Bitcoin Sales Didn’t Move the Market
Strategy CEO Phong Le says the company’s Bitcoin sales had no meaningful market impact.
📉 BTC fell 4% during a week when Strategy sold ~$2M, then dropped 11% the following week.
📈 Yet BTC rose 6% during a later week when Strategy sold $216M worth of Bitcoin.
📊 Correlation ≠ causation.
$BTC
Strategy CEO Phong Le says the company’s Bitcoin sales had no meaningful market impact.
📉 BTC fell 4% during a week when Strategy sold ~$2M, then dropped 11% the following week.
📈 Yet BTC rose 6% during a later week when Strategy sold $216M worth of Bitcoin.
📊 Correlation ≠ causation.
$BTC