Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Saylor Willing to Advise on U.S. Crypto Policy After Trump Appoints ‘Crypto Czar’

Saylor Willing to Advise on U.S. Crypto Policy After Trump Appoints ‘Crypto Czar’

CryptodnesCryptodnes2024/12/20 03:55
By:Cryptodnes

MicroStrategy has become one of the most prominent players in the cryptocurrency space, focusing heavily on Bitcoin investments.

The company’s strategy, which has dramatically increased its Bitcoin holdings, has significantly impacted its stock market performance, driving its shares up nearly 500% in 2024 alone.

MicroStrategy’s aggressive Bitcoin purchases have been a key driver of its stock surge, far outpacing Bitcoin’s own gains. The firm’s approach involves leveraging convertible securities, which have now reached $7.2 billion. Due to favorable trading conditions, a large portion of these bonds is acting like equity, boosting investor confidence. However, this unconventional strategy has attracted both admiration and skepticism, with many questioning the long-term viability of relying so heavily on Bitcoin’s volatile nature.

This approach, including ongoing Bitcoin acquisitions every Monday, has drawn the attention of hedge funds eager to take advantage of convertible arbitrage opportunities, contributing to the issuance of $6.2 billion in convertible bonds in 2024. MicroStrategy’s market capitalization has skyrocketed to over $90 billion, earning the company a spot in the Nasdaq 100 Index. As a result, funds that track the index are expected to purchase over $2 billion in shares.

READ MORE:
Crypto Expert Warns of Market Dip Before Trump’s Inauguration

Alongside these business moves, Saylor has also expressed a willingness to help shape U.S. crypto policy. He has been in contact with President-elect Donald Trump’s team and is open to serving in an advisory role related to digital assets. This comes after Trump’s appointment of David Sacks as the “White House AI Crypto Czar,” tasked with developing a regulatory framework for cryptocurrencies.

MicroStrategy’s success in the crypto space, coupled with its strategic vision for Bitcoin, showcases a bold financial direction that is increasingly influencing the broader digital asset landscape.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!