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MicroStrategy CEO Michael Saylor talks about the 83% return on bitcoin investments

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The head of MicroStrategy compared the return on investment for different assets. MicroStrategy CEO Michael Saylor explained why he thinks the bitcoin investments of the company he heads have been very profitable. He recalled that on August 11, 2020, MicroStrategy bought 21,454 thousand BTC and invested $250 million in them. To date, that investment has yielded a return of +83%.

Those who have invested in MicroStrategy stock since then can record a return of +79%. At the same time, investment funds which focus on the key indicators of the NYSE, S&P 500 and Nasdaq Composite, could give their investors a more modest return of 16% and 6% respectively.

Investments in gold, silver, and the U.S. bond market, on the other hand, gave investors losses of minus 14%, minus 33%, and minus 16%, respectively, during the same period.

Saylor also made a very important statement regarding Ethereum, the largest altcoin by capitalization, which could have long-lasting implications for the digital asset. The head of MicroStrategy believes that Ethereum should be treated by regulators as a security; given that “the asset was launched through an ICO, it has a certain composition of managers, there was also pre-mining.”

Recall that in the U.S., regulators only agree that bitcoin is not a security. Ethereum’s status is still highly questionable, and regulators are gathering opinions on the matter from industry experts. Saylor’s point of view could play a significant role in the fact that Ethereum could end up being treated as a security by officials in the United States.

If that happens, Ethereum’s circulation on various regulated platforms could be halted, and the issuance of such digital assets itself would be scrutinized for possible violations of U.S. securities registration, issuance and circulation laws.

According to Saylor, all digital assets based on the Proof-of-Stake protocol should be classified as securities, which means that investing in such assets is “very risky” because the issuance of such securities can cause claims from regulators. The head of MicroStrategy emphasized that this logic is fundamental to why his company invests only in bitcoins among all digital assets. 

Cryptocurrency

The Balance: Bitcoin bearish trend hasn’t stopped Americans from investing more in cryptocurrencies

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bitcoin bearish trend

Analytical resource The Balance posted a report stating that 39% of U.S. investors have become more invested in cryptocurrencies, despite the bitcoin bearish trend. 

According to the report’s author, these Americans are looking for new investment avenues to preserve their savings amid economic uncertainty.

Meanwhile, 41% of survey participants said they invested more in stocks, and about a third of them invested more in exchange-traded funds and exchange-traded index funds amid market uncertainty. Thirty-four percent of investors reported no change in their investment habits.

Slightly more than a quarter of investors surveyed admitted to investing less in assets. Nearly 20% of those surveyed admitted to investing less in cryptocurrencies this year. The report’s author argues that investing in cryptocurrency in times of uncertainty is more popular among young people.

Nearly half of millennials and Generation Z investors (age 41 and younger) said they prefer cryptocurrency – as opposed to just under a third of Generation X investors and older. The online survey was conducted from June 30 to July 9, 2022, and surveyed 1,200 Americans over the age of 18 who at least partially manage their finances.

However, according to Bank Of America, the number of active cryptocurrency users is down more than 50 percent from its peak last November.

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Cumberland: institutional investors give bitcoin growth predictions as high as $32,000 as early as 2022

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bitcoin growth prediction

US market maker Cumberland conducted a survey of institutional investors and found that most respondents were making bitcoin growth predictions as early as this year.

It is worth emphasizing that most of those surveyed are convinced that the crypto market will continue its decline in the near future. Analysts stress that the value of the main coin in the world of cryptocurrencies can fall to 16000 dollars. After that, Bitcoin should quickly recover the lost positions. At the end of the year, the value of BTC could reach $32,000. Cumberland experts point out that investors remain bullish. 

“Even with the current bearish trend, these results are not surprising. After all, those surveyed are trading cryptocurrencies, which means they believe in bitcoin. If they didn’t have this attitude toward BTC, they would continue to trade forex,” Cumberland analysts said.

Respondents do not expect any success in the stock market, despite the significant correlation between the stock and markets in recent months. According to institutional investors, the crypto market, at least in the near term, will depend significantly on the U.S. Federal Reserve’s decisions on prime rates and “other Fed moves.”

Cumberland analysts have previously said that the recovery of the market will be determined by the rate at which assets move from insolvent to solvent companies.





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Is dogecoin a good investment? Elon Musk: Dogecoin is much faster than the Bitcoin network

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is dogecoin a good investment

Is dogecoin a good investment? The CEO of Tesla again spoke out in support of Dogecoin. He stressed that the “meme cryptocurrency” network can process significantly more transactions than the Bitcoin network.

During a conversation with a podcast host, the head of Tesla and SpaceX said that the popularization of DOGE is paying off. The coin is increasingly being used as a full-fledged means of payment. As you know, coins can be used to buy goods and pay for various services of several large companies. The most important advantage is the high speed of transactions. Usually it takes no more than a minute to process a transaction online.

“To be honest, I mostly support DOGE because this cryptocurrency has memes, dogs, the developers have a sense of humor, they don’t take the project too seriously. And with all that being said, it’s strange that though DOGE was invented just as a joke, the actual throughput of the Dogecoin network is much higher than Bitcoin blockchain,” said Tesla’s CEO.

Ilon Musk also reminded that Dogecoin’s inflation model allows it to issue 5 billion coins annually, while Bitcoin’s number is limited to 21 million. And this makes DOGE much more suitable for use as a payment currency.

Recall that Tesla sold most of its bitcoin holdings amid falling cryptocurrency markets.



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