Saylor join Bloomberg Index wit $7.37B on Bitcoin and MSTR
Michael Saylor show face for Bloomberg Billionaires Index for rank 491 wit net worth of $7.37 billion, na carry by MicroStrategy stock gains and Bitcoin price rally. E get $650 million cash and $6.72 billion MSTR shares. MicroStrategy company reserve get 659,739 BTC (about 3.4% of the BTC wey dey for market), but the 17,732 BTC wey dey for im personal account still never confirm for net worth calculation. From the year start, Saylor net worth don climb about $1 billion (16%), MicroStrategy stock don increase 12% and Bitcoin don jump high. Bloomberg update show say hin money fit waka up and down $167 million for one update, showing how market dey shake. After dem no let MSTR enter S&P 500, the shares drop almost 3% after market and e don drop 15% for 30 days. Crypto traders need dey watch Bitcoin price and MicroStrategy share to sabi when market fit shake for short time and also to sabi long term trend.
Neutral
Di tori Michael Saylor enter Bloomberg Billionaires Index show say plenty institutional interest dey for Bitcoin and MicroStrategy, wey strong stock gains and big Bitcoin reserves support. For short term, e get chance say volatility go happen as traders dey react to MicroStrategy shares drop after dem miss S&P 500 inclusion and dey watch Bitcoin price movement (recent wealth update show $167 million move per update). For long term, Saylor high profile and corporate Bitcoin holdings dey strengthen institutional demand, wey go support broader Bitcoin adoption. To balance all these factors na neutral effect e go get for Bitcoin price, as e get both bullish drivers and short term volatility wahala.