Legendary Angel Investor Criticizes MicroStrategy's Bitcoin Policy: Could Disrupt the Game! - Coin Bulletin

Jason Calacanis, considered one of the most successful angel investors in the world, suggested that MicroStrategy's massive Bitcoin purchases could 'disrupt the game of Bitcoin'.

Under the leadership of Michael Saylor, MicroStrategy is currently the largest corporate Bitcoin holder in the world, with approximately $43.4 billion worth of Bitcoin. While the company's strategy has increased institutional interest in Bitcoin, some experts believe that this situation could have negative effects in the long run.

According to information conveyed by Barron's, MicroStrategy shareholders can vote to increase the company's authorized share count to over 10 billion. This could theoretically pave the way for MicroStrategy to purchase all the BTC in the market.

Calacanis pointed out the negative aspect of this

Please provide the text to be translated. Calacanis sees MicroStrategy's massive purchases as a potential risk for the Bitcoin ecosystem. According to him, the company's accumulation of Bitcoin on this scale may deter future new Bitcoin buyers from investing in this asset. Please provide the text to be translated. Calacanis, stating that "Everyone will rightfully think they work for Saylor," argued that MicroStrategy's effect on Bitcoin could in the long term direct investors to other alternatives. In particular, it is stated that establishing such a large dominance by a single player could undermine Bitcoin's vision of decentralization.

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Distangervip
· 2024-12-25 11:12
You need to take a closer look at MicroStrategy, what they are actually doing, besides buying Bitcoin. This seems like greed, which usually leads to no good. But something is off here - there are other aspects of their business - software development, as far as I know....
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