US software company MicroStrategy announced today that it purchased 295 BTC with an average price of $ 33,808, paying $ 10 million. The development was announced by the company’s official website and CEO Michael Saylor.
With this purchase, the amount of Bitcoin held by the company reached 71 thousand 79 BTC, and the whole was purchased for 1 billion 145 million dollars with an average price of 16 thousand 109 dollars. 71,79 BTC is worth about $ 2.5 billion at current prices.
The company recently reported that it will buy more Bitcoin. On January 22, a further $ 10 million purchase was announced and 314 BTC was purchased with this amount.
MicroStrategy first started buying Bitcoin in August of last year. These purchases continued in September and beyond.
Bitcoin is being traded at $ 34,850 as of TSI 17.10.
Michael Saylor: Gold is dead, invest in Bitcoin
In addition, as we reported as Kriptokoin.com earlier today, Saylor gave the signal for BTC buying. The CEO attended an interview where he predicted gold would be left to die and everyone would turn to Bitcoin. Saylor warned investors not to be the last to leave gold, which he “sees as a dying asset”. Michael Saylor used the following statements on the subject:
“GOLD IS DEAD MONEY. BUY YOUR GOLD, BUY BITCOIN. BECAUSE OTHER PEOPLE WILL SELL THEIR GOLD AND WHEN THEY SPILL THE GOLD, YOU WILL BE THE LAST TO EXIT. “
Knowing the Important Milestones! Here is the Ambitious Gold and Bitcoin Forecast
Bloomberg Intelligence’s senior commodity strategist Mike McGlone once again made important predictions. Mike McGlone says investing in gold without holding Bitcoin can expose investors to market risks. Mike McGlone argues that Bitcoin should be in every gold investor’s portfolio.
In a rapidly digitalizing world, yellow metal itself is insufficient as a safe haven, Bloomberg Intelligence’s senior commodity strategist Mike McGlone said in a new interview with Stansberry Research. Mike McGlone adds the following to his comments on the subject:
WHEN I LOOK FURTHER IN A DIGITIZED WORLD, I SEE BITCOIN ADDED COMPETITION TO GOLD. BUT I SEE THAT THE BITCOIN IS NECESSARY TO BE IN THE SAME BUCKET, BECAUSE IF YOU ONLY HOLD THE GOLD, I FEEL THAT YOU ARE SOME BARE WITHOUT BITCOIN.
Commodity strategist emphasizes that Bitcoin is the “new version of gold”. Mike McGlone adds the following to his comments on the subject:
THE MOST IMPORTANT RISK FOR ANYONE WHO EXPECTED GOLD WITH FOUR EYES, I WOULD NOT SEE THE GOLD POSITIONS SITUALLY BARE IF IT IS NOT PAIRED WITH BITCOIN. BECAUSE BITCOIN IS THE NEW VERSION OF GOLD. AND I SEE IT, I FEEL. AND MOST OF THE INDICATORS SHOW THAT FLOWS GO IN THIS DIRECTION. SOME OF OLD PROTECTIVE GOLD INSECTS AND GOLD FUNDS DIRECTED TO BITCOIN. SENSIBLE. WHAT I WANT TO SAY, LETS LOOK TO THE FUTURE …
Mike McGlone: Bitcoin volatility is the lowest compared to other assets
SO WHEN PEOPLE SAY THAT THE BITCOIN FLUCTURE IS HIGH, YES, I AM SURE IT WAS ONLY 10 YEARS. WHAT I WANT TO SAY IS THE GOLD MIDDLE SINCE THE TIME. AND BITCOIN’S YEARLY DAMAGE IS AROUND 50. THIS IS A LONG-TERM MEASURE AND THIS IS THE SAME OF THE VOLATILITY LEVELS THAT GOLD TREATED AT THE TIME WHEN THE GOLD LIVED AN RALLY THAT LARGER. Hence, PEOPLE FOR ME ALWAYS APPEAR TO NEW SUMMITS WHEN BITCOIN IS CHANGED. THERE IS A LOT OF UNIQUE THINGS HAPPENING. BUT COMPARED TO OTHER ASSETS, VOILITY IS THE LOWEST LEVEL EVER…
Bloomberg analyst Mike McGlone stated and knew that Bitcoin will see $ 10,000 in early 2020. Mike McGlone gave the good news of $ 12,000 while the Bitcoin price was around $ 9,000 in recent months, and he knew that. Apart from these, the analyst has other successful predictions.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.