Episode Details
Back to Episodes2356: Saylor Sells Bitcoin - Wall Street Misses The Real Story
Episode 2356
Published 3Â weeks, 4Â days ago
Description
Michael Saylor sold Bitcoin and the market immediately panicked. But the people panicking may have completely misunderstood what happened. Strategy sold just 32 BTC while continuing to hold 843,706 Bitcoin, and Saylor previously stated that even if Strategy sold Bitcoin, it would likely buy back far more.
We break down the sale, the reaction, UBS allocating up to 5% to Bitcoin and crypto, BlackRock's massive Bitcoin holdings, and why the market may be focusing on the least important part of the story.
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