Is it good or bad that MicroStrategy now owns 140,000 Bitcoin?
Earlier today it was reported that MicroStrategy now owns 140,000 Bitcoin, but is this a good thing or a bad thing? A lot of the crypto community embrace Michael Saylor’s support of Bitcoin, but how is this not centralisation? We all see how incredibly well this investment will pay off for MicroStrategy, but it’s already enough to cause significant market volatility, and I don’t see MicroStrategy ceasing further accumulation, which will only give them a greater ability to control the market.
So, is this a good thing or a bad thing?
I got this,...
I think it's a good thing until they start selling them to lock in profits. They realise the damage they will do to all the people if they sell all the bitcoins at once.
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