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Michael Saylor Reacts To Bitcoin Dipping Below $50k; Says ‘Bitcoin Volatility is a Feature, Not a Bug’

Coinpedia LogoCoinpedia17h ago

Michael Saylor Reacts To Bitcoin Dipping Below $50k; Says ‘Bitcoin Volatility is a Feature, Not a Bug’ - Coinpedia

Quick Summary:

He was asked about Bitcoin’s recent dip below the $50,000 level and MicroStrategy’s decision to acquire an additional 169 Bitcoin for just over $11 million in July.

He said that one can liquidate it anytime, anywhere in the world, or hold it without active management or business expertise.

He described it as digital capital, superior to physical or financial capital.


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Michael Saylor Reacts To Bitcoin Dipping Below $50k; Says ‘Bitcoin Volatility is a Feature, Not a Bug’ - Coinpedia (Picture 1)

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 05:32:48 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21995271

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About Coinpedia

Coinpedia Logo

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 19 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

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The story "Michael Saylor Reacts To Bitcoin Dipping Below $50k; Says ‘Bitcoin Volatility is a Feature, Not a Bug’" was covered 17 hours ago by Coinpedia, a news publisher based in United States.

How trustworthy is 'Coinpedia' news outlet?

Coinpedia is a fully independent (privately-owned) news outlet established in 2016 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 19 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/michael-saylor-reacts-to-bitcoin-17231822633058

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