Michael Saylor urges U.S. to sell gold, buy Bitcoin instead

Michael Saylor urges the government of the United States to sell their gold, as it accounts for more than half of the country’s financial reserves. The U.S. government is publicly known as one of the largest nations that owns gold as its reserve, which accounts for 72% of the total. Based on TradingEconomics data on […]

MicroStrategy hits $40b in Bitcoin, Saylor draws criticism

A prominent investment expert has raised concerns about MicroStrategy’s aggressive Bitcoin accumulation strategy, even as the company’s holdings reach $40.01 billion. The warning comes as the company’s portfolio shows unrealized gains of 70.35% ($16.52 billion) on its total investment. Gavin Baker, managing partner and chief investment officer of Atreides Management LP, highlighted potential risks in […]