Input Output Global (IOG) CEO Charles Hoskinson rejects Peter Brandt’s technical analysis call, which predicts Cardano may lose up to 90% of its value.Hoskinson added that he “really loathes” technical analysis while likening the process to voodoo in that it makes no sense.“With all due respect to Peter, I don’t this works so well. The other thing is that markets are so much … [Read more...] about Cardano founder Charles Hoskinson dismisses risk of 90% drop in ADA as ‘voodoo’
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Saylor dismisses talk that MicroStrategy shareholders are concerned with Bitcoin buys
MicroStrategy CEO Michael Saylor rejected the idea that Bitcoin is damaging his company The firm was founded in 1989 as a software company. But since August 2020, when the firm first added Bitcoin as a treasury strategy, it has gone big on BTC, leading to some analysts calling MSTR a “backdoor” Bitcoin exchange-traded fund (ETF).This approach has prompted criticism from some … [Read more...] about Saylor dismisses talk that MicroStrategy shareholders are concerned with Bitcoin buys
MicroStrategy dismisses market uncertainty, buys another Bitcoin dip
MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty.As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average price of $48,888, spending $10 million in cash to do so. This puts the company’s total Bitcoin holdings at 91,064 BTC … [Read more...] about MicroStrategy dismisses market uncertainty, buys another Bitcoin dip