Best Altcoins to HODL as Saylor Suggests the US to Buy 20% of Bitcoin Supply
Michael Saylor at Strategy suggested the US should buy 20% of the entire $BTC supply to fund its strategic Bitcoin reserve. That’s an ambitious target, as there’s only room for one country worldwide to control one-fifth of the network, given $BTC’s scarcity. This would give the US a serious economic and, possibly, geopolitical advantage. If […]
Related News
Analysts at Decentrader point to encouraging hodler behavior that suggests that BTC/USD is far from its cycle top at $56,000. Bitcoin (BTC) shouldn't have a problem reaching $100,000 during the current cycle thanks to impressive behavior from hodlers.In their latest newsletter seen by Cointelegraph, analysts from trading suite Decentrader including Cointelegraph Markets contributor filbfilb sought to allay fears that Bitcoin's bull run is running out of steam.HODL Waves stay bullishBacking their optimism, they said, is data showing that more and more investors are hodling BTC for the long....
Those who bought Bitcoin this bull market are in no hurry to sell, says Glassnode, as small-time investor numbers also grow. Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021.In the latest edition of its newsletter, The Week On-Chain, on June 14, on-chain monitoring resource Glassnode revealed that buyers from the first months of this year’s bull market are refusing to cash out."Very young" supply in declineBitcoin has been marked by low volume in recent weeks as price action remained rangebound between $30,000 and $41,000.The....
The HODL model hypothesizes that bitcoin has crossed an inflection point, with the asset's illiquid supply outpacing the rate of new supply issuance.
Michael Saylor said that in addition to 115,109 BTC, MicroStrategy could pledge ‘some other collateral’ if needed.
Michael Saylor is anything but panicky as Bitcoin price weakness adds to MicroStrategy share price pressure. Bitcoin (BTC) megahodler MicroStrategy can ride out further BTC price declines, even if it falls to just $3,500, its CEO confirms.In a tweet on June 14, Michael Saylor sought to allay fears that his firm's BTC exposure may be about to cost it dearly.Saylor stays calm as MSTR dips furtherWith the largest corporate Bitcoin treasury, MicroStrategy has felt the pain of this year's BTC price declines — at least on paper.According to the monitoring resource Bitcoin Treasuries, the firm's....