Best Crypto to Buy Now as Michael Saylor Unveils $100B Bitcoin Credit Plan
The post Best Crypto to Buy Now as Michael Saylor Unveils $100B Bitcoin Credit Plan appeared on BitcoinEthereumNews.com. The “Bitcoin Prophet,” Michael Saylor, has spoken again about Bitcoin. The executive chair of MicroStrategy (formerly Strategy), who once said, “it is ok to sell a kidney for Bitcoin,” has now emerged with another bold idea up his sleeve: Perpetual Preferred Stock. Calling it “Stretch,” this is an approach to fund Bitcoin purchases through a unique BTC Credit Model that could allow MicroStrategy to raise upwards of $100 billion or even $200 billion worth of Bitcoin. Publications like Live Mint have called this strategy downright “audacious.” However, it is also bold enough to bring even more institutional eyes on Bitcoin, potentially making it the best crypto to buy now. More Bitcoin, However Possible MicroStrategy’s recent $100B dream through the Bitcoin Credit Model holds true to its “more Bitcoin, however possible” mantra. This “Stretch” approach has already allowed the Bitcoin treasury company to raise upwards of $6 billion worth of BTC to date. A notable portion of this has been bought by retail investors as well, according to The Wall Street Journal, which is surprising and shows that even retail investors aren’t beyond experimenting with such a risky idea. That being said, Stretch carries enhanced risks. If these perpetual preferred stocks flop, Bitcoin could be forced into the seller’s block, leading to a massive downturn in the Bitcoin price. On the other hand, this strategy could provide another financial lens to gauge the value of an asset. For instance, the more people are willing to borrow to buy a certain asset, the more valuable that crypto appears. Meanwhile, Bitcoin has experienced only a minor bump of 0.5% in the last 24 hours. It is now trading above $118K and has a market capitalization of more than $2.35 trillion. This movement has been the result of reduced trading volume in the past…
The post Best Crypto to Buy Now as Michael Saylor Unveils $100B Bitcoin Credit Plan appeared on BitcoinEthereumNews.com.
The “Bitcoin Prophet,” Michael Saylor, has spoken again about Bitcoin. The executive chair of MicroStrategy (formerly Strategy), who once said, “it is ok to sell a kidney for Bitcoin,” has now emerged with another bold idea up his sleeve: Perpetual Preferred Stock. Calling it “Stretch,” this is an approach to fund Bitcoin purchases through a unique BTC Credit Model that could allow MicroStrategy to raise upwards of $100 billion or even $200 billion worth of Bitcoin. Publications like Live Mint have called this strategy downright “audacious.” However, it is also bold enough to bring even more institutional eyes on Bitcoin, potentially making it the best crypto to buy now. More Bitcoin, However Possible MicroStrategy’s recent $100B dream through the Bitcoin Credit Model holds true to its “more Bitcoin, however possible” mantra. This “Stretch” approach has already allowed the Bitcoin treasury company to raise upwards of $6 billion worth of BTC to date. A notable portion of this has been bought by retail investors as well, according to The Wall Street Journal, which is surprising and shows that even retail investors aren’t beyond experimenting with such a risky idea. That being said, Stretch carries enhanced risks. If these perpetual preferred stocks flop, Bitcoin could be forced into the seller’s block, leading to a massive downturn in the Bitcoin price. On the other hand, this strategy could provide another financial lens to gauge the value of an asset. For instance, the more people are willing to borrow to buy a certain asset, the more valuable that crypto appears. Meanwhile, Bitcoin has experienced only a minor bump of 0.5% in the last 24 hours. It is now trading above $118K and has a market capitalization of more than $2.35 trillion. This movement has been the result of reduced trading volume in the past…
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