On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy. Dell CEO Michael […]
Bitcoin News
Billionaire Bitcoin Advocate Michael Saylor Agrees to $40 Million Settlement in Tax Evasion Case
The billionaire Bitcoin advocate Michael Saylor has reportedly agreed to pay million to settle an income tax evasion dispute with the District of Columbia Attorney General. The settlement ended the Attorney General’s lawsuit, in which it accused Saylor of falsely claiming to be a resident of Virginia or Florida to underpay taxes. D.C. Nets […]
Bitcoin News
Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’
Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin. In “What Bitcoin Did,” Peter McCormack’s podcast, Saylor stated this approval gives rise to a crypto asset class, including several use cases like tokens, NFTs, and defi, with Bitcoin at […]
Bitcoin News
Michael Saylor Foresees U.S. Pension Funds’ Bitcoin Adoption
Michael Saylor, co-founder of Microstrategy and a prominent Bitcoin advocate, recently suggested in a social media post that U.S. pension funds, which collectively manage approximately trillion in assets, will need to incorporate bitcoin into their portfolios. He stated, “There are thousands of pension funds in the United States managing ~ trillion in assets. They […]
Bitcoin News
MicroStrategy’s Saylor Bashes Ethereum (ETH), Cardano (ADA) and Ripple (XRP); Traders See Rollblock (RBLK) as a Safe Bet
The CEO of MicroStrategy, Michael Saylor, recently critiqued Ethereum (ETH), Cardano (ADA) and Ripple (XRP) as he labeled them securities. This brought about a lot of talk among traders as they now look at safer options like Rollblock (RBLK). Analysts hint that this Stage 1 presale star could be the next .5 token in 2024 and one of the best cryptos to buy.
Michael Saylor: Ethereum ETF Will Never Come
One of the top crypto coins, Ethereum (ETH), has been in the headlines recently. MicroStrategy’s CEO, Michael Saylor, predicted that the US SEC will dismiss spot Ether ETFs listing and trading applications. Saylor said that he expects this decision because the US CFTC will not be able to supervise Ethereum as a commodity but as a crypto-asset security.
This Ethereum news may trigger a bear run for this crypto. Nevertheless, the Ethereum crypto value jumped 60% in the past year alone while its market cap soared to 9B. Additionally, 11 technical indicators are flashing buy signals for Ethereum. Thus, market analysts predict Ethereum will reach a value of ,137 before Q2 of 2024 ends.
Charles Hoskinson Responds to Michael Saylor’s Cardano (ADA) Comments
In that same speech, Michael Saylor stated that many other top crypto coins, such as Cardano (ADA), will be treated as crypto asset securities as well. However, the co-founder of Cardano, Charles Hoskinson, responded to this claim. He claims that Michael Saylor is a Bitcoin maximalist who constantly bashes anything that is not Bitcoin.
When it comes to the Cardano coin value, it saw an 18% growth in the past 12 months while its market cap held at B. Not only that, Cardano is now trading above its 200-day EMA. As a result of all this bullish Cardano news, experts believe it is still a good crypto to buy. They foresee a surge to .57 within Q2 of 2024.
Pro-Ripple (XRP) Lawyer Bill Morgan Responds to Michael Saylor
Michael Saylor also stated that the Ripple (XRP) crypto will be deemed a security. XRP lawyer Bill Morgan has criticized Michael Saylor’s understanding of the cryptocurrency market in response to Saylor’s comments about altcoins. Differentiating between Ripple and XRP, Morgan noted that a court has already ruled that XRP is not a security.
This Ripple news may cause a bullish rally for this crypto. In terms of the Ripple coin value movement, it surged 17% on the YTD chart. Furthermore, there are now 15 technical indicators in the green for Ripple. Therefore, market analysts foresee Ripple hitting a value of .62 before Q2 of 2024 ends.
Rollblock (RBLK): Among the Best Cryptos To Invest In
Michael Saylor’s remarks have also led traders to talk about Rollblock (RBLK) as a safer option in this volatile crypto market. Rollblock is a community-driven GambleFi protocol that combines decentralization with centralization in online gambling. Thus, Rollblock has tremendous potential to become a dominant force in this 0B market.
Although this market is flourishing, it also has many issues plaguing it, such as high entry barriers and intrusive sign-up KYC checks. Rollblock removes these problems by requiring no additional downloads and installations. Users can now just sign up using an email address and begin playing the casino games in complete anonymity, as no KYC checks are needed.
The RBLK utility token will be the backbone of this innovative platform. Holding this token entitles you to obtain a portion of daily profits generated by Rollblock. Additionally, staking this token will bring you extra passive income and immediate rewards, which can be used in the casino or saved.
Currently, one RBLK costs only .01 as it is in Stage 1 of its presale. However, demand is high as over 9M tokens have already been sold. This is because as the presale advances, so will its value. The RBLK price is expected to increase 1200% in the presale alone. Prominent market analysts foresee a potential surge to .5 once a Tier-1 CEX lists RBLK in Q3 of 2024 – making it the best crypto investment.
Will Rollblock Leave Ethereum, Cardano and Ripple in the Dust?
Rollblock has a small market cap of M, but has a high probability of seeing a much higher % return than Ethereum, Cardano and Ripple. For its price to skyrocket, it needs fewer new funds than these competitors. With this advantage, RBLK can become one of the best cryptos to buy.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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The Next Big Catalyst For Bitcoin? What Michael Saylor Predicts
In an interview with journalist Natalie Brunell, Michael Saylor, executive chairman and co-founder of MicroStrategy, laid out his vision for what could next propel the price of Bitcoin. His insights come at a time when the digital currency landscape is experiencing pivotal regulatory and institutional developments.
The Next Big Catalyst For Bitcoin Price
Saylor pinpointed the specific moment he believes heralded the onset of a new era for Bitcoin. “January of 2024 marked the beginning of the period of corporate adoption of Bitcoin,” he stated. The significance of this shift, according to Saylor, is tied closely to regulatory approvals and the distinctive path Bitcoin is carving for itself amidst a sea of digital assets.
The crux of Saylor’s argument is the US Securities and Exchange Commission’s (SEC) decision-making process regarding cryptocurrency spot Exchange-Traded Funds (ETFs). He described the SEC’s approval of Bitcoin spot ETFs as the “first big catalyst.” This regulatory nod not only legitimizes Bitcoin in the eyes of institutional investors but also enhances its appeal as a viable corporate treasury asset.
Now, Saylor argues that the next decisive moment will hinge on the SEC’s handling of other cryptocurrencies. “The second big catalyst will be the SEC’s denial of every other crypto application for spot ETFs,” Saylor explained. By denying these applications, the SEC would effectively position Bitcoin as the premier, unreplicated choice among cryptocurrencies, an outcome Saylor sees as critical for dispelling doubts about Bitcoin’s long-term viability and uniqueness.
“And when we actually see the regulators deny the applications of the copies of other crypto assets, then we will have checked the box. It won’t be banned, it won’t be copied,” Saylor remarked.
Expanding on the implications of such regulatory decisions, Saylor employed a metaphor involving the choice of materials in large-scale engineering projects. He compared the decision-making process in corporate investment in Bitcoin to choosing between steel or bronze for constructing a skyscraper.
“Once you realize there’s just steel and there is no second best metal for structural civil engineering, the project moves forward,” he noted. In this analogy, Bitcoin is likened to steel — the foundational material without substitute — clearing any hesitation about its adoption in corporate portfolios.
Should we be watching for another catalyst that will spur more #Bitcoin adoption?
"The first big catalyst was the SEC's approval of spot #ETFs for Bitcoin…the second big catalyst is going to be the SEC's denial of every other #crypto application for a spot ETF…" –@saylor… pic.twitter.com/4aKarg6eAS
— Natalie Brunell
(@natbrunell) May 6, 2024
Notably, this narrative is timely as the crypto sector watches the SEC closely, particularly with regard to Ethereum, the second-largest cryptocurrency by market cap. The final deadline for the SEC to approve or deny the VanEck spot Ethereum ETF is May 23, 2024, a decision that has been postponed repeatedly.
Bloomberg’s senior ETF analyst, Eric Balchunas, noted a decrease in the likelihood of approval in March, citing a lack of communication between the SEC and ETF applicants, which he viewed as a negative signal for Ethereum’s immediate ETF prospects.
At press time, BTC traded at ,835.
Michael Saylor Warns of Deepfake Bitcoin Giveaway Scams Featuring Him and Microstrategy
Microstraetgy’s executive chairman, Michael Saylor, has warned about new bitcoin giveaway scams using AI-generated deepfake videos featuring him and his company. “There is no such thing as a free lunch,” the Microstratgy executive stressed. The deepfake Saylor urges investors to send him bitcoin or ether, promising to double any amount sent.
Saylor Warns of Deepfake Bitcoin Giveaway Scams
A wave of scams targeting cryptocurrency investors using AI-generated deepfake videos has swept across platforms like Youtube and X, with Ripple CEO Brad Garlinghouse and Microstrategy executive chairman Michael Saylor among the prominent figures featured.
On Friday, Saylor issued a warning about fraudulent deepfake videos of him and Microstrategy giving away bitcoin appearing on Youtube. The AI-generated videos prompted him to urge his followers to exercise caution, emphasizing: “There is no such thing as a free lunch.”
The video shows a deepfake of Saylor urging viewers to send him bitcoin, promising to double the amount. He also claimed that the SEC approving a spot bitcoin exchange-traded fund (ETF) would send the price of BTC to a staggering million. Clicking on the video link directs you to a scam website claiming to offer the “biggest crypto giveaway” with 1,000 BTC and 10,000 ETH up for grabs. The website encourages immediate participation with limited spots available and no crypto knowledge required.
“During this unique event, you have the opportunity to take a share of 1,000 BTC & 10,000 ETH. Have a look at the rules and don’t miss out on this. You can only participate once!” the website details. “Our model is based on guaranteed outcome,” the deepfake, AI-generated Saylor said, urging investors to scan the QR code that appears on their screen.
Saylor recently revealed that he is selling 6 million of Microstrategy’s shares with a plan to buy more bitcoin for his personal holdings. While the executive chairman has not disclosed how much BTC he owns recently, he said in October 2020 that he personally owns 17,732 BTC. Meanwhile, his software intelligence firm publicly reported holdings of 189,150 bitcoin as of December 2023.
What do you think about deepfake bitcoin scams featuring Microstrategy’s executive chairman, Michael Saylor? Let us know in the comments section below.
New US Crypto Tax Law, SEC Still Processing BTC ETFs, Saylor Buys More BTC, and More — Week in Review
The U.S. introduces stringent tax reporting laws for transactions over ,000, while the SEC grapples with a backlog of paperwork for pending spot Bitcoin ETFs. Meanwhile, Michael Saylor sells Microstrategy shares to increase his bitcoin holdings, and CNBC’s Jim Cramer hails Bitcoin as a “technological marvel.”
New Crypto Tax Law Takes Effect in US: Transactions of ,000 or More Must Be Reported to IRS Within 15 Days
Starting January 1, 2024, a new U.S. tax law mandates individuals and businesses to report cryptocurrency transactions over ,000 to the IRS within 15 days, detailing sender information and transaction specifics. Failure to comply could result in felony charges. This regulation, part of the Infrastructure Investment and Jobs Act, applies to both individuals and businesses involved in crypto-related trade or business, but the lack of clear Treasury guidance on compliance specifics raises concerns among entities like Coin Center, a crypto policy advocacy group.
SEC Still Processing Spot Bitcoin ETF Paperwork, Report
Expectations are high for the U.S. Securities and Exchange Commission (SEC) to approve spot bitcoin ETFs, with speculation about an announcement either later this week or early next week, as the January 10 deadline looms. Despite rising bitcoin prices in anticipation, sources suggest the SEC still has considerable paperwork to review. While some reports indicate potential early-week approvals, others, citing the volume of paperwork, lean towards a decision closer to the deadline. The market is watching closely for the SEC’s decision, which could include multiple ETF approvals.
Michael Saylor Selling 6 Million of Microstrategy’s Shares, Plans to Buy More Bitcoin
Michael Saylor, Executive Chairman of Microstrategy, plans to sell 315,000 shares of his company’s stock, valued at approximately 6 million, according to an SEC filing. This move is part of a pre-arranged trading plan involving the sale of up to 400,000 shares. Saylor intends to use some of the proceeds from this sale to purchase more Bitcoin for his personal holdings. The decision to exercise his stock option, expiring in April 2024, also addresses personal financial obligations. As of December 2023, Saylor personally owned 17,732 BTC, while Microstrategy reported holdings of 189,150 bitcoin.
Jim Cramer: Bitcoin Can’t Be Killed — It’s a Technological Marvel That Is Here to Stay
Jim Cramer, known for his previously mixed stance on Bitcoin, has recently made bullish statements about the cryptocurrency. During a CNBC segment, Cramer, a former hedge fund manager and co-founder of Thestreet.com, recognized Bitcoin as a “technological marvel” and emphasized its resilience, stating, “This thing, you can’t kill it.” Cramer, who once advocated for Bitcoin and later shifted to skepticism due to ransomware concerns and regulatory issues, notably advised against crypto investment in December 2022 but now acknowledges Bitcoin’s staying power amidst discussions on the potential approval of spot Bitcoin ETFs by the SEC.
What are your thoughts on the state of crypto tax laws? You can let us know in the comments section below.
Michael Saylor Selling $216 Million of Microstrategy’s Shares, Plans to Buy More Bitcoin
Microstrategy’s executive chairman, Michael Saylor, is selling 6 million of his company’s shares, according to a filing with the U.S. Securities and Exchange Commission (SEC). The pro-bitcoin executive intends to use some of the proceeds to acquire additional bitcoin for his personal holdings.
Michael Saylor Plans to Buy More Bitcoin for Himself
Microstrategy (Nasdaq: MSTR)’s executive chairman, Michael Saylor, plans to sell 315,000 shares of his company’s common stock worth 6 million, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Jan. 2.
Microstrategy previously disclosed Saylor’s plan to sell up to 400,000 shares of company stock over four months. In its November 10-Q filing with the SEC, the Nasdaq-listed firm explained that the pre-arranged 10b5-1 trading plan, triggered by a stock option that expires on April 30, 2024, involves daily sales of 5,000 shares contingent on a minimum price condition.
During Microstrategy’s Q3 2023 earnings call on Nov. 2, 2023, Saylor explained that he plans to use some of the proceeds to buy more bitcoin for his personal account.
“I was granted a stock option in 2014 with respect to 400,000 shares, which is going to expire next April if I don’t exercise it by then,” the executive chairman began. “For almost a decade now at my request, the company has only paid me a salary and I’ve chosen not to be eligible for any cash bonuses.” Saylor continued:
Exercising this option will allow me to address some financial obligations as well as to acquire additional bitcoin for my personal account.
While Saylor has not disclosed how much bitcoin he owns recently, he said in October 2020 that he personally owns 17,732 BTC. Meanwhile, his software intelligence firm publicly reported holdings of 189,150 bitcoin as of December 2023.
What do you think about Microstrategy’s executive chairman, Michael Saylor, selling his company’s shares and planning to use some proceeds to buy more bitcoin for his own holdings? Let us know in the comments section below.
MicroStrategy’s Michael Saylor Calls Bitcoin An Institutional-Grade Asset Destined For $1 Million
Microstrategy’s Executive Chairman and Co-founder, Michael Saylor, is one who always uses every opportunity to heap praises on the flagship cryptocurrency Bitcoin. Once again, he didn’t disappoint, as BTC was the center of discussion in his latest media appearance.
Bitcoin Going To Million
In an interview with CNBC, Michael Saylor stated that Bitcoin is going to million if it isn’t going to “zero.” He noted that the “big question” in relation to BTC’s potential was whether or not the digital asset was legitimate. According to him, if Bitcoin is a “legitimate institutional asset,” then everybody is “under-allocated” to it.
His comment about Bitcoin possibly hitting million seems to stem from his belief that Bitcoin as an asset is still untapped, as he expects many institutional players to get in on the crypto token. He noted how 99.9% of the world’s capital is currently tied to other global assets like bonds, real estate, stocks, and precious metals. However, expects that to change soon enough.
That change, he believes, will stem from education about digital assets. From that, Saylor says more and more people will realize that they ought to be allocating more and more of their capital to digital assets. Interestingly, he labeled BTC as a “digital transformation of capital,” alluding to its disruptive nature.
These institutional players could well be allocating more of their capital to BTC as early as 2024. The new rule by the Financial Accounting Standards Board (FASB) recently opened the door for firms to include cryptocurrencies like Bitcoin on their balance sheet. As such, we could see other tech firms adopt Microstrategy’s “Bitcoin Strategy.”
BTC Is Going Foward In 2024
Saylor also discussed several macro factors that he considers bullish for Bitcoin going into the new year. These factors include the potential approval of a Spot Bitcoin ETF, the loosening of monetary policies, and wider BTC adoption in countries suffering from inflation.
He also alluded to the BTC Halving event, which he believes is also bullish for the Bitcoin ecosystem. All these factors form a “confluence of very bullish milestones,” which Saylor projects are going to happen over the next six months.
Saylor will undoubtedly be fulfilled when his company’s Bitcoin strategy has panned out as Microstarategy is currently in profit with its Bitcoin acquisitions. The company’s stocks are also flying high as it recently hit a 2-year high, thanks in part to its BTC exposure.
At the time of writing, BTC is currently trading at around ,000, up over 4% in the last 24 hours according to data from CoinMarketCap.