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Industry professionals: MicroStrategy's buying support has boosted the price of BTC, which is still in the early stages of this cycle
Odaily Planet Daily News According to Jason Yanowitz from Empire, without the spending frenzy of over 20 billion USD from MicroStrategy founder Michael Saylor from the end of last year to this year, the price of BTC would be much lower than it is now. Therefore, he believes that we are still early in this cycle. In addition, he mentioned, 'We have not seen enough venture capital, it's very PvP.' His view was supported by Dan Matuszewski of CMS Holdings, who said, 'My guess is that the aftermath of 2021 still exists. Liquidity is basically non-existent, so it cannot substantially drive flow or collect inflows, and venture capital is still the measure of alternative investment.' (Blockworks)