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Speaking of prominent institutional investors, watch Michael Saylor, CEO of MicroStrategy, and ask yourself whether this is a man fit to protect his company's shareholders: https://youtu.be/Cg10yYZjK94?t=1h26m40s "Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy”
Another remarkable clip from earlier in the same Michael Saylor interview:https://youtu.be/Cg10yYZjK94?t=1h10m This is the guy who mainstreamed Bitcoin investment, and he seems confused and delusional. He doesn't understand the technology and talks about it in mystical terms with wide eyes Background from Wikipedia: On MicroStrategy's quarterly earnings conference call in July 2020, Saylor announced his intention for MicroStrategy to explore purchasing Bitcoin, gold, or other alternative assets instead of holding cash. The following month, MicroStrategy used $250 million from its cash stockpile to purchase 21,454 Bitcoin.
MicroStrategy later added $175 million of Bitcoin to its holdings in September 2020 and another $50 million in early December 2020. On December 11, 2020, MicroStrategy announced that it had sold $650 million in convertible senior notes, taking on debt to increase its Bitcoin holdings to over $1 billion worth. On December 21, 2020 MicroStrategy announced their total holdings include 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin. Saylor, who controls 70% of MicroStrategy's shares, dismissed concerns by observers that the move is turning MicroStrategy into a Bitcoin investment firm or exchange-traded fund (ETF).
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