Wow! 😲 Empire analyst Jason Yanowitz is making waves with his bold claim that MicroStrategy's massive $20 billion Bitcoin investment has been a major prop for BTC prices! 🚀💰 He suggests that without MicroStrategy's hefty buys, Bitcoin's price might not be where it is today. 🤔
Yanowitz believes this indicates the market is still in its early stages, pointing to limited venture capital involvement. 🐻📉 It seems like the big VC firms are still a bit hesitant to jump in, leaving the field open for players like MicroStrategy to make a significant impact.
Here's the scoop:
MicroStrategy's Big Bet: MicroStrategy holds a whopping 447,470 BTC, acquired for around $2.797 billion! 🤑
So, is Bitcoin's price artificially inflated, or is this just the beginning of something big? 🤷‍♂️ Only time will tell! Keep your eyes peeled, crypto enthusiasts! 👀✨