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MicroStrategy put another $1 billion into Bitcoin: What It Means?

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Filotasriza3
@filotasriza3
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All the crypto newbies out there, these past 2 days, may felt a little bit scares because they saw the prices of crypto falling down to even 20%-25%. I know that something like this in another case would mean that you are about to lose your money but not in the crypto world.

This is something that you can see each and every single day in the crypto world. You may even see altcoins to have a 1000% increase or decrease in a span of a day.

Fear not though, cryptos are here to stay and they have proven it. Especially now, that so many big names like Elon Musk, big funds and whole governments hold crypto, it will only go up in the following years.

One of these big funds is called MicroStrategy and made a big move today. They bought around 19k of bitcoin for $1 billion. To add to that their total bitcoin portfolio has around 90k of bitcoin. The total value of that btc they hold is close to $5 billion dollars.

But what does that mean O wise one?

That means 2 things. First of all that bitcoin and cryptos, in general, are here to stay and the second and most important thing, for now at least, is that they gonna rise in price with the days, months and years pass.

There is not the slightest chance for a big fund to invest so much money, in something that there is going to fail or remain stable in price. Thus they believe or bet if you wish, that the price will keep on increasing!

In other words, don't fear and instead see this small decrease in prices as a discount for you to buy 10%-20% off! Ahh and Elon is again shilling for dogecoin.

I don't whether he is trolling, or he is doing that for people but dogecoin moves around 1-2 cents up. I say that for a smart guy like him, he most likely has a stash with a bunch of dogecoin waiting for the perfect chance to sell!

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