Michael Saylor got wrecked, but Bitcoin investors needn’t panic By Cointelegraph
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Michael Saylor got wrecked, but Bitcoin investors needn’t panicAs cryptocurrency investors know, the market moves in cycles. We had the up-cycle when (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town.
One of them mauled MicroStrategy founder and executive chairman Michael Saylor this week. In this case, it was a very powerful bear — Washington, D.C. Attorney General Karl Racine — suing the Bitcoin evangelist for allegedly owing $25 million in unpaid taxes. MicroStrategy’s stock price has fallen more than 13% on the news, from $251 on Aug. 29 to less than $220 on Sept. 1.
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Michael Saylor got wrecked, but Bitcoin investors needn’t panicAs cryptocurrency investors know, the market moves in cycles. We had the up-cycle when (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town.
One of them mauled MicroStrategy founder and executive chairman Michael Saylor this week. In this case, it was a very powerful bear — Washington, D.C. Attorney General Karl Racine — suing the Bitcoin evangelist for allegedly owing $25 million in unpaid taxes. MicroStrategy’s stock price has fallen more than 13% on the news, from $251 on Aug. 29 to less than $220 on Sept. 1.
Continue Reading on Coin Telegraph
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