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MicroStrategy CEO Explains Why Bitcoin Is ‘a Million Times Better’ Than ‘Antiquated’ Gold

MicroStrategy’s headline-grabbing bitcoin bet was a rational response to a macroeconomy in chaos, said Chief Executive Michael Saylor.Appearing Tuesday at CryptoX’s Bitcoin for Advisors virtual conference, Saylor shed new light on one of this year’s biggest cryptocurrency stories: his software company’s recent purchases of $425 million in bitcoin. That surprise September

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Most ‘organic’ Bitcoin pump in years — trader explains why a blow-off top is unlikely

Despite Bitcoin's (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons.The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and data showing that investors already took profit.Bitcoin is moving from exchanges

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Corporate giants may not follow MicroStrategy’s Bitcoin adoption play, Raoul Pal explains

Earlier this year, business intelligence giant MicroStrategy put $425 million of its treasury funds into Bitcoin (BTC). The move was largely seen as a big step in the right direction for mainstream Bitcoin adoption. MicroStrategy, with its CEO and founder Michael Saylor — a Bitcoin skeptic-turned bull — may not

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