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MicroStrategy is Desperately Trying to Become a Bitcoin Proxy

by Mortoris 2022. 9. 12.

itcoin became quite popular in 2009 when it was first incepted. The crypto started its journey when it was valued at only fractions of a dollar, and then it took off, surging by thousands of dollars. But unfortunately, investors were initially unaware of the volatility that came with Bitcoin. Understanding the factors that influence the market price can help investors decide whether to invest in it, trade it, or continue watching its developments. Over the past couple of years, Bitcoin has gained dramatic momentum leading major institutions and even nations to adopt cryptocurrency as legal tender. Now, with this rising volatility, and other distinct parameters that are currently coming to light about BTC, investors are looking for a second layer of protection to avoid drastic financial losses and miss profit opportunities. Bitcoin proxy is a step further to providing this extra protection, and quite unsurprisingly, MicroStrategy is marching toward gaining a foothold to make itself the most successful Bitcoin proxy in the market. The Bitcoin proxy provides a second layer of protection to investors. It provides them with some additional features that they can use when gathering Bitcoin tokens. Besides, in some cases, a BTC proxy also provides some additional features that they can use when gathering BTC tokens. Starting from protecting their identity to helping gather tokens, a BTC proxy is the right way to go. Miners generally use a BTC proxy during mining tokens. Mining can get incredibly competitive and difficult, but using the right mining hardware and Bitcoin proxies might be the right combination to handle these complexities. But how is MicroStrategy enabling itself as the leader of Bitcoin proxies?