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RE: Michael Saylor - The Bitcoin Chairman

in LeoFinance2 years ago (edited)

I think its a move to separate him and his personal beliefs away from MS and its share price. Its a PR move for micro strategy because at the moment he doesn't look so smart for going de gen at much higher prices. Bitcoin without musk and Saylour would not have actually hit 64k. The market is in state of being broken because too many people are looking at history and thinking it means guaranteed future. Markets dont work like that, they just dont, same reason nature doesn't work like that either. By the time something is painted in a chart and it looks obvious, its too late.

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These are great point. I haven't thought of it as a PR move or something that would benefit the company. I can see this helping the company. It seemed like Saylor wasn't interested in running the company anymore.

Saylor and Musk are good at spreading the word on social media. This and amount of money they invested definitely contributed in bringing bitcoin to its all time high prices. But don't you think there are many more saylors and musks who don't advertise their investments but are heavily invested in bitcoin and crypto?

So far bitcoin was always able to reach its previous all time high and make new highs. Why wouldn't it repeat the same thing again?