• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Erik Voorhees Praises MicroStrategy's Big Bitcoin Purchase

user avatar

by Giorgi Kostiuk

2 years ago

  1. MicroStrategy's Large Bitcoin Purchase
  2. Max Keiser's Reaction to MicroStrategy's Purchase
  3. Bitcoin's Future Price Prospects


    4. Erik Voorhees, a renowned founder of Spaceshift and recently Venice AI, has published a post on the X platform to comment on the recent large Bitcoin purchase announced by MicroStrategy.

    MicroStrategy's Large Bitcoin Purchase

    This week, the company's executive chairman announced the acquisition of another significant batch of Bitcoin, greatly surpassing previous purchases this year. Voorhees noted that MicroStrategy added 18,300 BTC for $1.1 billion, bringing their total Bitcoin holdings to 244,800 BTC valued at $14,675,662,080. Voorhees characterized this purchase as a 'bold move,' emphasizing that Bitcoin's value continues to grow while MicroStrategy continues its 'crusade' of accumulating BTC. He added that the value of the US dollar is quickly declining due to multiple cash printing rounds executed by the US government and the rapidly growing national debt of the country.

    Max Keiser's Reaction to MicroStrategy's Purchase

    Bitcoin maximalist and official BTC advisor to the president of El Salvador Nayib Bukele, Max Keiser, also praised Michael Saylor and MicroStrategy's decision to increase their bet on Bitcoin. In his tweet, Keiser called Saylor 'employee of the month.'

    Bitcoin's Future Price Prospects

    Earlier this week, Michael Saylor appeared on CNBC's Squawk Box to discuss Bitcoin with the hosts. During the discussion, he stated that thanks to the Bitcoin strategy undertaken by MicroStrategy four years ago, the company is currently outperforming all other players within the S&P 500 index by share price increase. Saylor also shared his bullish expectations, saying that in 21 years, Bitcoin may skyrocket to $10 million per coin. Notably, a similar prediction was made in 2009 by the late cypherpunk legend Hal Finney, who received the first Bitcoin transaction from the mysterious Satoshi Nakamoto.

    Erik Voorhees and Max Keiser commended MicroStrategy's large Bitcoin purchase, viewing it as evidence of further BTC price growth against the weakening US dollar.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Set for Potential Increase

chest

Bitcoin's price is projected to rise, with long-term holders anchoring the market at higher levels.

user avatarRajesh Kumar

Mississippi College School of Law Introduces Mandatory AI Course for First-Year Students

chest

Mississippi College School of Law mandates a course on artificial intelligence for first-year students, reflecting the growing importance of AI in the legal field.

user avatarMiguel Rodriguez

Legal System Faces Challenges with AI Integration Amid Court Rulings

chest

The integration of artificial intelligence in the legal system is facing significant challenges due to recent court rulings, including concerns about the reliability of AI-generated information and the lack of attorney-client privilege for conversations with AI chatbots.

user avatarLuis Flores

Michael Arrington Highlights XRP's Role in Crypto Infrastructure Development

chest

Michael Arrington discusses the limitless potential of the XRP ecosystem and Ripple's role in developing essential infrastructure for the crypto industry.

user avatarArif Mukhtar

New York Takes Legal Action Against Coinbase and Gemini for Gambling Law Violations

chest

New York has filed lawsuits against Coinbase and Gemini for allegedly violating state gambling laws by offering prediction markets.

user avatarMaria Gutierrez

New York AG Letitia James Sues Coinbase and Gemini Over Illegal Gambling

chest

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini for allegedly operating illegal prediction markets without the necessary licenses.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.