Billionaire Saylor Makes New Bitcoin Bet Despite Heavy Losses

Billionaire Saylor Makes New Bitcoin Bet Despite Heavy Losses

As long Michael Saylor is around, Bitcoin will never walk alone.

The billionaire co-founder and CEO of MicroStrategy  (MSTR) – Get MicroStrategy Incorporated Report, and four-alarm Bitcoin evangelist has taken the concept of HODL — sometimes known as “hold on for dear life” — to the stratosphere.

Bitcoin Under Pressure

This is a challenging time for digital currencies. Edward Moya, senior market analyst for the Americas with Oanda, noted that “the news cycle has been pretty awful for crypto markets.”


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