Michael Saylor has hinted that MicroStrategy is about to top up its already-massive Bitcoin reserve, even as the Israel-Iran flare-up keeps global markets on edge.
In an X post late Sunday, the co-founder shared a chart captioned “#Bitcoin is hope,” a phrase he typically uses just before announcing new purchases.
Missiles flew over Tehran late Thursday, yet Bitcoin only dipped 3 % and has hovered near $105 k since. Exchange-traded funds tracking the asset actually booked five straight days of inflows, pulling in more than $1.3 billion for the week (source: Farside Investors). The Crypto Fear & Greed Index sits at 60, flashing “greed” despite the saber-rattling.
Analyst Nic Puckrin notes that a closure of the Strait of Hormuz—choke point for about 20 % of world oil—could jolt energy prices and slam risk assets, Bitcoin included. For now, though, Saylor seems undeterred: another buy would underscore his view that BTC is the ultimate hedge when macro headlines turn ugly.
Bitcoin is facing strong headwinds just shy of its all-time high, with analysts at Swissblock warning that a breakout may be off the table—at least for now.
As concerns grow over government debt and global instability, Bitcoin is increasingly seen as a serious alternative to both gold and U.S. Treasuries.
Anthony Pompliano, a prominent Bitcoin advocate and co-founder of Morgan Creek Digital, is reportedly preparing to launch a new BTC-focused investment firm dubbed ProCapBTC.
Economist Peter Schiff has revived his long-running feud with Bitcoin, warning that shareholders in Michael Saylor’s company, Strategy, could come to rue the day they followed its “all-in” crypto play.