{"id":4464,"date":"2024-12-19T10:30:51","date_gmt":"2024-12-19T10:30:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4464"},"modified":"2024-12-19T10:30:51","modified_gmt":"2024-12-19T10:30:51","slug":"bitcoin-bull-michael-saylor-willing-to-advise-president-elect-trump-on-crypto","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4464","title":{"rendered":"Bitcoin Bull Michael Saylor Willing To Advise President-Elect Trump On Crypto"},"content":{"rendered":"
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Bitcoin (BTC) bull Michael Saylor<\/a>, who is co-founder and Chairman of MicroStrategy, has expressed a desire to enhance \u201cintelligent leverage\u201d for the company\u2019s shareholders as it continues its strategy of investing heavily in the market\u2019s leading crypto.\u00a0<\/p>\n

MicroStrategy\u2019s Shares Soar 500% In 2024<\/h2>\n

In a recent interview <\/a>on Bloomberg Television, Saylor highlighted that MicroStrategy holds $7.2 billion in convertible securities, with approximately $4 billion effectively acting as equity due to their favorable trading conditions.\u00a0<\/p>\n

He noted, \u201cThey are trading with a delta of approximately 100%, looking like equity,\u201d indicating a strong correlation between the convertible bonds and the company\u2019s stock performance.<\/p>\n

MicroStrategy has emerged as a significant player in the cryptocurrency landscape this year, actively pursuing a bold plan to raise $42 billion exclusively for the acquisition and retention of Bitcoin<\/a>.\u00a0<\/p>\n

The company\u2019s shares have surged nearly 500% in 2024, significantly outpacing Bitcoin\u2019s own 150% rise during the same period, attributed in part to the firm\u2019s routine announcements of multi-billion-dollar Bitcoin purchases, which have taken place every Monday for the past six weeks.\u00a0<\/p>\n

Such activities have not only driven up MicroStrategy\u2019s stock price but have also raised questions regarding the long-term sustainability of this aggressive investment strategy.<\/p>\n

The firm\u2019s fixed-income securities have attracted attention from hedge funds seeking convertible arbitrage opportunities, a strategy that involves buying the bonds while short-selling the underlying shares. This demand has facilitated MicroStrategy\u2019s issuance of $6.2 billion in convertibles this year, further bolstering its financing capabilities.<\/p>\n

Despite concerns about the viability of its investment approach<\/a>, MicroStrategy\u2019s market capitalization has soared past $90 billion, leading to its inclusion in the Nasdaq 100 Index at the end of trading on Friday.\u00a0<\/p>\n

This milestone could trigger over $2 billion in share purchases from funds that track the tech benchmark index, according to estimates from Bloomberg Intelligence.<\/p>\n

Saylor Open To Crypto Advisory Role<\/h2>\n

In a related note, Saylor revealed during the interview that he has been actively engaging with members of President-elect Donald Trump\u2019s administration, signaling his willingness to contribute to discussions on constructive digital asset policies<\/a>.\u00a0<\/p>\n

Saylor stated that he would be open to serving on an advisory council for digital assets if called upon amid Trump\u2019s recent appointment of David Sacks, a former PayPal executive, as the first-ever \u201cWhite House AI & Crypto Czar.\u201d\u00a0<\/p>\n

As previously reported <\/a>by Bitcoinist, this role is designed to oversee the development of government policies concerning artificial intelligence and crypto, a move that aligns with Trump\u2019s campaign promise to reform US crypto regulations and foster an environment conducive to industry growth.<\/p>\n

Sacks will be tasked with creating a legal framework to provide the clarity the crypto industry has long sought, enabling it to flourish within the United States. Trump remarked, \u201cHe will work on a legal framework so the crypto industry gets the clarity it has been asking for and can thrive in the US.\u201d<\/p>\n

\"Crypto\"<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) bull Michael Saylor, who is co-founder and Chairman of MicroStrategy, has expressed a desire to enhance \u201cintelligent leverage\u201d for the company\u2019s shareholders as it continues its strategy of investing heavily in the market\u2019s leading crypto.\u00a0 MicroStrategy\u2019s Shares Soar 500% In 2024 In a recent interview on Bloomberg Television, Saylor highlighted that MicroStrategy holds […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4464","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4464"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4464\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}