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A sceptic’s guide to crypto: boom and bust

FT Tech Tonic

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Microstrategy's Devotion to Bit Coin

Sailor led micro strategy to buy even more bit coin, four billion dollars worth of it. By the summer, with bit coin prices having tanked by about two thirds, microstrategy had lost a ton of money. In early august sailor announced that he would be standing down a s yo after more than 30 years at the helm. He is staying on as executive chairman and is now leading what the company calls its coin acquisition strategy. Even amid the carnage, michael saylor is still a bitcoin believer.

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