Why is Michael Saylor not buying Bitcoin lately?
Almost everyone in the cryptocurrency community knows that Michael Saylor is a massive Bitcoin (BTC) enthusiast, but he has not bought any of the maiden crypto asset lately, leading one trading expert to try and discern the logic behind this and whether his confidence is going down. Indeed, trading expert Alan Santana has pointed out that the MicroStrategy (NASDAQ: MSTR) executive chair “hasn’t been buying any Bitcoins,” as well as that BlackRock (NYSE: BLK), “is nowhere to be found,” wondering what this indicates, in a TradingView post on September 4. Why is Saylor not buying Bitcoin? According to Santana, “one way to look at the Bitcoin market from a rookie bullish perspective is through the story that Bitcoin is strong and cannot move lower because (1) the Spot ETFs (aka. BlackRock) will buy everything and (2) Micheal Saylor “bought Bitcoin.” Picks for you ...