Cryptoknowmics
2022-04-15 08:19:35

Michael Saylor Advises Musk to Buy A Fraction Of Bitcoin, Instead of All of Twitter

A recent filing with the U.S. Securities and Exchange Commission (SEC) shows that Elon Musk is offering to buy the entire Twitter company for $43 billion. Musk already purchased a majority 9.2 percent stake in the company earlier this month and was set to become a member of its board, before he reversed the decision. The Tesla and SpaceX CEO believes that the social media firm has potential but it needs to go private for it to thrive. In a letter addressed to Twitter Chairman Bret Taylor, Musk wrote, “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.” Michael Saylor Has An Advice For Musk Regarding Twitter Commenting on Musk’s move, Michael Saylor, the CEO of MicroStrategy, advised Musk to buy a fraction of BTC in case his offer to buy all of Twitter is rejected by the company’s board. Saylor tweeted, “If you can’t buy all of @twitter you can still buy a fraction of #bitcoin.” lf you can't buy all of @twitter you can still buy a fraction of #bitcoin. — Michael Saylor⚡️ (@saylor) April 14, 2022 Saylor who is an altruistic promoter of Bitcoin (BTC), considers the flagship cryptocurrency more valuable than any other asset class in the world. His company, MicroStrategy is the larg...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.