Quote:
Originally Posted by ShopCat
Microstrategy announced debt raising to buy $400mm more in BTC, raised to $500mm and completed.
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This is one of the troubling factors I am seeing with this market. I wonder how much margin leverage there is on BTC. If supply is limited, and margin levels are at 50%, then by the laws of supply and demand, the price will artificially increase by a corresponding amount. When / if the leverage is unwound, the price will also drop. Lots of that seen in the stock market too.
-Wayne