In a poetic tweet, the head of the strategy Michael Sailor Bitcoin compared an “orange dwarf”, caught the attention of the encryption community. Silor put this way: “Bitcoin is an orange dwarf – the brightest object in the financial system – grows stronger, more hot and intense as it attracts capital.”
The analogy has caused great attention, as Silor resembles the uncompromising bitcoin growth to an orange dwarf. Orange dwarves, known for their growing length and severity over time, are stability and strength, similar to Bitcoin’s position in the financial system. In another tweet, Silor Bitcoin compares to the digital power network.
The Silor Declaration hints to the unique Bitcoin mode in the financial ecosystem – grows constantly stronger and more influential with the flow of capital in the network.
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Microstrategy has defended this course since August 2020, when she started buying Bitcoin for the first time, now has 499,096 BTC, making it the largest carrier of companies in Bitcoin in the world. Under the auspices of Silor, the former software company has become the largest source of convertible bonds in recent years, raising about 9 billion dollars.
On Friday, BMAX, a traded conversion fund that focuses on companies with Bitcoin has its public budgets, such as the newly renovated Silor strategy. Bitwise recently presented a fund that tracks an indicator of companies that carry Bitcoin as the asset of the Corporation’s Treasury – the strategy represents about a quarter.
Bitcoin eyes fluctuate with the upcoming Federal Reserve meeting
At the time of the press, BTC has decreased by 1.14 % in the past 24 hours to 83,263 dollars, as investors have formed the macroeconomic risk and the upcoming federal reserve meeting this week.
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The Federal Reserve will meet on Wednesday to provide investors with an enlarged update. The next FOMC meeting is scheduled to be held at the Federal Reserve Bank from 18 to 19 March, and market monitors are interested in how to address the President of the Federal Reserve Powell commercial policy and changes in fiscal policy, and most importantly, the quantum tightening program (QT), which is expected to be stopped or stopped.
Although modern economic data was more encouraged, investors expect the Federal Reserve, which is seeking a 2 % inflation rate, will wait for his meeting closed for two days on Wednesday. Traders priced 0.75 percentage points for interest rate discounts by the end of the year, starting from June.
