Erik Voorhees Praises MicroStrategy's Big Bitcoin Purchase

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ledger Halts Sales Amid Fund Loss Investigations

Ledger has paused sales and shipments of its hardware wallets after reports of fund losses from customers in Southeast Asia who purchased devices from CryptoBilis.

user avatarJesper Sørensen

Project Eleven and Quantus Collaborate on Strongpoint for Future Crypto Custody

Project Eleven has partnered with Quantus to enhance crypto custody solutions through the integration of the Quantus Network into Strongpoint, targeting support for post-quantum cryptography by Q1 2027.

user avatarRajesh Kumar

Sui and Alibaba Cloud Collaborate on AI Agent Payment Integration

Sui and Alibaba Cloud are developing a payment model for AI agents to autonomously pay for cloud services using stablecoins.

user avatarLucas Weissmann

Moscow Exchange to Launch Cryptocurrency Trading on December 1

Moscow Exchange is set to begin offering cryptocurrency trading on December 1, 2023, following a new regulatory framework in Russia.

user avatarFilippo Romano

OSL Group Launches Tokenized USDGO Plus SP Fund

OSL Group has successfully tokenized the USDGO Plus SP fund, providing custody and distribution through its licensed platform in Hong Kong.

user avatarEmily Carter

PowerCompute Increases Bitcoin Production While Reducing Debt

PowerCompute mined 81 BTC in September 2023, a 37 BTC increase from last year, while reducing its secured debt from $237 million to $125 million.

user avatarKaterina Papadopoulou

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.