• 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

CZ Zhao Issues Warning on Hardware Wallet Security Following Major Exploit

chest

CZ Zhao warns cryptocurrency owners about hardware wallet vulnerabilities following a major exploit that resulted in significant losses.

user avatarEmily Carter

Upbit Conducts Major Internal Wallet Reorganization of SHIB

chest

South Korean exchange Upbit has reorganized 864 billion SHIB across its internal wallet addresses as part of a standard internal rebalancing process aimed at managing liquidity and security.

user avatarTomas Novak

Avalanche Staking Value Reaches $20.477 Billion

chest

Avalanche's staking value has reached approximately $20.477 billion, indicating strong network participation.

user avatarMaya Lundqvist

Helicon Upgrade Activated on Fuji Testnet

chest

The Helicon upgrade has been activated on the Fuji testnet, marking a significant step in Avalanche's development.

user avatarKaterina Papadopoulou

Avalanche Awards Grant to YourGrails for Tokenization of Physical Trading Cards

chest

Avalanche's Team1 Accelerator awarded a $30,000 grant to YourGrails for tokenizing physical trading cards, supporting the growth of the real-world asset ecosystem.

user avatarLeo van der Veen

Aave Governance Considers Wind Down of Low-Use V3 Markets

chest

Aave governance is reviewing a proposal to wind down six low-adoption V3 markets and offboard dozens of reserves to reduce operational complexity.

user avatarLi Weicheng

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.