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  • Analyst says CPI could be big market mover

    Analyst says CPI could be big market mover

    • Bitcoin price hovers above $28k with a ranged trading over the past month.
    • Analyst Michael van de Poppe says the US consumer price index report out this week could be a big market mover.
    • Bitcoin’s volume weighted average price (VWAP) is a metric to also watch.

    Bitcoin price continued its ranged trading this past weekend, with bulls retesting the $28,500 area. As the week starts, the top cryptocurrency could see an injection of volatility.

    Indeed, crypto analyst Rekt Capital says bitcoin remains “well positioned for mid- to long-term upside”, particularly as the cryptocurrency moves towards its next halving event. 

    But what about the next few days? Below is what analysts say about Bitcoin price this week.

    Bitcoin price prediction ahead of CPI data this week

    According to crypto analyst Michael van de Poppe, BTC is still in consolidation – which has stretched from around mid-March. But with big economic news on the cards this week, the market could be in for a bit of movement.

    In a comment on Bitcoin price he shared on Monday, van de Poppe said the upcoming Consumer Price Index (CPI) data expected on 12 April is a “big event this week.” 

    If buyers manage to retest the $28,600 level, its likely BTC will break higher.

    “Bitcoin is still stuck in the range. Good move overnight to $28,500 and back to consolidation. Big event this week with CPI, probably the market mover. If another test of $28,600 takes place, I’m assuming we’ll be breaking out upwards,” the analyst noted.

    Here is the analyst’s Bitcoin price chart.

    Trading volume metric and BTC price outlook

    Pseudonymous analyst bitcoindata21 also says the CPI news this week will likely be a major market catalyst. However, he also highlights Bitcoin’s Volume Weighted Average Price (VWAP), which he says currently sits on the benchmark cryptocurrency’s all-time highs.

    VWAP takes into account the average price of a trading asset as weighted by its total trading volume. 

    The metric helps analyse and forecast price movement based on the average value over a given period. In this case, bitcoindata21 highlights the 30-day VWAP on 15 April, with a potential upward crossing on 13 April.

    The chart below bitcoindata21 shared on Twitter shows a comparison of the 2019 and 2023 price movements.

    Bitcoin price VWAP historical data outlook comparing 2019 and 2023. Source: bitcoindata21 on Twitter.


    The 1-month sideways trading along the VWAP is similarly positioned as was in 2019 before BTC went on to hit a new all-time in the last bull market.

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  • Dogecoin | DOGE Remains One Of The Most-talked About Cryptocurrency

    Dogecoin | DOGE Remains One Of The Most-talked About Cryptocurrency

    The live Dogecoin price today is $0.083272 USD with a 24-hour trading volume of $478,454,841 USD. Get detailed Dogecoin price news, analysis and more on BitcoinLFG.

    Dogecoin is an open source peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers.

    DOGE Remains One Of The Most-talked About Cryptocurrency

    Dogecoin remains a popular digital asset, with a dedicated community of supporters and investors.Dogecoin may indeed become the currency of Twitter for tipping content creators and for making micropayments.Dogecoin has been the talk of the town since the Twitter logo changed. Dogecoin was the top-performing altcoin this week as Twitter, the micro-blogging platform owned by the meme coin’s biggest advocate, changed its app’s logo to feature that of the Shiba Inu-themed cryptocurrency.

    The price had surged by 30% just after the Twitter’s logo was changed to DOGE. Twitter’s iconic bird logo was replaced by the internet-famous Doge.On April 3, Twitter’s usual logo depicting a blue bird was changed for a Dogecoin logo. This pushed the price of the meme coin way up, adding more than 30% overall.The price of Dogecoin (DOGE) has steadily increased over the years, and it is anticipated that Dogecoin (DOGE) will continue to dominate the memecoins.

    Dogecoin has remained a popular tipping coin. With its status as the first meme coin and the support of influential figures, it currently ranks among the top 10 largest cryptocurrencies by market capitalisation.Dogecoin (DOGE) continues to hold a large presence in the crypto market.Dogecoin (DOGE) has formed a strong online community since its introduction, and captured the world’s attention when Tesla founder, Elon Musk, showed public support for it.

    RELATED READING : Dogecoin | DOGE Remains A Popular Digital Asset

    Dogecoin is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.Dogecoin has a number of unique features compared to other cryptocurrencies.Dogecoin has no limit on the number of coins that can be mined. Dogecoin (DOGE) transaction speeds and cheap transaction fees are two of its advantages, making Dogecoin (DOGE) a preferred alternative for micropayments and minor transactions.Dogecoin is also known for its friendly and welcoming community.

    The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.Each time Elon Musk mentions cryptocurrency adoption on Twitter, there is a significant surge in transactions and purchases of DOGE.

    WHAT IS DOGECOIN?

    Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.

    BitcoinLFG | MemeCoin Platform

    BITCOINLFG IS THE BIGGEST PLATFORM WITH 100,000+ APP USERS AND 110K+ FOLLOWERS ON TWITTER WITH MILLIONS OF VIEWERSHIP.LEARN ABOUT MEMECOINS, FIND NEW COINS AND MUCH MORE.CHECK YOUR FAVORITE MEMECOINS ON BITCOINLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Child Support Global | Crypto Project Aiming To Help Children Around The World

    Child Support Global | Crypto Project Aiming To Help Children Around The World

    Child Support Global is a real organization that cares for children around the world.

    Child Support Global Is A Crypto Project Aiming To Help Children Around The World

    Child Support Global has a Market Cap of 2M and Max Supply of 21B.

    The Crypto Project is listed on Bitmart and has made 16 donations so far.

    Child Support Global is tackling a unique problem in the form of bridging the gap between crypto and charities.

    Child Support aims to create a moderate platform for both trading of NFT and a transparent charity platform.

    They have helped more than 65,000 children to overcome trauma, poverty and lack of education.

  • BabyDogeCoin | BABYDOGE Is Now Available On Deepcoin Spot Trading!

    BabyDogeCoin | BABYDOGE Is Now Available On Deepcoin Spot Trading!

    The live BABYDOGECOIN price today is $2.57e-9 USD with a 24-hour trading volume of $8,317,447 USD. Get detailed price news, burns, twitter news, analysis and more on BitcoinLFG.

    BABYDOGECOIN is a hyper-deflationary token designed to become more scarce over time. BabyDoge’s primary utility is “building a fun meme community to spread awareness of animal adoption”.BABYDOGE is the number 1 Meme built on BNB! Saving dogs, Farming, AMM, swapping & staking.

    BABYDOGE Is Now Available On Deepcoin Spot Trading!

    Deepcoin_Daily is based in Singapore giving BABYDOGE exposure to a 1 million + new users in Asia. Deepcoin is a fast-growing centralized exchange that allows users to trade in 30+ different currencies and 100+ cryptocurrencies. It is based in Singapore giving baby doge exposure to a 1million+ new users in Asia. BabyDoge is now available on Deepcoin spot trading. You can buy and sell with 0% trading fees.

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.BitcoinLFG is going to release the biggest crypto magazine.BabyDogeCoin Will Be Featured On BitcoinLFG Most Influential Crypto Magazine.BitcoinLFG’s Most Influential Crypto Magazine will be released on Today.BitcoinLFG Magazine Featuring BABYDOGE will go live on Amazon.com also.

    BabyDoge Community shared their Weekly Recap.BabyDoge Community has also shared their very first game.The first game to play with BabyDoge will be a classic game of chess.The new Baby Doge Chess game is in the final stages of development and testing before going live. In this game players will be able to compete against each other to win BabyDoge.Presumably, chess will be the first of multiple games launched on the Baby Doge platform, providing opportunities to increase user engagement and new utility for BabyDoge.

    RELATED READING : BabyDogeCoin | MOST-MENTIONED BNBCHAIN PROJECT ON TWITTER

    BABYDOGECOIN BURNS AND HOLDERS:

    In the past 24 hours,495,766,592,251.49 (~$1,203.72) BABYDOGE tokens have been burned. So far, 204,896,562,723,841,024.00 (~48.785%) BABYDOGE tokens have been burned from the total supply of 420,000,000,000,000,000.

    Also 6,000+ new holders joined BabyDoge Community in the last 7 days and now the total number of holders of BabyDoge stands at 1,721,281.

    What is BabyDogeCoin ?

    Baby Doge Coin (BABYDOGE) is a BEP-20 meme cryptocurrency built on BNB Smart Chain as a spin-off from the popularity of Dogecoin. Created by the vibrant Doge community, the token is seen as an improvement over Doge in terms of speedy transactions and a hyper-deflationary design to ensure scarcity.

    Furthermore, Baby Doge has launched Baby Doge Swap to facilitate token swaps and increase the utility of its native token. The project has also launched its Baby Doge NFT collection. BABYDOGE has an all-time high (ATH) of $0.000000006345 , recorded on Jan 17, 2022.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Shiba Inu | 17,804,606 SHIB Burned In The Last 24 Hours

    Shiba Inu | 17,804,606 SHIB Burned In The Last 24 Hours

    The live Shiba Inu price today is $0.000011 USD with a 24-hour trading volume of $175,034,243 USD.Get detailed Shiba Inu cryptocurrency price news, analysis and more on BitcoinLFG.

    SHIB is the main token of Shiba Ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe.

    17,804,606 SHIB Burned In The Last 24 Hours

    Shiba Inu (SHIB) burn rate jumped as much as 35,508%, as the SHIB burn website reports 17,804,606 SHIB burned in the last 24 hours.Moreover Shibarium’s beta release marks a significant development for the Shiba Inu community and the broader crypto market.

    With quicker and cheaper transactions, staking rewards, and a DEX supporting SHIB and other ERC-20 tokens, Shibarium has the potential to transform the Layer 2 solutions landscape.The Shibarium potential is enormous as it is expected to revolutionize the Shiba Inu ecosystem and the crypto space.The Shibarium project will help Shiba Inu evolve into more than a memecoin.

    RELATED READING: Shiba Inu | Whales Keep Purchasing Massive Amount Of SHIB

    Users can access Shibarium’s test tokens through private test network portals.The SHIB army expects the release of Shibarium to push the price of SHIB up as tons of Shiba Inu tokens will be burned for every transaction.One of the goals of the hotly anticipated Shibarium Layer 2 solution is to burn trillions of tokens.As more users transfer, pay or utilize Shiba Inu in any way, more tokens are sent to the burn address.

    What is Shiba Inu?

    Shiba Inu 0is a cryptocurrency that was created in 2020 by a mysterious person who calls themselves Ryoshi. The name ‘Shiba Inu’ was stolen from the fluffy dog that was the subject of many memes at the time.The coin started as a joke it was meant as a kind of parody of Dogecoin, which was rising fast in both price and popularity despite having little use in the real world. In fact, Shiba Inu called itself a “Dogecoin killer.”

    Shiba Inu runs on the Ethereum blockchain, and while each token or coin is worth just a fraction of a cent, the price went wild in 2021 turning a few early investors into millionaires.While prices have gone back down from whence they came, it still remains one of the most popular cryptos.The Shiba Inu development team is currently busy working on two major projects: SHIB Metaverse and the much-awaited Layer 2 protocol, Shibarium.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Dogecoin | DOGE Remains A Popular Digital Asset

    Dogecoin | DOGE Remains A Popular Digital Asset

    The live Dogecoin price today is $0.082944 USD with a 24-hour trading volume of $1,462,602,254 USD.Get detailed Dogecoin price news, analysis and more on BitcoinLFG.

    Dogecoin is an open source peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers.

    DOGECOIN Remains A Popular Digital Asset

    Dogecoin remains a popular digital asset, with a dedicated community of supporters and investors.Dogecoin may indeed become the currency of Twitter for tipping content creators and for making micropayments.Dogecoin has been the talk of the town since the Twitter logo change. Dogecoin was the top-performing altcoin this week as Twitter, the micro-blogging platform owned by the meme coin’s biggest advocate, changed its app’s logo to feature that of the Shiba Inu-themed cryptocurrency.

    The price had surged by 30% just after the Twitter’s logo was changed to DOGE. Twitter’s iconic bird logo was replaced by the internet-famous Doge.On April 3, Twitter’s usual logo depicting a blue bird was changed for a Dogecoin logo. This pushed the price of the meme coin way up, adding more than 30% overall.The price of Dogecoin (DOGE) has steadily increased over the years, and it is anticipated that Dogecoin (DOGE) will continue to dominate the memecoins.

    Dogecoin has remained a popular tipping coin. With its status as the first meme coin and the support of influential figures, it currently ranks among the top 10 largest cryptocurrencies by market capitalisation.Dogecoin (DOGE) continues to hold a large presence in the crypto market.Dogecoin (DOGE) has formed a strong online community since its introduction, and captured the world’s attention when Tesla founder, Elon Musk, showed public support for it.

    Data from coin ranking site CoinMarketCap reveals that Dogecoin’s value currently stands at $10 billion.Dogecoin is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.Dogecoin has a number of unique features compared to other cryptocurrencies.Dogecoin has no limit on the number of coins that can be mined. Dogecoin (DOGE) transaction speeds and cheap transaction fees are two of its advantages, making Dogecoin (DOGE) a preferred alternative for micropayments and minor transactions.

    RELATED READING : Dogecoin | DOGE Was The Top-Performing Altcoin This Week

    Dogecoin is also known for its friendly and welcoming community. The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.Each time Elon Musk mentions cryptocurrency adoption on Twitter, there is a significant surge in transactions and purchases of DOGE.

    What is Dogecoin?

    Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • BabyDogeCoin | MOST-MENTIONED BNBCHAIN PROJECT ON TWITTER

    BabyDogeCoin | MOST-MENTIONED BNBCHAIN PROJECT ON TWITTER

    The live BABYDOGECOIN price today is $2.53e-9 USD with a 24-hour trading volume of $8,441,803 USD.Get detailed price news, burns, twitter news, analysis and more on BitcoinLFG.

    BABYDOGECOIN is a hyper-deflationary token designed to become more scarce over time. BabyDoge’s primary utility is “building a fun meme community to spread awareness of animal adoption”.BABYDOGE is the number 1 Meme built on BNB! Saving dogs, Farming, AMM, swapping & staking.

    BABYDOGE IS THE MOST-MENTIONED BNBCHAIN PROJECT ON TWITTER

    According to LunarCrash BabyDoge is the most mentioned BNBChain Project on Twitter with more than 35k mentions.In addition NavisToken partnered with BabyDogeCoin to lock 12% of their supply for 1 year.Navis’s mission is to produce breakthrough technologies in the field of Blockchain with Nanotechnology and artificial intelligence. Farming partner Chirpley has locked 1% of their token supply using the free Baby Doge token locker. They will additionally lock 3% more in 2023!

    BabyDoge Community has shared their very first game.The first game to play with BabyDoge will be a classic game of chess.The new Baby Doge Chess game is in the final stages of development and testing before going live. In this game players will be able to compete against each other to win BabyDoge.Presumably, chess will be the first of multiple games launched on the Baby Doge platform, providing opportunities to increase user engagement and new utility for BabyDoge.

    RELATED READING: BabyDogeCoin | NavisToken Partnered With BabyDoge

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.BitcoinLFG is going to release the biggest crypto magazine.BabyDogeCoin Will Be Featured On BitcoinLFG Most Influential Crypto Magazine.BitcoinLFG’s Most Influential Crypto Magazine will be released on 8th April. BitcoinLFG Magazine Featuring BABYDOGE will go live on Amazon.com also.

    BABYDOGECOIN BURNS AND HOLDERS:

    In the past 24 hours,4,095,056,467,916.75 (~$9,926.42)BABYDOGE tokens have been burned. So far,204,896,169,449,166,656.00 (~48.785%) BABYDOGE tokens have been burned from the total supply of 420,000,000,000,000,000.

    Also 6,658+ new holders joined BabyDoge Community in the last 7 days and now the total number of holders of BabyDoge stands at 1,720,882.

    What is BabyDogeCoin ?

    Baby Doge Coin (BABYDOGE) is a BEP-20 meme cryptocurrency built on BNB Smart Chain as a spin-off from the popularity of Dogecoin. Created by the vibrant Doge community, the token is seen as an improvement over Doge in terms of speedy transactions and a hyper-deflationary design to ensure scarcity.

    Furthermore, Baby Doge has launched Baby Doge Swap to facilitate token swaps and increase the utility of its native token. The project has also launched its Baby Doge NFT collection. BABYDOGE has an all-time high (ATH) of $0.000000006345 , recorded on Jan 17, 2022.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • Dogecoin | DOGE Was The Top-Performing Altcoin This Week

    Dogecoin | DOGE Was The Top-Performing Altcoin This Week

    The live Dogecoin price today is $0.089076 USD with a 24-hour trading volume of $1,360,031,419 USD. Get detailed Dogecoin price news, analysis and more on BitcoinLFG.

    Dogecoin is an open source peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers.

    DOGE Was The Top-Performing Altcoin This Week

    Dogecoin has been the talk of the town since the Twitter logo change. Dogecoin was the top-performing altcoin this week as Twitter, the micro-blogging platform owned by the meme coin’s biggest advocate, changed its app’s logo to feature that of the Shiba Inu-themed cryptocurrency.The price had surged by 30% just after the Twitter’s logo was changed to DOGE.

    Twitter’s iconic bird logo was replaced by the internet-famous Doge.On April 3, Twitter’s usual logo depicting a blue bird was changed for a Dogecoin logo. This pushed the price of the meme coin way up, adding more than 30% overall.The price of Dogecoin (DOGE) has steadily increased over the years, and it is anticipated that Dogecoin (DOGE) will continue to dominate the memecoins.

    Dogecoin has remained a popular tipping coin. With its status as the first meme coin and the support of influential figures, it currently ranks among the top 10 largest cryptocurrencies by market capitalisation.Dogecoin (DOGE) continues to hold a large presence in the crypto market.Dogecoin (DOGE) has formed a strong online community since its introduction, and captured the world’s attention when Tesla founder, Elon Musk, showed public support for it.

    Data from coin ranking site CoinMarketCap reveals that Dogecoin’s value currently stands at $10 billion.Dogecoin is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community.Dogecoin has a number of unique features compared to other cryptocurrencies.Dogecoin has no limit on the number of coins that can be mined. Dogecoin (DOGE) transaction speeds and cheap transaction fees are two of its advantages, making Dogecoin (DOGE) a preferred alternative for micropayments and minor transactions.

    RELATED READING : Dogecoin | DOGE Price Surged By 8% In The Past 24 Hours

    Dogecoin is also known for its friendly and welcoming community. The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.Each time Elon Musk mentions cryptocurrency adoption on Twitter, there is a significant surge in transactions and purchases of DOGE.

    What is Dogecoin?

    Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.

    BitcoinLFG | MemeCoin Platform

    BitcoinLFG is the biggest platform with 100,000+ app users and 110k+ followers on Twitter with millions of viewership.Learn about MemeCoins, find new coins and much more.Check your favorite Memecoins on bitcoinLFG.

    Cryptocurrency is fun here.

    Twitter : https://twitter.com/bitcoinlfgo

    E-mail : team@bitcoinlfgo.com

  • 1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense

    1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense

    Key Takeaways

    • MicroStrategy has purchased another thousand Bitcoin, taking their holdings to 140,000 at an average price of $28K
    • The total investment is now $4.2 billion, with the company’s fate tied to the Bitcoin price
    • CEO Saylor remains ultra-bullish, but has no regard for risk management
    • For investors, someone may as well just purchase Bitcoin directly

    MicroStrategy is at it again. 

    The software company, which is now essentially a Bitcoin-holding company, has purchased another 1,045 Bitcoin. The company now holds 140,000 coins, with Michael Saylor’s now-trademark Twitter post announcing the latest investment to the world Wednesday. 

    MicroStrategy’s 140,000 stash of Bitcoins is the largest holding of any public company. It constitutes 0.72% of the entire supply, meaning they own 1 in every 138 Bitcoins currently in circulation. 

    A long way to go to Satoshi Nakamoto and his/her approximate stash of 1 million coins (5.2% of the supply), but Saylor is on his way. 

    The latest purchase was locked in at average price of $28,016 per Bitcoin, bringing the average price to $29,803, meaning the company is slightly underwater on the $4.17 billion investment.

    Michael Saylor doesn’t do risk management

    CEO Saylor’s conviction remains unwavering, while his disdain for portfolio diversification is also unchanged. For me, regardless of your thoughts on Bitcoin as an investment, it is difficult to get on board with an investment of this scale. 

    The risk is extreme, with the fate of the company now well and truly in the hands of the capricious crypto gods. A look at the share price action shows how tightly correlated it now is with Bitcoin. MicroStrategy shed three-quarters of its value last year as Bitcoin plummeted amid the bear market, but has doubled this year as Bitcoin has bounced back. 

    Saylor’s conviction may be admirable, but his risk management not. This is especially pertinent when looking at his rhetoric regarding advising people on what to do with their funds – again, nothing to do with Bitcoin, but the failure to understand the risk tolerance and financial circumstances of everyday people is jarring:

    “Take all your money and buy Bitcoin. Then take all your time to figure out how to borrow more money to buy more Bitcoin. Then take all your time to figure out what you can sell to buy Bitcoin. 

    And if you absolutely love the thing and don’t want to sell it, go mortgage your house and buy Bitcoin with it. And if you’ve got a business that you love because your family works for the business – if it’s been in the family for 37 years and you can’t bear to sell it – mortgage it, finance it and convert the proceeds into the hardest form of money on earth, which is Bitcoin”

    The interview occurred in March 2021. Bitcoin was trading north of $56,000 at the time, approximately double what it is currently. I sincerely hope that nobody listened to his advice of this billionaire and mortgaged their house or business. 

    And again, this is not a discussion on the merits or price of Bitcoin. The same logic would hold if Bitcoin was now $200,000 per coin. Not that it needs to be said, but for the record, mortgaging your future and your entire financial well-being on one asset – and especially one as volatile as Bitcoin- is, well, not smart. 

    Nonetheless, Saylor is intent on doing this with MicroStrategy. At least that is a little less perilous than betting one’s own personal future. But the reality is that with such a large investment – $4.17 billion! – MicroStrategy is now a Bitcoin holding company. 

    For investors, I am not sure what the appeal is here, as one can just buy Bitcoin directly. For Saylor, however, he doesn’t seem to care. He’s all in.

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