Microstrategy went shopping again

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Hi,

on the fake LTC move from yesterday, which might trigger higher regulations, I've almost missed the interesting news, that Microstrategy bought another 5050 BTC.

Well, this is again great news, as it shows that people have trust on BTC, which has been fairly stable the past couple of months. Stable for crypto, of course, as there have been some fluctuations.

5050 BTC are not cheap, and it seems that some big players understand the intrinsic value of crypto. Even if BTC is not usable as a legal tender, it can be used as a value of storage. Where would you put your retirement money, in the USD or in a crypto?
For me the answer is clear, and I think that this guys, are doing it right, offering the normal people a place to invest in crypto, even if it is at a premium.

If I lived in the USA, I would invest my pension money into crypto.

I hope that bigger players get into the bandwagon and start buying crypto, especially alts, to have a nice Christmas present for the end of the year.

Imagine only 5% of the money locked in stocks. That would be huge!

I see it also good, that crypto can be turned in stocks, or at least vouch for them.

How do you see the buy? Also, the big fish buying huge amounts of crypto?

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7 comments
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My retirement money is definitely going to be in crypto, Michael Saylor and El Salvador keep pushing Bitcoin forward, with what they do.

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Investing in Crypto currency is a good thing.i started investing since the time of MMM.Is good to invest in Crypto currency

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Its true, some people are serious about crypto now. Glad that you spoke about the intrinsic value. Crypto is finding new base, the financial institution won't write off crypto soon. ETH 2.0, Cardano will bring more institutions onboard.

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If I were making $80K a year I would also put 40% in crypto and wait to see how it grows in months.

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To be honest with you, I think that we are still in that tug of war phase, that is, people coming en masse through the fomo and a very tiny part of the people who really believe and continue to support this world every day. At the end of the day, how many people (not counting Leofinance or cryptocurrency blogs clearly) tell you about something interesting that they have studied new and what they are getting involved in? not much, because the majority of people follow this hype that triggers volatility, which leads to a mass movement to buy because something is going up. What is clear is that brilliant minds will continue to accumulate and adopt Bitcoin as the impact on society will be brutal in the next decade.

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