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Title: World’s Greatest Angel Investor Warns That MicroStrategy Is Buying Too Much Bitcoin
As the crypto market continues to evolve and grow, a prominent figure in the industry has voiced concerns regarding MicroStrategy’s aggressive purchasing spree of Bitcoin. Peter Thiel, known for his extensive experience as an angel investor and co-founder of PayPal, has warned that the company may be buying too much Bitcoin.
In a recent social media post, Michael Saylor, Strategy co-founder, jokingly stated that he gets most of his ideas from Barron’s. However, in a separate statement, he revealed his long-term goal of owning $3 trillion worth of Bitcoin, which would put him on track to own nearly 10% of the total outstanding supply.
While some have praised Saylor’s commitment and vision, others like Peter Thiel are sounding alarm bells. In his most recent statement, Thiel expressed concerns over MicroStrategy’s massive buying spree.
Source: u.today
