3Sem.·

MicroStrategy: It's the sentiment that matters, not the sales

On the client side, there was considerable interest in whether $BTC (-0,98 %)Strategy’s position poses an existential risk to the asset class. It does not. Four percent of the supply is simply not enough to trigger a structural collapse—from a purely mathematical standpoint, this concern does not hold water.


However, the shift in market sentiment is particularly interesting. When Michael Saylor sold 32 #bitcoin —a man who once said he’d rather sell a kidney than his $BTC (-0,98 %) —the announcement alone initially triggered a 9.3% drop in the price. Not because of the volume—32 $BTC (-0,98 %) is negligible—but because of the signal it sent. Since then, Strategy has quietly sold 3,588 $BTC (-0,98 %) . The market seems to be getting used to it. The shock effect of $BTC (-0,98 %)Strategy’s sales is fading, and I expect this narrative to become increasingly less significant. The data so far already supports this.


You can invest in Bitcoin through the following vehicle: $BITC (-0,33 %)

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3 Commentaires

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3Sem.
The bigger question is: Who has Saylor's kidney? 🥩
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@Epi Me. It tasted stale. I wouldn't buy it again—or eat it.
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I’ve come to see it in a more positive light—that the market is no longer dragging sales down.
Ultimately, Bitcoin doesn’t need Saylor. But Saylor needs Bitcoin.
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