Bitcoin Frenzy: MicroStrategy Quenches Investor Thirst

MicroStrategy CEO Michael Saylor is confident: investor demand for Bitcoin is huge, and the lack of spot Bitcoin ETFs for 10 years has only held it back.

In an interview with CNBC, Saylor attributed MicroStrategy's February stock surge (from $500 to $700) to growing interest in "digital gold." He said record inflows into биржевые BTC funds are further confirmation of this.

"Bitcoin is attractive because it doesn't correlate with other risky assets, doesn't depend on countries, companies, weather, wars, employees, supply chains, market cycles, or competitors," Saylor emphasized.

The advent of ETFs, he believes, has finally given large investors access to the first cryptocurrency.

MicroStrategy itself intends to become a developer of Bitcoin-based solutions. Saylor sees this as a natural step for a company with the largest BTC reserves in the industry.

In January, MicroStrategy bought another 850 BTC, bringing its total to 190,000. The company's market capitalization is $12.1 billion, of which 78.3% is in Bitcoin. Unrealized profits on this position exceed $3.5 billion.

Thus, MicroStrategy is not only investing in Bitcoin but also actively participating in the development of its ecosystem.

Does the Bitcoin frenzy still have potential? Michael Saylor's opinion is unequivocal: yes. Only time will tell how the market will react to it.