Microstrategy Buys Big -How Will This Affect Bitcoin in the Long Run?
MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin☀️ and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $BTC
My opinion :
This is not a good outlook for the market in general and especially for entry - level investors . Whenever funds hoard coins , the market corrects itself .