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The Crypto Market Crashed. They’re Nonetheless Shopping for Bitcoin.

TechThe Crypto Market Crashed. They’re Nonetheless Shopping for Bitcoin.

“In the event you name out somebody’s dangers they’re taking, and so they’re in any other case wholesome, you may be accused of making a run on the financial institution or being a troll,” stated Michael Saylor, the chief government of MicroStrategy, a software program firm that has constructed up a big Bitcoin reserve. “It’s type of onerous to elucidate this theoretically earlier than the crash occurs. However now it’s occurred.”

In 2020, Mr. Saylor introduced that MicroStrategy would start stockpiling Bitcoin because it had “extra long-term appreciation potential than holding money.” On the finish of June, the corporate had 129,699 Bitcoin, purchased for just below $4 billion, in response to S.E.C. filings. (With Bitcoin’s current drop in…


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