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☆ MicroStrategy's Michael Saylor says hold onto bitcoin and stomach the volatility
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicroStrategy's Michael Saylor says hold onto bitcoin and stomach the volatilityMichael Saylor, MicroStrategy executive chairman, joins 'Closing Bell: Overtime' to discuss the company's earnings and why it bought more bitcoin.

☆ Crypto stocks rally after bitcoin breaks above $30,000 to hit a 10-month high
▼ + stars: | 2023-04-11 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Crypto-related stocks rose Tuesday after bitcoin broke above $30,000 to hit a 10-month high. Bitcoin miners Marathon Digital and Riot Platforms also edged higher in early-morning trading, having logged double-digit gains the previous trading session. Amplify's Transformational Data Sharing ETF, which tracks crypto stocks, has outperformed in 2023. The crypto stocks logged gains Monday even as the Nasdaq Composite — which tracks the tech sector more broadly but tends to move in lockstep with bitcoin — closed 0.03% lower. Read more: Bitcoin's nearing a breakout moment — prices topped $30,000 for the first time since June 2022

☆ The dollar's dominance on the world stage isn't going away. Here's why.
▼ + stars: | 2023-04-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The move makes sense, given Russia's growing status as a pariah state, but it also highlights a push to unseat the dollar as a dominant force in global trade. But to strategists at the Carson Group, a scenario where the dollar isn't the world's primary reserve currency simply isn't in the cards in the near future. Are you convinced that the dollar won't lose its status as a dominant global reserve currency? Some companies in this batch of oil stocks have upsides of up to 180%, according to strategists at Bank of America. An expert from the World Gold Council pointed out that history says gold performs well in a recession.

☆ This isn’t a 2008-style financial crisis but stocks could still crash 25%, SoFi’s top strategist says
▼ + stars: | 2023-04-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today I'm eager to share this week's conversation with a top investment strategist who's anticipating trouble ahead for the economy. In the financial crisis, it was down 58% from peak to trough. I do not think that this is a repeat of the financial crisis. Investors should brace for an earnings recession and continued financial uncertainty, chief investment officer Mike Wilson explained. A crisis in the financial sector has rattled investors but markets look poised to avoid a crash.

☆ Michael Saylor's MicroStrategy snaps up another 6,455 bitcoin as token rallies, bringing its total holdings to $3.88 billion
▼ + stars: | 2023-03-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

MicroStrategy bought 6,455 bitcoins for about $150 million in the last five weeks, an SEC filing showed. MicroStrategy also paid off the remaining principal on a $205 million loan from the failed Silvergate Bank. All together, those holdings are worth about $3.88 billion, at the current bitcoin price of about $27,900. The total MicroStrategy paid was $161 million. "MicroStrategy repaid its $205M Silvergate loan at a 22% discount," Saylor tweeted on Monday.

☆ Watch CNBC's full interview with MicroStrategy founder Michael Saylor
▼ + stars: | 2023-02-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with MicroStrategy founder Michael SaylorMichael Saylor, MicroStrategy founder and executive chairman, joins 'Squawk on the Street' to discuss the company's Q4 results.

☆ New Year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022
▼ + stars: | 2023-01-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

"The most important macro data investors are focussing on is the weak services PMI and the trending down of employment and wage data. 'Whales' buying BTCLarger purchasers of digital coins known as "whales" may be leading the latest rally in bitcoin, according to Kaiko. Several bitcoin miners have been flushed out by the drop in prices. Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, have been squeezed by the slump in prices and rising energy costs. That's historically a good sign for bitcoin, according to Ayyar.

[1/2] GSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. Circuit Court of Appeals ruled that federal law preempts the plaintiffs' state-law claims that GSK failed to warn doctors and pregnant women that animal studies found a link between birth defects and taking Zofran. Louis Bograd, a lawyer for the plaintiffs at Motley Rice, did not respond to a request for comment. Without any newly acquired information, GSK could not legally change the label without the FDA's blessing, Kayatta wrote. For the plaintiffs: Louis Bograd of Motley RiceFor GSK: Lisa Blatt of Williams & ConnollyRead more:Zofran birth defect cases should be revived, say hundreds of plaintiffsGSK defeats 425 lawsuits alleging Zofran causes birth defects(NOTE: This story has been updated with a comment from GSK.)

☆ MicroStrategy just did was CEO Michael Saylor once said would never happen: it sold bitcoin
▼ + stars: | 2022-12-28 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

MicroStrategy just sold some of its bitcoin holdings for the first time but remains a net buyer. The company disclosed Wednesday a sale of 704 bitcoin last week for roughly $11.8 million for tax reasons. We're not sellers," CEO Michael Saylor said in January. Still, the bitcoin sale comes despite Saylor's vow in January: "Never. MicroStrategy is the largest corporate buyer of bitcoin, which has plummeted 64% year to date and now trades just over $16,600.

☆ Is the worst over for bitcoin and the rest of crypto?
▼ + stars: | 2022-12-04 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

This is not the first crypto winter, as long-term fans of bitcoin can attest. “It is very clear that we as an industry need to build better products,” said Hany Rashwan, CEO of 21.co, a crypto investment firm. That’s about triple where prices were during the depths of the crypto bear market in the early pandemic days of 2020. Others point out that the underlying blockchain technology behind bitcoin and crypto remains solid. Pride and Reynolds added that it’s erroneous to think that bitcoin can hold up well during stock market volatility.

☆ FTX's collapse could be crypto's dot-com crash moment – with the industry struggling to ever regain investors' trust
▼ + stars: | 2022-11-19 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The collapse of FTX could weigh on cryptocurrencies for years, experts told Insider. And the dot-com crash shows that there could be further pain ahead. "In a very crude way, this isn't that different to the dot-com crash," Morningstar Investment Management CIO Dan Kemp told Insider. Just 48% of internet companies even survived the dot-com crash, and it took Amazon a decade to regain its peak share price of $113. Whether cryptocurrencies can bounce back as some tech stocks did 20 years ago remains to be seen.

Jordan Vonderhaar | Bloomberg | Getty Imageswatch nowSaylor was speaking on CNBC's "Squawk on the Street" as FTX's demise roiled the crypto market. Bitcoin tumbled 19% in December, as investors rotated into assets deemed safer in a tumultuous economy. David Marcus, former head of crypto at Facebook parent Meta , used a phrase that would soon enter the lexicon. "It's during crypto winters that the best entrepreneurs build the better companies," Marcus wrote in a Jan. 24 tweet. Ryan Gilbert, founder of fintech venture firm Launchpad Capital, said the crypto world is facing a crisis of confidence after the FTX implosion.

☆ Bitcoin bull Michael Saylor on FTX-Binance chaos: Crypto industry needs to grow up
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin bull Michael Saylor on FTX-Binance chaos: Crypto industry needs to grow upMichael Saylor, Microstrategy founder and executive chairman, joins 'Squawk on the Street' to discuss the recent news in the cryptocurrency space, how bitcoin holders differentiate themselves from the rest of crypto landscape and how regulators are considering the week's moves.

Originally reported Sunday by The Verge, a plan to charge verified users to get or keep their blue checks was expected to cost $20 a month. By Tuesday afternoon, Musk had posted a thread on the platform outlining his plan to charge $8 a month instead — part of an overhaul of Twitter’s existing Blue service. Along with the coveted blue check, Twitter Blue subscribers will be able to post longer video and audio clips. Right now, Twitter’s verification system has no cost and is designed to ensure users can identify legitimate accounts and know they’re trustworthy. The blue check makes it harder for verified users to be impersonated and provides them with some additional tools to manage their notifications since many have a lot of followers.

☆ Texas regulators have their eyes on one of the most powerful players in the crypto world
▼ + stars: | 2022-10-20 | by ( Jon Sarlin | ) edition.cnn.com time to read: +7 min

CNN Business —The big news in crypto this week came via a court filing in Texas. FTX, the crypto giant that is led by arguably the most powerful person in the industry, is under investigation by Texas regulators for selling unregistered securities. FDIC, OCC, SEC, DOL, FBI, US Treasury and IRS have all stepped up their crypto enforcement efforts. The crypto lawyer I spoke with told me that those who prefer the CFTC over the SEC fall into two camps. I interviewed Saylor last year for CNN’s crypto interactive (“The Bitcoin Billionaire” is what we dubbed him).

☆ A Goldman Sachs alum turned crypto exec breaks down why Wall Street's next push into digital assets will be through bitcoin
▼ + stars: | 2022-10-15 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

John Haar, a managing director at digital asset services platform Swan Bitcoin, previously had a 12-year stint at Goldman Sachs. He says bitcoin is the biggest contender to gain traction in legacy finance and pull institutional interest in further. Investors saw the first wave of institutional interest in crypto through bitcoin as well. First, the value prop of bitcoin, Haar says, is the concept of "sound money," a currency that isn't prone to a sudden depreciation or appreciation in value. "I think Bitcoin is an easier sell, but I think we're still very early in terms of them potentially getting on board.

☆ The Fed's rate hike was just the beginning as banks around the world adjust policy - but the uncertainty doesn't mean the market can't rally.
▼ + stars: | 2022-09-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The Federal Reserve's Wednesday rate hike was just the beginning of the world's fight against inflation. A smattering of other central banks have followed suit, while some others took a different course. For now, pain fueled by central banks is likely to continue. The Fed's 75 basis-point rate hike on Wednesday was the first of many such moves this week as the policymakers globally confront surging prices. Three investing experts explained how to adjust your portfolio to benefit from the Fed's rate hike and rising inflation.

☆ Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade, MicroStrategy's Michael Saylor says
▼ + stars: | 2022-09-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

MicroStrategy's Michael Saylor said bitcoin could return $68,000 in four years and then hit $500,000 within the next decade. While bitcoin has shed roughly 60% so far in 2022, MicroStrategy has continued to buy the dip on the token. "The next logical stop for bitcoin bitcoin is to replace gold as a non-sovereign store of value asset," he said. MicroStrategy, Saylor added, is still building out the Lightning Network, a payment protocol using the bitcoin blockchain. While bitcoin has shed roughly 60% so far in 2022, Saylor's MicroStrategy has continued to buy the dip on the token.

☆ Michael Saylor's MicroStrategy buys the dip with fresh $6 million bitcoin purchase, adding to its crypto stockpile
▼ + stars: | 2022-09-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

MicroStrategy said it bought roughly $6 million in bitcoin between August 2 and September 19. Michael Saylor's firm bought the 301 bitcoin tokens for an average price of about $19,851. That's good for about 301 bitcoin, bought at about an average price of $19,851 per token using excess company cash. Leading up to September 22, MicroStrategy held about 130,000 bitcoin, bought at an average price of $30,639. Meanwhile, the enterprise software maker had taken a quarterly impairment charge of more than $900 million, connected to the dip in bitcoin's price.

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