The Bitcoin King Is Back

PLUS: 5 Essential Visuals For Every Crypto Investor

  • The Bitcoin King Is Back

  • 5 Essential Visuals For Every Crypto Investor

  • “Hidden” Banking Crisis Is Super Bullish For Bitcoin

  • And more…

Market Data Prices as of 4:00am ET

Price (USD)

Change (24h)

Change (YTD)

Bitcoin (BTC)

$58,782

-0.33%

+38.91%

Ethereum (ETH)

$2,309

-0.31%

+1.23%

Solana (SOL)

$132.65

+0.73%

+30.67%

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bitcoin value increases after microstrategy purchase

THE BITCOIN KING IS BACK

BREAKING: MicroStrategy Doubles Down with $1.1 Billion Bitcoin Purchase

In a move that further solidifies its position as a leading institutional investor in Bitcoin, MicroStrategy has added 18,300 Bitcoin to its portfolio.

This purchase, valued at $1.11 billion, was made at an average price of $60,408 per Bitcoin, bringing MicroStrategy’s total Bitcoin holdings to an astounding 244,800 BTC.

bitcoin value increases after microstrategy purchase

To date, the company has spent approximately $9.45 billion on Bitcoin, with an average acquisition price of $38,585 per Bitcoin.

As a result of this aggressive investment, MicroStrategy stock rose by 8.18% on the same day the news was announced. The purchase was financed by the sale of more than 8 million shares via an agreement with financial institutions.

Despite these impressive numbers, some market observers remain sceptical about MicroStrategy’s Bitcoin strategy, raising concerns about the long-term implications of tying corporate assets so closely to a volatile asset.

bitcoin value increases after microstrategy purchase

However, with unrealized gains of over $5.3 billion on its Bitcoin holdings, the company has clearly seen significant upside.

Interestingly, the announcement had an immediate impact on Bitcoin’s price, which surged above $60,000 shortly after the news broke.

bitcoin value increases after microstrategy purchase

Could this be the start of a renewed bull run for Bitcoin?

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bitcoin value increases after microstrategy purchase

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5 ESSENTIAL VISUALS FOR
EVERY CRYPTO INVESTOR

Skipping instructions might work for DIY furniture, but it’s a fast track to failure in crypto investing.

If you’re serious about building wealth, here are five key visuals you need to keep in mind:

  1. Start Early: The Power of Compound Growth
    In investing, the earlier you start, the better. The concept of compounding is your best friend in the long game. Start early, and watch your investments grow exponentially over time—like landing that dream summer house in The Hamptons! 🌅

  1. Avoid Buying Tops and Selling Bottoms
    One of the biggest rookie mistakes is buying at the top and selling at the bottom. Learning to read market trends can prevent unnecessary losses. By tuning into the market’s signals, you can avoid making emotionally-driven decisions that could cost you dearly.

  1. Bear Markets Are Short, Bull Runs Are Long
    While bear markets can be painful, they’re typically shorter than bull runs. Keeping this perspective will help you stay calm during market downturns. The best investors know how to hold through the rough patches and come out stronger on the other side.

  1. Reinvest: The Power of Compounding Returns
    Reinvestment is where the magic happens. Compounding can take small, regular investments and grow them into something huge over time. Even if you can’t double your money every day, consistent growth at 10% annually could make you a millionaire in 30 years.

  1. Investing vs. Trading: The Long Game Wins
    Most billionaires didn’t get rich from short-term trading. They built wealth by investing for the long term. If you want to build significant wealth and have more free time, focus on being a long-term investor, not a day trader.

bitcoin value increases after microstrategy purchase

Just look at Warren Buffett—he built his fortune by picking solid assets, creating a diversified portfolio, and holding onto them for years.

Stay Ahead of the Trend in Digital Assets with Glassnode

bitcoin value increases after microstrategy purchase

Join Glassnode and Access a suite of metrics which describe the foundational components and performance of the Bitcoin blockchain. Metrics cover supply, on-chain activity, transfer volumes, mining performance, and transaction fees.

“HIDDEN” BANKING CRISIS IS
SUPER BULLISH FOR BITCOIN

Robert Kiyosaki, author and financial educator, has once again expressed concern over the state of the global financial system, pointing to the over-reliance on debt in the form of bonds.

bitcoin value increases after microstrategy purchase

According to Kiyosaki, this debt-driven economy is unsustainable, with major consequences looming on the horizon.

In a social media post, Kiyosaki highlighted the inherent risks of the bond market, noting that while governments use bonds to sustain the economy, they are ultimately debts.

Kiyosaki remarked, hinting at a potential financial collapse:

“A bond is debt, and the whole world is floating on it,”

Robert Kiyosaki

Kiyosaki emphasized the difference between market crashes and banking crashes, explaining that the latter are often hidden and pose a greater threat to the economy.

With fears of a recession growing, especially in the US, Kiyosaki advises a shift toward physical assets like Gold, Silver, and Bitcoin.

His sentiments are shared by other leading voices in the financial world, including Michael Saylor, who predicts a future surge in Bitcoin's value to as high as $13 million.

Here are some more clips of Robert Kiyosaki discussing why it is essential to hold some Bitcoin in your investment portfolio:

The best crypto app to secure your tokens: Ledger

bitcoin value increases after microstrategy purchase

A crypto wallet is a physical device, designed to enhance the security of your private keys by securely storing them offline.

These wallets physically store your private keys within a chip inside the device itself.

The beauty of using a crypto wallet is the security it provides to your private keys.

OTHER NEWS:

  • BlackRock calls Bitcoin a hedge against geopolitical instability and a growing alternative to traditional currencies

  • Solo bitcoin miner again wins $180K reward by mining block 860749, even amidst record hashrate highs

  • Norway introduces legislation to regulate data centers and stifle bitcoin mining

  • Fractal Bitcoin, supported by Unisat, launches its mainnet with a unique scaling solution using Bitcoin Core code to enhance transaction capacity and speed

  • Fractal Bitcoin captures over 240 EH/s in its first 24 hours, reshaping the Bitcoin's hashrate landscape

  • MARA acquires more Bitcoin, now owns over 26,200 BTC worth $1.5B, and won’t be selling any soon

  • Kraken no longer supports Lightning withdrawals for German clients

  • NBA legend Scottie Pippen excites his 670,000 X followers with a bullish tweet on Bitcoin

FOR THE FERTILE MIND…

You are what you read! Here is what we are reading right now…

Cryptosovereignty - Erik Cason
Liberty and Property - Ludwig Von Mises
The Conservative Case For Bitcoin - Mitchell Askew
Debt: The First 5000 Years - David Graeber

MEMES OF THE WEEK

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.