Even More Orange: Saylor Sees Bitcoin Bull Run, Hints at More Buying
By Kevin Helms
Michael Saylor hinted at another Strategy bitcoin purchase after declaring that a new bitcoin bull market was beginning. His latest orange-themed chart showed 848,517 BTC valued at approximately $66 billion, following a week without acquisitions. Saylor Shares Another Orange-Themed Bitcoin Signal Strategy Inc.…
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Explained in this story
Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinBull market
A period in which prices in a financial market rise steadily and investor confidence is high.
Bull markets lift the value of savings and pensions invested in shares.
More about Bull marketAcquisition
The purchase of one company by another, giving the buyer control of the target's business.
Acquisitions can speed growth for the buyer but raise competition and job concerns.
More about AcquisitionMore in Bitcoin
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