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

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.

user avatarMaria Fernandez

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

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.