via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/13pzusr/microstrategy_michael_saylor_invested_more_money/

MicroStrategy (Michael Saylor) invested more money into Bitcoins than there's nominal GDP of 36 countries

So MicroStrategy bought exactly 140,000 Bitcoins at the average price of $29,803, which means they invested 4.172 billion USD just into Bitcoin. This amount of money invested is more than there's nominal annual GDP of 36 countries in the world. Of course few of them are smaller island countries with just thousands of people, but amongst them are even countries with millions of people, albeit poorer ones. For example Burundi with more than 10 million people living in it has smaller nominal GDP than what MicroStrategy just invested into Bitcoin in timespan of like 2 years.

https://preview.redd.it/faowxk7l4n1b1.png?width=873&format=png&auto=webp&s=62b59894ed0a55dbb8266e42b64c6fffc4a8b2a7

With the way Michael Saylor and his company are accumulating Bitcoin, soon they might have enough funds in Bitcoin to just make their own country with own set of crypto rules.

submitted by /u/mbdtf95
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *