{"id":144987,"date":"2024-12-17T14:00:36","date_gmt":"2024-12-17T12:00:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144987"},"modified":"2024-12-17T02:55:31","modified_gmt":"2024-12-17T00:55:31","slug":"microstrategys-bitcoin-venture-will-not-end-well-warns-martin-shkreli","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/microstrategys-bitcoin-venture-will-not-end-well-warns-martin-shkreli\/","title":{"rendered":"MicroStrategy’s Bitcoin Venture Will Not End Well, Warns Martin Shkreli"},"content":{"rendered":"

Appearing on the Shkreli Planet podcast, Shkreli dismissed Saylor’s excitement about Bitcoin<\/a><\/strong>, claiming it\u2019s part of a bubble that will inevitably burst, accusing Saylor of being overly optimistic about the asset.<\/p>\n

Saylor\u2019s company, MicroStrategy, has embraced Bitcoin as part of its treasury reserve strategy, believing the cryptocurrency offers a hedge against inflation. MicroStrategy first invested in Bitcoin in 2020, purchasing $250 million worth, which added around 21,000 BTC to its balance sheet. Since then, the firm has continued to increase its holdings, most recently spending $1.5 billion to acquire an additional 15,350 Bitcoin, bringing its total to nearly 440,000 BTC.<\/p>\n

Shkreli also revealed that he is betting against MicroStrategy’s stock, although he didn’t disclose the exact size of his short position. Despite his negative view, the company\u2019s stock has soared by nearly 500% this year, propelling MicroStrategy into the prestigious Nasdaq-100 index.<\/p>\n