• 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

Stablecoin Growth on Solana Enhances DeFi and Payment Applications

chest

The growth of stablecoins on Solana is expected to enhance DeFi lending markets and payment applications.

user avatarMohamed Farouk

Importance of Validator Voting in XRPL Governance

chest

Validator voting is crucial for determining the activation of proposed amendments in the XRP Ledger, impacting long-term network development.

user avatarTenzin Dorje

XRP Ledger Approaches Key Validator Voting Window

chest

The XRP Ledger is approaching a critical deadline for validator voting on proposed protocol amendments that could influence future network features.

user avatarAisha Farooq

Solana's Stablecoin Market Cap Hits $15 Billion

chest

Solana's stablecoin market capitalization has surpassed $15 billion, marking a significant milestone in the network's liquidity growth.

user avatarBayarjavkhlan Ganbaatar

Anchorage Introduces Native TRX Staking for Institutions

chest

Anchorage Digital has launched a new service for institutional clients to stake TRX directly from their custody accounts, allowing them to earn rewards from the TRON network without transferring assets out of a regulated environment.

user avatarElias Mukuru

Solana's Alternative Stablecoin Supply Hits 481 Billion

chest

Solana's alternative stablecoin supply has reached 481 billion, indicating a diversification of liquidity on the network.

user avatarDiego Alvarez

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.