Author: Caitlin Carey

Caitlin is a crypto evangelist with a deep curiosity and passion for learning and writing about everything to do with cryptocurrency. She has a background as a performing artist and songwriter and is a digital media enthusiast, with a bachelor degree in Multimedia.

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MicroStrategy is HODLing 91,579 BTC Announcing 10% Revenue Growth for 2021

https://twitter.com/MicroStrategy/status/1394734551432323076

Michael Saylor’s big Bitcoin moves have delivered profitable returns for MicroStrategy investors as the company announced a 10% growth in revenue for Q1 2021.

Q1 2021 MicroStrategy Business Highlights

The MicroStrategy First Quarter webinar shows the company acquired 20,857 BTC for and average buying price of $52,087, using proceeds from convertible notes and excess cash.

Michael Saylor is Corporate America’s Poster Boy for Bitcoin

He is the man who became the first CEO of a publicly listed company to purchase Bitcoin for MicroStrategy shareholders, in August 2020. Following Saylor’s lead, other major institutions have jumped on the bandwagon of acquiring Bitcoin, including: Greyscale, Goldman Sachs, Tesla, PayPal, and Visa.

Alotta Money NFT

Michael explains:

Conventional treasury strategies are broken… What are you gonna do? Look at the last 12 months: ROI; Bitcoin is up 461%. S&P is up 25%. If you invested all of your treasury assest in the S&P, you’d’ve kept up with the price of Capital… Gold: up 9%. It’s a disaster; it’s not keeping up with the cost of Capital.

Michael Saylor

As the value of the dollar is becoming more and more inflated, and BTC and other cryptocurrencies out perform traditional stocks, big money is now looking to Bitcoin as a better store of value.

So Why Bitcoin? … I have to manage shareholder value and if you want to maintain or grow shareholder value, you’re gonna have to grow your assets at a rate faster than the cost of Capital.

Michael Saylor

Michael is an enthusiastic evangelist and a pioneer for the movement of mass adoption into investing in Bitcoin. He tweets regularly on the topic and shares his knowledge and opinions freely in interviews, on why he believes Bitcoin to be a superior asset.

Bitcoin as a Store of Value

We’ve heard enthusiasts say over and over that “Bitcoin is a store of value“. It’s “better than gold”. It’s “The Best performing asset”, like, ever. The proof is in the pudding. Actually it’s in Michael Saylor’s MicroStrategy End of Financial Quarter Results report.

Caitlin Carey – Crypto News Guest Author

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Crypto News Cryptocurrencies Cryptos Dogecoin

Mark Cuban talks about Dogecoin on the Ellen Show, with 2.6 Million Viewers

Mark Cuban told Ellen that he accepts the Dogecoin cryptocurrency as payment for his Mav’s basketball team merchandise and suggested she should do the same for her Ellen shop.

“Should I buy some Dogecoin?” is possibly the most popular question coming from the mouths of noobs looking to get into crypto over the past several weeks and months. And with Mark Cuban telling the 2.6 million viewers on the Ellen show to go buy DOGE, will surely help its poularity grow.

Dogecoin Started as a Joke

The meme coin that started off as a joke, has performed insanely well, much to the surprise of the more serious crypto investor. Dogecoin has climbed into the top cryptocurrencies on CoinGecko, currently sitting at #7 under well known majors; Bitcoin, Ethereum, Binance coin, Ripple and Cardano.

It went from being a crypto currency joke, to now becoming something that’s becoming a digital currency.

Mark Cuban

Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer, as a payment system free from traditional banking fees. Since, it has gained a huge online following and made headlines again recently by hitting it’s all time high of 0.40c per coin, rising over a whopping 450% in value over just one week.

Cryptocurrency is just an asset to invest in. Bitcoin is like a digital version of Gold, Ethereum is a digital version of a currency and then you’ve got Dogecoin… which is just fun!

Mark Cuban

Is Dogecoin a Good Investment?

Because Dogecoin started as a joke and has limited utility, some might say it’s not even an investment at all. However, it certainly has strong branding and provides a great way to introduce new people into the cryptocurrency space.

We’re seeing some shops have starting accepting DOGE as payment, such as merchandise on the Dallas Maverick Store, owned by Mark Cuban. And with such a strong meme presence and an army of famous ambassadors such as Elon Musk and Snoop Dogg shilling the project on social media, love it or hate it; Dogecoin is here to stay.

Caitlin Carey – Crypto News Guest Author