This was an argument jokingly made by one of the forum members that I much respect. We argue and tease each other, however, everything is with respect and we do not take it very serious because we accept the reality that we are not very important people in the cryptospace.
In any case, the argument made is maybe Michael Saylor would have made a better investment if he invested in altcoins, Defi or NFT instead of bitcoin. It appears this article shows that the argument might be correct. The article was published on November 3, 2022, however. It presently might not give us the same conclusion.
Microstrategy Could Have Pocketed $1.3B if Saylor Had Bought ETH
Defiant Data Crunch Shows Ether Would Have Paid Off Nicely for Software Maker
Microstrategy would have earned almost $1.3B from a stash of Ether worth $5.3B today, according to The Defiant’s analysis of data from CoinMarketCap and BuyBitcoinWorldwide tracking the firm’s Bitcoin buys. Thanks largely to The Merge, Ethereum’s native token has soared 51% since June 30 compared to Bitcoin’s 7% increase, according to Defiant Terminal data.
The Virginia-based company would have also been earning passive yield by staking ETH. Staking Rewards estimates that Ethereum stakers are earning 4.67% annually, which would equate to $246M at the current ETH price.
Moreover, analysis from Flashbots indicates that stakers running its MEV-Boost software earn 135% more than those who do not. Boosted rewards on a $5.27B stake could net more than $527M each year if ETH’s price is steady.
Read in full https://thedefiant.io/saylor-ether-bitcoin
Topic: Michael Saylor and Bitcoin or Michael Saylor and altcoin? - page 2. (Read 216 times)
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