The Michael Saylor Bitcoin Bounce
hive-167922·@rollandthomas·
0.000 HBDThe Michael Saylor Bitcoin Bounce
<center></center> MicroStrategy is the only enterprise analytics and mobility platform. The platform supports interactive dashboards, scorecards, highly formatted reports, ad hoc query, thresholds and alerts, and automated report distribution. By taking advantage of a business intelligence called relational online analytical processing (ROLAP), MicroStrategy emerged as a global leader in enterprise analytics and mobility software. But now MicroStrategy has emerged as a Bitcoin ETF, I mean a Bitcoin investment company, I mean a technology company that just holds bitcoin as a treasury reserve. And I must acknowledge, his timing is impeccable. In August and September, MicroStrategy bought $250 Million worth of BTC and $175 Million worth of BTC, respectively. And at the time, Bitcoin was trading under $11,000.  <blockquote> Michael Saylor, the chief executive of the world’s largest publicly traded business intelligence firm, is revealing how Bitcoin could meteorically rise by 100x from its current valuation. On a fireside chat with Binance founder Changpeng Zhao, the MicroStrategy head says Bitcoin needs to transform its old narrative of being a volatile, speculative asset suitable for investing 1% or 2% of one’s capital into being the ultimate safe-haven and store-of-value asset. “The speculative narrative was predominant before March, but that’s not going to appeal to 99% of the investors or the money in the world. They want something different. They want, ‘Bitcoin is the ultimate synthetic, long-term treasury reserve asset. It’s an engineered safe-haven asset engineered to be superior to gold in all aspects of bearer instruments that’s a store of value.’ And if I go from one to the other, then I’m not talking about getting 1% of the money from 1% of the investors. I’m talking about getting 50% of the money from 100% of the investors.” </blockquote> <center><a href="https://dailyhodl.com/2020/12/13/michael-saylor-explains-how-bitcoin-could-surge-10x-to-100x/">Source</a></center> MicroStrategy's stock price has since has doubled as Bitcoin has gone up almost 100%. But MicroStrategy is just getting started. This past week, MicroStrategy announced plans to offer $400 million of convertible bonds in order to buy more of the cryptocurrency. Despite the stock getting downgraded this past week, accredited investors fell over their own feet trying to get MicroStrategy money. Not only did they raise the full amount, but they raised a total of over $600 million in two days. Once again, Michael's timing is impeccable, now Coinbase was attempting to buy over $600 million worth of bitcoin without stirring up the Market, but with bitcoin flying off of exchanges, Michael couldn't help it this time.  This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions. <p> <br /> <img src="https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png" /><br /> </p> <p>LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. 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