It’s a good thing we common folk have Cathie Wood to give us professional guidance.
I guess it’s just revving up for an assault toward her target. Those kinds of hypothetical profits can pay for a lot of neck cream, my friends.
Or it could be that she’s an unapologetic shill. My opinion is that should $BTC crack $30k, $20k is next.
And, of course, there is this latest news:
What was especially intriguing is the disclosure that the average purchase price for those billions of dollars of coins was $26,000. In other words, for every $10 that $BTC moves, the company’s holdings change a million dollars Thus, the company is down $3.3 billion from the peak price just a few months ago. Added to which, $BTC would only have to drop about 17% more (as of when I’m typing this) for them to move into the red. That would be a psychologically unsettling situation.
Of course, Microstrategy’s Michael Saylor is no stranger to controversy………..
In March 2000, the U.S. Securities and Exchange Commission (SEC) brought charges against Saylor and two other MicroStrategy executives for the company’s inaccurate reporting of financial results for the preceding two years. In December 2000, Saylor settled with the SEC without admitting wrongdoing by paying $350,000 in penalties and a personal disgorgement of $8.3 million. As a result of the restatement of results, the company’s stock declined in value and Saylor’s net worth fell by $6 billion