There is a website whose sole purpose in life is to track Michael Saylor’s bitcoin purchases and provide updates on the average purchase price. This is interesting for MSTR “investors” because, of course, the company has little else to show for itself except for its holdings of a bunch of encrypted 1s and 0s. The average price for the $54 billions of $BTC this guy has bought is about $62,000.
After the silly trip above $100,000, now in the rearview mirror, BTC isn’t exactly looking healthy right now. As much as I’d love to see it collapse to $0, I think a more likely level of support is in the low $70,000s.
Of course, you could just ignore me and listen to this financial genius:
