- Virtual assistant Grok estimated what the price of BTC would have been without Strategy’s investment.
- According to the AI, kriptovalyuta would cost $10,000-20,000 less.
- Michael Saylor’s company’s purchase of Bitcoin is profitable for hodlers, but it eats into traders’ profits.
Редакция Happy Coin News found outOn April 20, Strategy bought a record amount of Bitcoin, leaving many people wondering how much BTC would be worth if Michael Saylor’s firm hadn’t bought the cryptocurrency.
One of those who asked this question was economist Peter Schiff, who wrote on social media:
This is insane. I wonder how much lower the Bitcoin price would be right now without Strategy’s buying. This can’t go on forever. Collapse is inevitable. The higher you build the pyramid, the greater the losses will be when it collapses.
Virtual assistant Grok took it upon himself to estimate what the price of BTC would have been if Strategy hadn’t invested in it. Considering the fact that the organization currently holds kept 815,061 BTC worth $57 billion, AI reasonably suggested, that without the inflow of capital from the company kriptovalyuta would be much cheaper. In his opinion, the price of the digital asset would be $10,000-20,000 lower depending on the activity of crypto whales.
Strategy Company Statistics
The current Bitcoin rate is $75,682, according to Grok, without any investment from Strategy. kriptovalyuta would have cost $55,682 in the worst case. That is, the collapse that Schiff is threatening would not have happened, but the level of volatility in the coin’s price would have been higher, which would have made Bitcoin a more attractive asset for swing trading and other trading strategies based on short- or medium-term trades. Thus, the actions of Saylor’s company employees benefit BTC hodlers but deprive traders of some of their profits.
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