Microstrategy and Michael Saylor could be the greatest risk to BTC

Microstrategy and Michael Saylor could pose the greatest risk to Bitcoin as the price is in a precarious position after the massive sell-off in the market. All of this has happened, the company’s CEO continues to buy his BTC and add to the significant position of the company, but what could this mean for the number one cryptocurrency? We find out in our latest Bitcoin news.

While many market participants cheer Saylor’s decision every time he tries to buy more BTC, the more BTC the company holds, the greater the risk to the top cryptocurrency and its network, and here’s why. Given the cost opposing today’s popular opinion and the risks involved, there is a need to attract more attention to Bitcoin, which is being achieved thanks to Michael Saylor.

New MicroStrategy purchases now involve additional systemic risk.

When there are no other comparable buyers, the purchase confirmation sells news events.

– Charles Edwards (@caprioleio) June 22, 2021

The whole point of BTC is that no third party or other actor can influence the currency network, as even the creator of the coin disappears from existence for this very reason. The appearance of doll figures in the crypto room is new to Elon Musk, who appears out of nowhere and commands crowds of crypto owners as they listen. Dogecoin shot up, as Musk said, but then it came true and now it’s almost impossible to do anything.

Musk’s influence is undeniable as Tesla is nowhere near as good as Microstrategy as the company went from a software solutions company to a crypto-exposed asset and has done well for MSTR stock to this day. Since Saylor has consistently topped up BTC over the past year, he’s currently lost with his purchase price and if he continues to add he could become the target of whales trying to force the company to liquidate their positions.

Saylor is still pretty strong while Musk had a great time so the man is still being commended for his commitment to cryptocurrency and its introduction. He’s also a great person and spends his time talking to people online about cryptocurrencies and promoting more education and advocacy around the world. The point is, he is not afraid of the risks that could cause him and his company to become targets. Since Musk turned around too, there is an example of the damage that can be done if he is put on record. So if Saylor is forced to sell BTC and turn away from BTC, how bad could it get?

Microstrategy and Michael Saylor could even be at the heart of centralization, because having multiple coins in the hands of one person can have dangerous effects, even with the best of intentions.

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