warren Buffett continues to reject Bitcoin as an investment asset.
Saylor responded that he believes Bitcoin to be a “paradigm shift,” likening it to the invention of electricity, radio waves and similar things. He is positive that BTC is likely to have a similar impact on the future of humanity, and he said that you can hardly blame people living in 1890 who were unable to appreciate the future potential of electricity.
Bollinger Bands promise major Bitcoin price move
Popular cryptocurrency trader and analyst Ali Martinez has shared a BTC chart, showing that the world’s largest cryptocurrency may be in for a major price move. This chart shows a Bollinger Bands squeeze on the four-hour chart.
This is a tech analysis tool that indicates a period of low volatility and a potential for a large price increase. Therefore, Martinez expects that “a major price move could be just around the corner.”
Vladislav Sopov
Dan Burgin