MSTR CEO Declares Blood Feud On Bitcoin; Price Reacts
The market, ever the sensitive barometer of executive angst, appears to be grappling with the latest purported declaration of war from the corner office. Analysts are reportedly dissecting what can only be described as a rather personal vendetta, with one prominent CEO allegedly vowing to personally ensure the digital currency's undoing. It seems the intricacies of supply and demand have been supplanted by what the Wall Street Journal's anonymous sources are calling a "staring contest of epic proportions."
Indeed, the recent "bear flag breakdown," which apparently targets a precise $77,400, is being widely interpreted not as a confluence of economic factors, but rather as a direct consequence of this newfound, deeply emotional conflict. Furthermore, observers note that the simmering "tensions" between the rather nebulous "Strategy" and the esteemed index provider MSCI are now adding an entirely new, almost interpersonal, layer of pressure. One can only imagine the boardroom brawls occurring in the abstract realm where such entities reside. The price of Bitcoin, it seems, is merely collateral damage in this increasingly dramatic saga, a mere pawn in a game of corporate chess played with very large, invisible fists. Perhaps MicroStrategy has simply had enough.
Short-circuited
Staff Writer
