Software analytics company MicroStrategy recently added more Bitcoin (BTC) to the firm’s holdings. Members of the crypto community had mixed reactions to the move. In...

MicroStrategy, a business that specializes in software analytics, has recently increased the amount of Bitcoin that it holds.The decision was met with a variety...

Bitcoin titan Michael Saylor has pointed out that wars create inflation, cripples commerce which makes the leading cryptocurrency Bitcoin (BTC) compelling. Wars Make Bitcoin Compelling: Michael Saylor The CEO of Microstrategy, Michael Saylor, has pointed out that wars create inflation and cripple commerce. This in turn makes Bitcoin (BTC) compelling as it serves as an alternative to hedge against inflation, according to him. Wars create inflation, cripple commerce, and make #bitcoin compelling. pic.twitter.com/YksI21FcXS — Michael Saylor⚡️ (@saylor) February 24, 2022 One of the common investments behind Bitcoin (BTC) is that it’s a great hedge against inflation. For instance, the number of Bitcoin (BTC) is limited to 21 million, while the number of U.S. dollars typically increases over time. With everything else being equal, if the supply of the U.S. dollar increases, the value of Bitcoin in dollars should also increase. This essentially means that the limited supply of Bitcoin is a good hedge against the increased supply of the U.S. dollar. Over $5M in BTC Raised to Support Ukrainian Army One of the largest non-governmental organizations (NGOs) providing support to Ukraine’s military, Come Back Alive, has received over $5 million in bitcoin donations after Russia launched a full-scale attack against Ukraine. At the time of writing, the wallet address has over 133 BTC. Founded in 2014, the Kyiv-based group provides support to Ukrainian soldiers, including a range of military equipment, training services, and medical supplies. At the same time, the country’s Ministry of Defence has also set up a designated bank account to accept donations for Ukrainian armies in fiat currencies.

The post Wars Create Inflation Making Bitcoin Compelling, Says MicroStrategy CEO appeared first on Cryptoknowmics-Crypto News and Media Platform.

In 2021 we saw a big wave of crypto-related companies going public in stock markets worldwide. Miners were listed left, right, and centre along with the second-biggest exchange by volume, Coinbase (according to CoinMarketCap). On top of that, we have many pre-existing companies venturing into the growing sector. Therefore, it’s good to look at those companies that stand […]

The post Best Crypto Related Stocks For Investors: Huge Upside! appeared first on Coin Bureau.

The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South America, and Africa — “all of these things have elevated institutional awareness of bitcoin.” Microstrategy Outlines Future Outlook for Bitcoin The Nasdaq-listed software company Microstrategy discussed […]