Bitcoin's Current Valuation Influenced By MicroStrategy's Investments

According to Odaily, Jason Yanowitz from Empire suggests that without the significant investments made by MicroStrategy's founder, Michael Saylor, exceeding $20 billion from late last year to this year, Bitcoin's price would be considerably lower. Yanowitz believes this indicates that we are still in the early stages of the current cycle. He also noted the lack of sufficient venture capital, describing the market as 'very PvP.' His perspective is supported by Dan Matuszewski from CMS Holdings, who commented that the aftermath of 2021 still lingers. He pointed out that liquidity is virtually absent, making it difficult to drive substantial movement or gather inflows, and venture capital remains a benchmark for alternative investments.