MicroStrategy's Saylor said that everyone would go "ballistic" if he sold Bitcoin
It is currently trading at $100,705 after reaching an intraday high of $101,177, according to CoinGecko data. Its market cap is approaching the $2 trillion mark once again. He said that the community would go"ballistic" if he decided to sell Bitcoin."They would never trust us ever again," Saylor added. Following its most recent purchases, MicroStrategy now holds a total of $42.5 billion worth of Bitcoin. Its average purchase price has now surpassed the $60,000 mark.
"If you show me a hedge fund that makes a billion dollars in an opaque, way I don't want to invest a dime in you," Saylor said. The controversial entrepreneur has added that he would rather invest a billion dollars in the way that he understands. As reported by U.Today, Bitcoin also managed to reclaim the $100,000 last week after Federal Chair Jerome Powell said that Bitcoin was competing with gold. "You should sell your gold. Gold is gonna get demonetized," Saylor added.
The cryptocurrency has enjoyed steady buying from institutions this year. However, it is still far from surpassing gold by market cap. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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