Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well, I don't know for certain. My assumption is that they will approve. My decisions are around staying long or trading around the "approval". Bloodbath today after sunny uplands yesterday, ces't la vie avec crypto. If Michael Saylor has the minerals to buy $615m of BTC at an average of $42k then I should probably side with him.
🚀 "Dec 27 (Reuters) MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top U.S. markets regulator will soon approve a spot bitcoin exchange traded fund (ETF).
The company and its subsidiaries purchased about 14,620 bitcoins at an average price of roughly $42,110 between Nov. 30 and Dec. 26, according to a regulatory filing.
Shares of the Virginia-based company jumped 8% in afternoon trading. MicroStrategy has surged over 350% this year, while bitcoin has gained nearly 160%.
"This is not a short-term trading strategy but rather reflects a belief that bitcoin will ultimately prove a superior store of value," said analysts at TD Cowen.
MicroStrategy, which began buying the cryptocurrency in 2020, said it together with subsidiaries now holds about 189,150 bitcoins bought for about $5.9 billion.
The company has said its bitcoin investments are intended as long-term holdings and that it expects to continue to accumulate the world's biggest and best-known cryptocurrency.
Like I said Saylor is not selling😁.
Morning VD, I was a little surprised how the UA's held up yesterday with BTC price action. Coupled with Friday gains hence we up 7%. As I type BTC has turned positive for the day atm, which if it holds will give us the late afternon caffeine boost. GL
Merry Xmas🐶 Yes was a good day Friday after close here 3 shares were in double digits. BTC climbed a little, after our close. Check on Tuesday if it continues then Wednesday morning should be interesting😁. YouTube channel InvestAnswers did a slot on BTC & miners a couple of days ago to give you some background depending on your knowledge.
Yes it is rising. If you believe the BTC ETF is coming and you believe in the historical evidence of what happens around the BTC halving then this is a one way bet. If only it was so certain! The ETF's constituent parts act as a leveraged play to BTC dominance. The ETF got to £18 when BTC hit $64k in 2021. It's all about BTC price appreciation and if you believe what MSTR boss says he aint selling and he owns a lot. As for me long term, I'm bullish on Bitcoin.