CEO MicroStrategy: Garbage data …

MicroStrategy CEO: Garbage Data Holds Bitcoin Market Development

The CEO of MicroStrategy, which previously invested $ 425 million in bitcoin, Michael Sailor considers the available data on the state of the cryptocurrency market to be “junk”. They do not reflect the real liquidity that he was able to estimate during his own investments, Sailor said during an interview with Hedgeye CEO Keith McCullough on Tuesday..

The CEO of MicroStrategy referred to Apple’s market tracking app, which shows daily bitcoin trading volume of $ 24.76 billion. According to Saylor, this data, “transmitted to billions of devices around the world,” is highly inflated..

“It’s rubbish. I have learned from my own experience that I cannot buy more than $ 35 million a day without people finding out about it. There can be no way there can be $ 24 billion. It’s just awful, “he said, adding that this factor” holds back Bitcoin. “.

CoinDesk analyst Galen Moore argues that perceptions of “real” bitcoin trading volumes still vary widely. “Data is a marketing tool, not a source of income. Some exchanges deliberately inflate volumes in order to form an appropriate idea of ​​their liquidity, “Moore explained..

CEO MicroStrategy: Garbage data ...

“Where else can you find something so compelling to surround such terrible data in other asset classes?” – asks Sailor.

At the same time, the CEO of MicroStrategy admitted that he liked the “fact of a little immaturity of data” because it reflects “the pain and labor that you have to face when you come first or come early.”.

CEO MicroStrategy: Garbage data ...

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