🚨Retail investors speculation level is through the roof
Retail traders bought a record $42 million worth of MicroStrategy stock on Wednesday
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Retail investors purchased ~$42 million worth of MicroStrategy shares on Wednesday, the most on record.
This is 8-9 times higher than the daily average posted in October.
In total this week retail has acquired ~$87 million of the company's shares.
This happened after the company rallied over 600% year-to-date driven by rising Bitcoin prices. Over the last two years, the company stock skyrocketed 2,555% while Bitcoin prices by 511%.
MicroStrategy owns 331,200 bitcoins.
History suggests that retail is getting the most engaged near the local tops. The time will show if history was right again. It seems that after all many people will be disappointed as nothing goes up in a straight line forever.
Below you can see my long-term view on Bitcoin prices and some staggering stats about retail investors:
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