Michael Saylor is arguably the most influential person in Crypto right now, his words move markets
The Bitcoin for Corporations Event Concluded yesterday and its impacts on the markets are plain as day.
While the price of bitcoin isn't soaring, yet, when you look at the underlying activity, you can see very clearly what his impact has been.
Taking a look at the flows to and from Exchanges for example, show a very interesting picture.
Check this out:
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As you can see there was a huge surge in the amount of bitcoin leaving exchanges shortly after the Bitcoin for Corporations Event concluded.
Coincidence?
I think not!
While one might say that is just a coincidence if the numbers only showed a slight surge after the event, instead they show (roughly) the largest surge of the year.
This is very likely the Michael Saylor effect.
Corporations went out and started buying on exchanges and moving them to cold storage immediately after the presentation, likely with the Saylor playbook in hand.
It's funny how quickly this guy has become the face of bitcoin to the traditional finance world.
But wait, there's more...
Another interesting thing in all this to me is how strong bitcoin has been and how weak gold has been.
My good friend Tom Lee didn't miss this either...
(Source: ~~~ embed:1357788610456616969) twitter metadata:ZnVuZHN0cmF0fHxodHRwczovL3R3aXR0ZXIuY29tL2Z1bmRzdHJhdC9zdGF0dXMvMTM1Nzc4ODYxMDQ1NjYxNjk2OSl8 ~~~
He also pointed out how weak gold has been in the face of incredible strength from bitcoin.
This is likely all part of the rotation out of gold and into bitcoin by large institutions to meet their store of value investment needs.
Gold may end up benefiting if inflation does take root, but bitcoin stands to lap it tremendously in that environment.
2021 is looking like it's going to be a very fun year for bitcoin and crypto investors!
Stay informed my friends.
-Doc
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What do you think will happen when they get familiar with DeFi returns?
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DeFi is going to moon when it dawns on the WSB bros and the rest that they need a platform that cannot censor their trades...
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It will be interesting how comfortable they get going beyond bitcoin. My guess is that will take a while still. Bitcoin is a different animal that just about everything else.
It's really interesting to watch bitcoin right now. I think it will grow. And our future will definitely be linked to cryptocurrencies, which are now in great demand. All that remains is to find the right one for yourself and become an investor.
It will be interesting to see if this cycle takes it as high as the previous cycle highs did.
I also saw Michael Saylor in an interview by Binance streamed in Theta.tv, he is very knowledgeable on the subject matter of blockchain and crypto currency.
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Good stuff!
Cryptocurrency still has a certain threshold to allow for influence..
I've always thought Elon Musk has the most influence on cryptocurrency (recently) , doing just as little as Tweeting 😀..
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I am so glad I saw this coming.....it earned me a little and saved me a lot of losses on my trading portfolio
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Sometimes saving losses is more important than receiving gains. :)
I like that.
thank you for keeping us constantly informed