- Max Keiser supports Strategy’s Bitcoin-focused strategy, agreeing that the company’s stock price could rise significantly as Fiat declines.
- GameStop’s decision to invest in Bitcoin could trigger a major buying frenzy, according to Keiser, potentially disrupting financial markets.
- Strategy now holds over 506,37 BTC, worth $41.3 billion, after purchasing 4,991 more Bitcoin for $584.1 million this week.
Bitcoin advocate Max Keiser has once again expressed strong support for Strategy (MSTR), the Bitcoin-powered company led by Michael Saylor. Keiser, who advises El Salvador’s president on Bitcoin, reaffirmed his bullish outlook on the firm’s future in a recent social media post.
Keiser responded to an X post by Adam Livingston, author of “The Bitcoin Age,” who described Strategy as “the OBELISK of CAPITAL INVERSION.” Livingston believes fiat currency depreciation will significantly boost Strategy’s valuation, stating that the company’s stock price has no upper limit. Keiser reinforced this perspective by responding with a “100%” emoji, showing his agreement with Livingston’s claim.
GameStop’s Bitcoin Investment Sparks Debate
Keiser also commented on the major shift within GameStop, which announced plans to invest its spare cash reserves in Bitcoin. This decision follows Strategy’s long-standing approach to using Bitcoin as a primary asset.
Sharing his views on social media, Keiser said that the combination of GameStop and Bitcoin introduces a completely new dynamic. He emphasized that the GameStop community, known for its involvement in stock market disruptions, could trigger a powerful Bitcoin buying frenzy. Keiser noted that this group includes traders who use platforms like Robinhood and Reddit to influence market trends.
Keiser’s Take on GameStop’s Motivation
Keiser suggested that GameStop investors have a different objective than Strategy. While Saylor’s company aims to promote Bitcoin as a global monetary standard, GameStop’s approach may be more disruptive. Keiser described this strategy as an effort to upend traditional financial systems for entertainment. He referred to this move as “beautiful anarchy,” highlighting how it could shake up global markets. GameStop’s stock surged by 6% following the announcement.
Strategy Adds to Its Bitcoin Holdings
Meanwhile, Strategy continues to increase its Bitcoin reserves. Michael Saylor announced earlier this week that the company purchased an additional 4,991 BTC for approximately $584.1 million.
Following this acquisition, Strategy now holds a total of 506,37 BTC, surpassing the half-million mark. At the current price of $88,196 per Bitcoin, the company’s Bitcoin holdings are valued at around $41.3 billion. The recent increase in Bitcoin’s value further strengthens Strategy’s position as a major institutional investor in the cryptocurrency market.
