On July 30, Saylor shared another tweet, a more positive one, also mentioning Bitcoin. He cited a CNBC news message, which stated that during the recent Bitcoin 2024 conference, many companies committed to buying Bitcoin and adding it to their balance sheets as a strategic treasury asset.
These companies – no particular names were given, though – will be following MicroStrategy’s playbook. This behemoth has been acquiring BTC since August 2020 and is now holding a gargantuan chunk of 226,331 Bitcoin valued at a whopping $7.5 billion.
However, in general, he still believes that BTC is a speculative asset.
The large plummet was caused by the U.S. government, moving more than $3 billion worth of BTC confiscated from the Silk Road illegal online marketplace founded by Ross Ulbricht in 2012. It closed a year later, with its founder arrested and now serving two consecutive life sentences in prison.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
