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Michael Saylor Announces 1,440 Bitcoin Weekly Gains for MSTR Holders
As reported by U.Today, a surge in inflation data may have had no impact on the price of Bitcoin (BTC), with its value increasing by an astonishing 1,440% weekly gain for MicroStrategy (MSTR) holders. This comes as a massive surprise to many experts who predicted a significant decline in the crypto market amid rising inflation concerns.
While another key inflation metric, CPI, is expected to be released tomorrow, it appears that Michael Saylor’s company has already seen substantial gains from its Bitcoin holdings.
MicroStrategy, led by CEO Michael Saylor, has been one of the most vocal advocates for Bitcoin as a form of digital gold. The company has invested heavily in the cryptocurrency and has seen significant returns on its investment.
While it remains to be seen how these inflation concerns will impact the broader market, MicroStrategy’s latest gains suggest that investors are still keen on diversifying their portfolios by investing in cryptocurrencies.
In an unexpected twist, Bitcoin’s value is not only defying expectations but also demonstrating resilience in the face of rising inflation.
Source: u.today
