The Bitcoin community was eager to respond with various tweets – from supporting Saylor and expressing admiration for Bitcoin and its mysterious supporter Satoshi Nakamoto to criticizing immensely high $BTC fees for transactions.
As always, Michael Saylor has not responded to any of the comments under his post.
MicroStrategy beats Bitcoin, Saylor explains how
In a tweet published on Sunday, Saylor shared a graph to show how MicroStrategy has made profit from using its Bitcoin strategy. According to it, MicroStrategy’s stocks (MSTR) have soared in price by a staggering 1,097% since August 2020, when the company for the first time began purchasing the flagship cryptocurrency in thousands on a regular basis.
Compared to MSTR, Bitcoin has seen a much smaller but still impressive increase of 463%, while its physical rival gold has added only 16% and silver has gone down 1%. S&P 500 index, with which $BTC often shows correlation, has gained 52% and Nasdaq gone up by 47%. Bonds, according to the graph, have plunged by 21% since 2020.
Days to go before halving
In four days, the much-anticipated Bitcoin halving will take place, slashing miners’ rewards by half and leaving them with 3.125 $BTC per each newly minted block this time until another halvening event happens.
The fundamental event is to occur in four days. The cryptocurrency community expects the Bitcoin price to skyrocket after the halving. However, no more or less forecasts with a fixed date have been made yet.
The trick with mining is that is increases Bitcoin’s scarcity as it continues to decrease the amount of coins injected into the circulating supply daily. So far, this figure holds at 900 $BTC but after halving, it will be reduced to 450 $BTC minted per day.
u.today
