MicroStrategy, Bitcoin Rally on Brutal Day for Market

MicroStrategy, Bitcoin Rally connected Brutal Day for Market

How unspeakable of a time was it for the banal market?

Only 2 companies successful the Nasdaq 100 scale finished Friday successful the green. Interestingly, the person was self-proclaimed Bitcoin slope MicroStrategy. (The lone different victor was Lululemon.)

Shares of MicroStrategy, oregon Strategy arsenic it present dubs itself, roseate astir 4%. Why? Simply put, Bitcoin was up Friday arsenic well. MicroStrategy has go a proxy for cryptocurrencies, peculiarly Bitcoin acknowledgment to a strategical displacement engineered by enforcement president (and uber-Bitcoin bull) Michael Saylor.