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Are we getting to a point where #Microstrategy is forcing the institutions to buy crypto soon?
If that is the plan, I think it is a hail Mary for the crypto world. It will land where it could. The news about Walmart using crypto for payment is surely a brain freeze. Walmart does not mess with its payment system that easy. Till today they do not allow any Apple pay, Samsung pay or whatever pay to come into their payment system. Big enough to run the show themselves and keep the upper hand.
If something will come down, it maybe a consortium with Visa or MC to bring it for them. Big stores do not waste time on changes they do not know that can disrupt the bottom line for the shareholders. In the meantime #Microstrategy is turning head by amassing more Bitcoin. Flip of the wrist, they sold #MTSR shares to get the funds. In return they purchased BTC with it. This time they purchased 5050 btc. Now you see why BTC will have to go up in the future. So far they paid $3.18 billion for all the BTC they got. They hold now 114,042 BTC. Quite impressive for a company that is dealing with cloud service.
Imagine one BTC is price at $100k/BTC. It will be for the company a staggering value of more than $11 billion. This is a lot of dough just in BTC. Amazon and Apple alone are worth more and they do not have BTC on the balance sheet. Sometimes when you trickle down big numbers, they become small in the long run. This is the nature of valuation and this is where the world is heading. As more use case for cryptos are coming to life, you will hear more number.
I read a comprehensive post from @dalz earlier today explaining the intricacies of Hive blockchain with all the tokens format involved. Happy to know that Hive has become these days a deflationary token. On the other side, HBD is growing as well. Most of the HBD ever exist will remain as such when they hit the market. For the long term, it will provide an avenue for liquidity for the blockchain when needed.
The cool part that bring positive outcome is the fact the value of Hive long term will turn for the better. Yesterday night Hive was trading around 90 cents. The community is getting stronger with the games onboard. The need for Hive is getting to a point where the price will pivot around the dollar mark. I am not sure if September is the problem blockchain the way of Hive to grow. So far the demand is upbeat to the true sense of the word.
Best case of action these days, take advantage of the sleeping bull or bear. So much to say, so little time to react. This little window just open for a reason. Anyway you have to pick your battle.
Keep on vesting on you.
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Wow that is really interesting! That Walmart isn't accepting GPAY or ApplePay was completly new to me! (Not from the US, I know Walmart but not the accepted payments). I think Walmart could be a pretty nice indicator. Personally I only know one major management mistake they made pre 2000 when they entered the german market but totatlly underestimated the german "shopping-culture". The "expansion" was at a cost of billions of Dollars.
I read about it. They have to exit that market. In the states we have a German market. It is ALDI and whenever you see a Walmart, there could be an ALDI nearby.
Walmart only accept you to pay with their app and credit card.
That will be a great way for them to pay less and put the savings on to the customers.
As you know they probably have exclusivity deals as well.
Yeah ALDI and LIDL (biggest competitor for ALDI) is very popular in Germany.
I found that article on HIVE could be related to the topic:
https://peakd.com/crypto/@joythewanderer/this-is-the-next-level-pump-and-dump-kek
Seems the LTC statement on Twitter was fake.
Walmart came out quick to deny it.
As always it was news since there is no relevant news in crypto today.
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Interesting how such a large sum 11 billion is indeed a small sum for Apple with value over 1 trillion dollars.
More interesting indeed is the rise of Splinterlands and games on Hive, and along with it demand for RC and Hive with slow steady rise in price. One dollar now seems in our grasp and with it Hive will suddenly be a one dollar coin, which will put it in a different class of cryptocurrency by the investors. Those wo have invested heavily will be rewarded.
Congratulations.
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