It Will Be Exponentially Harder to Buy Bitcoin: Michael Saylor
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“Explosion of interest” toward Bitcoin from companies Bitcoin will get exponentially harder to get: Michael Saylor CNBC has published a piece, talking about the recent speech of Strategy founder, Michael Saylor, during the Bitcoin 2025 event, and shared its observations regarding several other large companies that have begun to accumulate Bitcoin. You Might Also Like “Explosion of interest” toward Bitcoin from companies This week, Trump Media voiced its plan to allocate $500 million to buy Bitcoin, while Tether, SoftBank and Strike’s Jack Mallers launched Twenty One — a public company that plans to add 42,000 BTC to its balance sheet. This would make it the third-biggest corporate Bitcoin holder on the planet. GameStop has also bought some Bitcoin. Still, so far, they are unlikely to surpass Strategy (formerly MicroStrategy) in terms of profitability the latter has seen since 2020, when its Bitcoin journey started. However, Saylor believes that these performance declines are just short term ones. He believes that in the long term holding Bitcoin on the balance sheet “has proven to be extraordinarily popular.” After visiting the Bitcoin 2025 event, Saylor noticed “en explosion of interest” toward Bitcoin coming from entities, since executives were approaching him, saying they were copying Strategy’s playbook in the U.K., South Korea, Hong Kong and in other parts of the world. Besides, CNBC reminded its readers that in March this year, president Trump signed an executive order to start building a Strategic Bitcoin Reserve, beginning with not selling the 200,000 BTC the U.S. government holds already. This week, Vice President JD Vance addressed the Bitcoin community, calling BTC “a hedge against inflation, censorship, and ‘unelected bureaucrats.’” You Might Also Like Bitcoin will get exponentially harder to get: Michael Saylor Saylor is certainly bullish on Bitcoin’s future. He stated that Bitcoin is “an idea whose…
Filed under: News - @ June 1, 2025 6:24 am