Leading US Investor: MicroStrategy Is Too Aggressive in Buying Bitcoin
Leading US investor Jason Calacanis highlighted the move by MicroStrategy (MSTR), the world's largest Bitcoin (BTC) holding institution, which continues to purchase the digital currency in large amounts. Especially after MicroStrategy founder Michael Saylor said MSTR's ultimate goal is to have US$10 trillion worth of Bitcoin.
In contrast to Saylor, Calacanis said MicroStrategy's massive purchase action has had a negative effect on Bitcoin, making it less attractive in the future and destroying the Bitcoin game.
In addition, MicroStrategy's aggressive purchases should not be imitated by other institutions, because it could have a domino effect and cause many other investors to switch to other alternatives.
Additional information, according to the latest data, MicroStrategy currently owns US$43.4 million in Bitcoin and is the world's largest holder of the digital currency.
In fact, MicroStrategy has recently submitted a proposal to add Bitcoin through company shares and will soon hold a special shareholders' meeting.
