Home CryptoBitcoin Bullish on Bitcoin

#bitcoin #digital #assets #bullish


Bitcoin is Bullish and set up to mark new highs over the next few months”— Paul Ebeling

Our indicator is flashing a buy signal. This indicator is generated from current investor sentiment in an asset class. Now more than 50% of investor survey respondents will consider investing in bitcoin and 23% already have.

Adoption is happening and accelerating.

Corporate entities have started entering the cryptocurrency market, but none of them is as bullish as MicroStrategy.

MicroStrategy Leads the Way In Terms of Bitcoin Investment

MicroStrategy (NASDAQ:MSTR) has shown again why it is the most bullish corporate entity currently present in the cryptocurrency space.

Michael Saylor spearheaded the company’s entry into the cryptocurrency market, and MicroStrategy has been hungry for more ever since.

The company said last week that it had bought an extra 3,907 BTC for a total of $177-M. Following this latest development, MicroStrategy has now spent $2.91-B in buying bitcoins, and it now holds 108,992 BTC.

The average price of each Bitcoin is around $26,769. However, in Bitcoin’s current value, the 108,992 BTC represents approximately $5.3-B, implying that the company has recorded more than 70% profit since it started buying Bitcoins.

MicroStrategy is 1 of the biggest players in the cryptocurrency market. The company holds more bitcoins than any other corporate entity in the world.

The business intelligence software company started investing in Bitcoin last yr. Its entry convinced a few other companies, such as Tesla and SpaceX companies, to also buy bitcoin and hold them in their balance sheet.

MicroStrategy is playing the long game with Bitcoin, and Michael Saylor has the backing of the investors. He has been raising funds to buy more bitcoins, and investors have been more than willing to open their checkbooks and hand him what he wants. The company believes in Bitcoin’s future and is betting big on it.

Have a prosperous week, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.