MicroStrategy's Saylor is just like your regular Bitcoin buyer
Glassnodes's True Market Mean metric estimates the cost basis of all coins acquired on secondary markets. The firm claims that TMM is"one of the most accurate models available" for determining the aggregate on-chain acquisition price of the leading cryptocurrency.
Tron Skyrockets 80% to Hit New ATH: ReasonsAs reported by U.Today, MicroStrategy started the last month of the year with another stunning Bitcoin purchase, adding $1.5 billion worth of Bitcoin.The company's average purchasing price currently stands at $58,263, which is close to the average purchasing price of your average investor, according to Glassnode data. The aforementioned Glassnode metric could be used as a reference point in models that are based on the mean reversion theory. According to CoinGecko, the leading cryptocurrency is currently changing hands at $96,248, meaning that the price is 65% bigger compared to MicroStrategy's current purchasing price. In 2022, the price of Bitcoin fell well below MicroStrategy's average buying price. The company was briefly underwater, and there was some speculation about MicroStrategy potentially facing margin calls.that MicroStrategy could endure an 80% Bitcoin price crash. For the value of the company's assets to drop below its liabilities, the price of Bitcoin would have to crash below $19,000, which seems very unlikely.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. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today. XRP Could Drop Back Below $0.60, Predicts Analyst; Ancient Bitcoin Wallet Awakens With 10,817 Profit; 2,020,624,700 SHIB Burned in Just One Hour: Crypto News Digest by U.TodayAccelerate RWA & Digital Asset Growth: BiFinance Strategic Partnership with Dingyi Group XRP Could Drop Back Below $0.60, Predicts Analyst; Ancient Bitcoin Wallet Awakens With 10,817 Profit; 2,020,624,700 SHIB Burned in Just One Hour: Crypto News Digest by U.Today
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