The new leader of the Conservative Party of Canada has been a supporter of crypto tokens, smart contracts, and decentralized finance in the past.
MicroStrategy must buy the dip because its reserve of roughly 129,699 BTC is currently experiencing an aggregate value loss of more than $1 billion.
The chairman said that the company is coming up with ways for big businesses to join the Lightning network.
Bitcoin has soared to trade at an eye-watering $48,000 (£34,820), following the news that Tesla has bought $1.5bn of the crypto-currency. Enthusiasts will tell you it's the future of money - but investing in the notoriously volatile virtual currency can be a rollercoaster, and it's not without risk.
As the industry becomes more mature, the trend is expected to continue in 2022. “Capital markets will continue looking to deploy capital in bitcoin and miners,” Bitfarms’ Gagnon said. He noted that so far it seems that initial fundraising (pre-IPO) is significantly easier for investors in the sector, as many are looking for a quick flip.
Bitcoin hit a new high in early January, reaching a price of nearly $42,000. On Friday morning, the price of the notoriously volatile cryptocurrency was about 32,500, according to CoinDesk.
And with bitcoin bulls predicting the crypto’s price could go as high $200,000 over the next decade, and with mainstream financial businesses from Paypal to Square getting into bitcoin, it’s hard not to fear missing out.
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