DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Download on the App Store
Screenshot of DeepNewz app showing story detail view.
Aug 10, 11:10 AM
MicroStrategy’s Saylor Signals Fresh Bitcoin Buy After Bullish Forecast
Stocks
Markets
Business
Crypto

MicroStrategy’s Saylor Signals Fresh Bitcoin Buy After Bullish Forecast

Authors
  • Bitcoin Magazine
  • Coin Bureau
  • Kyle Chassé / DD🐸
6

MicroStrategy Executive Chairman Michael Saylor said Bitcoin remains the "lowest-risk, highest-return" asset and predicted the cryptocurrency will outperform the S&P 500 "over the indefinite future." He cited internal estimates showing more than 160 companies now hold Bitcoin on their balance sheets, up sharply from six months ago. Saylor also reposted the company’s public Bitcoin-holdings tracker, a move that has preceded purchase announcements in the past and fuelled speculation that MicroStrategy may add to its 226,331-coin reserve as soon as tomorrow. The firm, already the largest corporate holder of Bitcoin, has spent more than $8 billion on the token since 2020.

Written with ChatGPT .

Additional media

Image #1 for story microstrategys-saylor-signals-fresh-bitcoin-buy-after-bullish-forecast-f09e7b58
Image #2 for story microstrategys-saylor-signals-fresh-bitcoin-buy-after-bullish-forecast-f09e7b58
Image #3 for story microstrategys-saylor-signals-fresh-bitcoin-buy-after-bullish-forecast-f09e7b58
Image #4 for story microstrategys-saylor-signals-fresh-bitcoin-buy-after-bullish-forecast-f09e7b58