Bitcoin, Fed Reserve, Strategy – Vinny Lingham Shares Hot Take
04/14/2025 21:26
Vinny Lingham has reacted to Strategy’s recent large Bitcoin purchase
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Prominent internet entrepreneur Vinny Lingham has taken to his account on X to share his thoughts on the large Bitcoin purchase that was made just recently by Michael Saylor’s company Strategy but announced only today.
Vinny Lingham and his X followers seem critical of Michael Saylor’s Strategy since they are slowly but surely becoming one of the largest Bitcoin holders and perhaps are pushing BTC to becoming a centralized asset managed by financial elites.
Related
"Strategy is now the Federal Reserve for Bitcoin"
The Bitcoin-focused firm has purchased a $285.8 million worth of BTC, which comprises 3,459 Bitcoins. Now, the renowned firm that switched its main business from producing business intelligence software to investing in Bitcoin long-term has increased hits bag to more than 530,000 Bitcoins. That is 2.5% of the total Bitcoin supply of 21 million coins.
As Saylor’s company continues to swell with Bitcoin, boosting its BTC bag, Lingam has likened it to the “Bitcoin Federal Reserve”: “Strategy is now the Federal Reserve for Bitcoin.”
However, this seems to be a rather critical take on Saylor and his firm continuous Bitcoin accumulation, highlighting the strengthening centralization of the world’s largest cryptocurrency.
Federal Reserve is considered a negative force in the world of finance harshly criticized by many financial experts, since the Fed controls the US dollar and prints additional money supply whenever it sees fit.
Many commentators also shared their negative expectations to Strategy over its constant Bitcoin purchases as it concentrates more and more BTC on its balance sheet.
Related
Top VC investor accuses Saylor of hijacking Bitcoin
Roughly a month ago, a prominent venture investor and entrepreneur Jackson Calacanis stated in a comment to Anothony Pompliano’s tweet that Bitcoin has been “hijacked.” He also said that Michael Saylor and guys like him are likely to “break the Bitcoin game”, indicating that Saylor’s constant accumulation of BTC is likely to make Wall Street companies to follow in his footsteps and gain control over large amounts of Bitcoin.
In the fall of 2024, Saylor briefly mentioned that he believes those who do not trust corporate entities to hold Bitcoin are crazy crypto anarchists. That statement triggered a massive backlash from the community and eventually Saylor made what looked like an apology – he said that everyone is free to hold Bitcoin the way that suits them best.