Month: Januar 2021

MicroStrategy CEO Releases World’s First Business Bitcoin Buying Guide

Bitcoin sees another bullish development: Just last year, the enterprise business company MicroStrategy entered the Bitcoin sector – amid fears of inflation and a depreciating dollar. Now it is asking other companies to do the same.

Instructions for buying Bitcoin

Business analytics firm MicroStrategy will soon be releasing a guide on how businesses can buy Bitcoin, according to a tweet from company CEO Michael Saylor. It will be released at the Bitcoin Summit 2021 event that the company is hosting next week.

Last year, Saylor urged his company to move most of its treasury assets into Bitcoin amid rising inflation, fears of a bleak economy, and a generally negative sentiment towards fiat currencies in a small segment of the corporate sector.

The firm raised over $ 1 billion worth of Bitcoin over three purchases, including a $ 650 million purchase of convertible bonds in December. Saylor’s own Bitcoin purchases for his personal portfolio were not yet taken into account.

And now MicroStrategy is campaigning for other companies to buy Bitcoin and shift some of their assets into Bitcoin. In the upcoming tutorial (“Playbook” slated to be released at an event on February 3), the company will set out legal, governance and financial considerations that other companies should consider and relate to, said CEO Saylor.

It’s the same groundwork that MicroStrategy followed for its own purchase. Saylor:

„We will be releasing our #Bitcoin Corporate Playbook, a series of documents that cover governance, legal, financial, technical, and accounting considerations, as open source.“

The release of the playbook itself will be presented by MicroStrategy CFO Phong le, who will educate companies and attendees on the key strategic and operational considerations and related steps that companies should consider when integrating Bitcoin into a treasury reserve strategy.

Other events and Bitcoin plans

The February 3 playbook launch is part of a larger event hosted by MicroStrategy that will feature other crypto companies and industry leaders and discuss a range of Bitcoin-related topics.

Some of the events as seen here are a Bitcoin Macro Outlook Strategy, Business Strategy, Legal Considerations, and Financial and Accounting Considerations for Businesses to Take When Buying Bitcoin.

And for MicroStrategy, the Bitcoin purchases are not over in the foreseeable future. In a separate tweet, Saylor writes that the company will continue to invest „excess cash flows in Bitcoin“ and acquire more of the asset as part of its broader business plans.

Economist spår at Bitcoin vil slå $ 1 million innen 2030

Hamburgs kommersielle banks sjeføkonom Cyrus de la Rubia spådde et Bitcoin-prismål på 1 million dollar og la til at spådommen er avhengig av elektrisitetsmodellen.

Sjeføkonomen i Hamburg Commercial Bank, Cyrus de la Rubia, sa at prisen på Bitcoin ville nå $ 1 million innen 2030. Økonomen sa at han kom til dette tallet ved hjelp av elektrisitetsmodellen.

Han sa:

«I det øyeblikket disse andre energiintensive varene, for eksempel stål eller aluminium, er i større etterspørsel enn ytterligere enheter av kryptovalutaen, reduseres den relative attraktiviteten til Bitcoin. Da er den øvre prisgrensen nådd. ”

I forrige måned spådde Global Macro Investor CEO Raoul Pal også at prisen på BTC ville slå $ 1 million. Når det gjelder Pal, vil Bitcoin klatre 1 million dollar innen 2026. Under et intervju 20. desember sa konsernsjefen at hans prisforutsigelse er basert på lager-til-strøm-modellen.

Pal sa at lager-til-strøm modellskaper, Plan B, forklarer modellen og gjør det lettere å analysere effekten av tilbud på pris. Pal la også til at BTC når $ 1 million innen 2026 er „ikke urimelig.“

I 2020 tiltrukket Bitcoin flere individuelle og institusjonelle investorer. BTC-prisen fikk mer enn 3000% i året og nye høyder i forskjellige beregninger. Prisstigningen på Bitcoin i 2020 ble drevet av forskjellige faktorer, inkludert PayPals kunngjøring om å tillate kryptobetalinger på plattformen. I oktober sa PayPal at 346 millioner brukere nå kan kjøpe og selge BTC og tre andre digitale eiendeler ved hjelp av PayPal-kontoene sine.