When Bitcoin is back at $20,000 that's still a lot of money to pay for nothing. Don't be fooled by meaningless benchmarks. 84% off a ridiculously high price is not a bargain.
@TheFP The Cold War ended 35 years ago.
Both right and left wing mainstream commentators have been ‘waxing lyrical’ about communist China for decades. How many useful idiots is china currently influencing???
It's official.
MicroStrategy, $MSTR, is now facing its biggest unrealized loss in history, at -$10.8 billion.
In other words, after 6 years of buying Bitcoin, the company is now down -17% on its position.
By comparison, the S&P 500 is up +116% over this same timeframe.
Since MicroStrategy sold 32 Bitcoin at $77,135 per coin, their positions has lost -$11.8 billion in value.
This puts MicroStrategy's stock, $MSTR, down -77% since its record high.
Bear market is an understatement.
@MegynKellyShow “Ooop, we made the ‘rare mistake’ of placing graphic gay porn in your elementary school.”
I mean, doesn’t everyone accidentally make this mistake from time to time?