The Bank of Singapore praises Bitcoin as the brand new gold

by Patricia Lin
The Bank of Singapore praises Bitcoin as the new gold

MicroStrategy entered the Bitcoin business early beneath CEO Michael Saylor. Now the listed firm is organizing a Bitcoin pageant – and is asking different massive institutional gamers on the scene.

When it involves modern tech CEOs, most people thinks of Elon Musk first. But with regards to crypto, even MicroStrategy CEO Michael Saylor can not maintain a candle to it. Because whereas the Tesla boss tweets about Doge Coins, Saylor not solely holds virtually 18,000 Bitcoin himself, which he purchased at a mean fee of round 10,000 US {dollars}. He steered his firm in the direction of BTC final yr. In August of final yr alone, MicroStrategy invested $ 250 million within the cryptocurrency. Micrsostrategy thus earned its place as firm of the month within the 9/2020 situation of Kryptokompass. In the entire of 2020 it was round one billion US {dollars}, as additionally reported by BTC-ECHO.

With spending like this, MicroStrategy isn't simply one of many institutional traders who've gotten large into Bitcoin – it tops the record.

It is simply becoming that MicroStrategy is now organizing a Bitcoin Festival beneath the route of Michael Saylor and streaming many digital shows as regards to Bitcoin stay. You can register on the official web site of the “Bitcoin for Corporations” pageant. Michael Saylor and MicroStrategy President and CFO Phong Le will lead the respective shows and talks, however they’ve introduced on board top-class dialogue companions who’re among the many largest firms within the business.

For instance, Vince Kwok from the Binance government suite is without doubt one of the invited company. Grayscale boss Michael Sonnenshein, Paxos CEO and founder Charles Cascarilla and Kraken boss Jesse Powell are additionally on board. Other firms represented in shows: Galaxy Digital, Gemini, Genesis, Coinbase, NYDIG and Fidelity.

The pageant will happen on Wednesday third and Thursday 4th February 2021.

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