In particular, he commented on the world’s premium cryptocurrency losing more than $4,000 in less than one day. Markus is known for his jesting, playful and often sarcastic comments on cryptocurrencies, especially, when they plunge, as if supporting his attitude. He has never called Bitcoin a store of value, nor has he voiced any praise about his brainchild Dogecoin or any other crypto.
The deepest where Bitcoin plummeted last week was $91.860 and now BTC has managed to go even below that level.
Billy Markus sarcastically commented on that price plunge, sharing a chart with collapsing Bitcoin price and saying: “Happy Monday.”
His tweet sparked a discussion where multiple commentators took part, discussing the current Bitcoin plunge.
Now, the company’s crypto holdings have topped a whopping 450,000 BTC, which is the equivalent of $40,586,688,000. Thus, the company now holds 2.14% of the whole 21 million BTC supply. The most recent Bitcoin acquisition prior to today’s was made on January 5, when Saylor’s giant bought $101 million in Bitcoin.
The purchase was announced shortly before Bitcoin plummeted below the $91,000 price level.
Last year, Michael Saylor stated that MicroStrategy is going to hold Bitcoin “forever” and also voiced a prediction that in 10 years time BTC would take away part of gold’s market share. This would propel one Bitcoin to cost $13 million, he claimed.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
