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Monday

21 June 2021

MicroStrategy Intends to Invest Further in Bitcoin Amid Claims it is a Better Choice

MicroStrategy Intends to Invest Further in Bitcoin Amid Claims it is a Better Choice


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Saylor was one of the main promoters of cash conversion to Bitcoin, claiming that the relaxation of the inflation policy by theFederal Reserveconvinced him to invest the reserves of MicroStrategy.

This decision puts into consideration that gold will surge to new highs over the next year.

Troy Gayeski, co-chief investment office at SkyBridge Capital, stated that they are sticking to Bitcoin and general crypto due to more upside over a phone interview.

They are also more volatile; hence one can capture more profit from that compared to gold.

leader Elon Musk, whose tweets this year have contributed to major Bitcoin price changes, stated in May that they support cryptocurrencies over fiat.

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