Max Keiser Bullish on MicroStrategy's Bitcoin Strategy Amid GameStop's Crypto Pivot

Max Keiser Backs MicroStrategy's Bitcoin Vision

Max Keiser, a prominent Bitcoin advocate and advisor to El Salvador's president, has reiterated his support for Michael Saylor's Bitcoin strategy at MicroStrategy (MSTR). Keiser recently endorsed a tweet by Adam Livingston, author of "The Bitcoin Age," who called MSTR "the OBELISK of CAPITAL INVERSION." Livingston believes MSTR's valuation will soar as fiat currencies decline, driven by Bitcoin's strength. Keiser agreed, tweeting "100%," signaling his confidence in MSTR's limitless growth potential.

GameStop's Bitcoin Entry Could Spark Buying Panic

Keiser also weighed in on GameStop's (GME) decision to invest excess cash reserves in Bitcoin, following MicroStrategy's lead. He tweeted that "GME + Bitcoin is another beast entirely," predicting that the combination could trigger a massive Bitcoin buying frenzy. Keiser pointed to the influence of retail traders, including the Wall Street Bets community, who he believes could create a "hyperbolic" surge in Bitcoin demand. Unlike MicroStrategy, whose goal is to promote Bitcoin as perfect money, Keiser suggests GameStop's motivation is more about disrupting the global economy and traditional systems, calling it "beautiful anarchy." GME's stock rose 6% on the news.

MicroStrategy Adds More Bitcoin to Its Holdings

MicroStrategy continues to expand its Bitcoin reserves, recently purchasing an additional 4,991 BTC worth approximately $584.1 million. This brings the company's total Bitcoin holdings to 506,373 BTC, valued at over $41 billion at current prices. The move underscores Saylor's unwavering commitment to Bitcoin as a cornerstone of MicroStrategy's treasury strategy. As Bitcoin's price rises, MicroStrategy's holdings continue to grow in value, solidifying its position as one of the largest corporate Bitcoin holders.