Boris Johnson Mocks Bitcoin, Claims Investing in 'Pikachu' Cards is Superior – Michael Saylor Disagrees
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2026
0mins
Should l Buy MSTR?
Source: stocktwits
Michael Saylor Defends Bitcoin: Strategy chairman Michael Saylor responded to former UK Prime Minister Boris Johnson's criticism of Bitcoin, which Johnson likened to a "Ponzi scheme," arguing that Bitcoin is decentralized and not reliant on a central operator for returns.
Criticism of Bitcoin's Value: Johnson questioned Bitcoin's economic foundations, suggesting that its value is based more on collective belief than intrinsic worth, and compared it unfavorably to investments in Pokémon cards.
Saylor's Rebuttal: Saylor emphasized that Bitcoin operates on a decentralized monetary network driven by code and market demand, countering Johnson's claims and asserting that Bitcoin has gained widespread adoption.
Bitcoin's Market Position: Despite ongoing criticism, Bitcoin remains a dominant digital asset, accounting for over 58% of the total cryptocurrency market capitalization, highlighting its significance in the financial market.
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Analyst Views on MSTR
Wall Street analysts forecast MSTR stock price to rise
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 138.200
Low
229.00
Averages
453.17
High
705.00
Current: 138.200
Low
229.00
Averages
453.17
High
705.00
About MSTR
Strategy Inc., formerly MicroStrategy Incorporated, is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. The Company’s Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The Strategy Mosaic offers data clarity and connection by eliminating trade-offs between flexibility, control, and speed.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Michael Saylor's Strategy Acquires $76.6 Million in Bitcoin
- Bitcoin Acquisition Amount: Michael Saylor's Strategy purchased approximately $76.6 million worth of Bitcoin in the week ending March 22, a significant decrease from the $1.6 billion acquired the previous week, indicating a cautious approach amid market volatility.
- Purchase Quantity and Price: Between March 16 and 22, the company acquired 1,031 Bitcoins at an average price of $74,326, a strategy likely aimed at optimizing costs and mitigating risks in a fluctuating market.
- Total Bitcoin Holdings: As of March 22, 2026, Strategy holds a total of 762,099 Bitcoins with an aggregate purchase price of $57.69 billion, underscoring its long-term commitment to digital asset investment.
- Market Reaction: During pre-market trading, Strategy's stock rose by 1.88% to $145.35, while Bitcoin gained approximately 4.3% to $70,774.53, reflecting a positive market response to its investment strategy.
See More
STRATEGY MAY ISSUE UP TO $2.1 BILLION IN 8.00% SERIES A PERPETUAL STRIKE PREFERRED STOCK, ACCORDING TO SEC FILING
Investment Offer: Strategy is offering up to $2.1 billion in a series A perpetual strike preferred stock.
Interest Rate: The preferred stock comes with an 8.00% interest rate, appealing to potential investors.
See More
CEO of Strategy Sells 3,299 MSTR Shares for an Average Price of $138.33
- Stock Sale Details: Phong Le, CEO of Strategy, sold 3,299 shares of restricted stock from MSTR at an average price of $138.33.
- Transaction Value: The total transaction amount for the stock sale was $456,400.
See More
US Stocks Decline Amid Ongoing Iran Conflict
- Market Performance: On Tuesday, the S&P 500 Index fell by 0.37%, the Dow Jones Industrial Average decreased by 0.18%, and the Nasdaq 100 Index dropped by 0.77%, reflecting investor concerns over the ongoing conflict in Iran and a general decline in market sentiment.
- Oil Price Fluctuations: WTI crude oil prices surged over 4%, reaching elevated levels due to Iran's missile and drone strikes on Israel and US bases, raising fears about energy supply disruptions that could impact global economic recovery.
- Economic Data: Despite market pressures, Q4 nonfarm productivity remained at 1.8%, while unit labor costs were revised up to 4.4%, exceeding expectations, indicating resilience in the economic fundamentals that may provide some support to the stock market.
- International Tensions: Reports of Saudi Arabia and the UAE aligning with the Iran conflict have heightened market anxiety, as investors are closely monitoring the potential for increased US military deployment, which could escalate tensions and affect global market stability.
See More
US Stocks Decline Amid Ongoing Iran Conflict
- Market Movement: The S&P 500 Index is down 0.16%, while the Dow Jones Industrial Average is up 0.13%, and the Nasdaq 100 Index has decreased by 0.50%, reflecting investor concerns over the ongoing Iran conflict, which is dampening market sentiment.
- Rising Energy Prices: WTI crude oil prices have surged over 4% due to Iran's missile strikes on Israel and US bases, which not only limits stock market declines but also raises inflation expectations, potentially influencing future monetary policy decisions.
- Economic Data Performance: The US Q4 nonfarm productivity remained unchanged at 1.8%, while unit labor costs were revised up to 4.4% from 2.8%, exceeding market expectations, indicating economic resilience that may support the stock market.
- International Tensions Impact: Saudi Arabia and the UAE have taken steps toward joining the Iran war, potentially escalating the conflict, which increases market concerns about future geopolitical risks and drives investors towards safer assets.
See More
Bitmine Reports $6.5 Billion in Staked ETH Holdings
- Significant ETH Holdings: Bitmine currently holds 3,142,643 ETH, valued at $6.5 billion, representing 3.86% of the total ETH supply, establishing it as the largest ETH treasury globally and enhancing its leadership position in the crypto market.
- Revenue Growth Potential: With an expected annual staking yield of 2.83%, Bitmine's staking revenue has reached $184 million, showcasing its strong profitability in crypto asset management and further solidifying its competitive edge in the market.
- Positive Market Response: Following an 18% increase in ETH prices after the outbreak of the Iran war, Bitmine's stock price has also risen, with an average daily trading volume of $1.2 billion, reflecting investor confidence in its future growth and potentially attracting more institutional investors.
- Strategic Investor Support: Backed by prominent investors including Cathie Wood of ARK, Bitmine's credibility in the market is significantly enhanced, providing robust financial support for its future ETH acquisition goals.
See More
Michael Saylor's Strategy Acquires $76.6 Million in Bitcoin
- Bitcoin Acquisition Amount: Michael Saylor's Strategy purchased approximately $76.6 million worth of Bitcoin in the week ending March 22, a significant decrease from the $1.6 billion acquired the previous week, indicating a cautious approach amid market volatility.
- Purchase Quantity and Price: Between March 16 and 22, the company acquired 1,031 Bitcoins at an average price of $74,326, a strategy likely aimed at optimizing costs and mitigating risks in a fluctuating market.
- Total Bitcoin Holdings: As of March 22, 2026, Strategy holds a total of 762,099 Bitcoins with an aggregate purchase price of $57.69 billion, underscoring its long-term commitment to digital asset investment.
- Market Reaction: During pre-market trading, Strategy's stock rose by 1.88% to $145.35, while Bitcoin gained approximately 4.3% to $70,774.53, reflecting a positive market response to its investment strategy.
See More
STRATEGY MAY ISSUE UP TO $2.1 BILLION IN 8.00% SERIES A PERPETUAL STRIKE PREFERRED STOCK, ACCORDING TO SEC FILING
Investment Offer: Strategy is offering up to $2.1 billion in a series A perpetual strike preferred stock.
Interest Rate: The preferred stock comes with an 8.00% interest rate, appealing to potential investors.
See More
CEO of Strategy Sells 3,299 MSTR Shares for an Average Price of $138.33
- Stock Sale Details: Phong Le, CEO of Strategy, sold 3,299 shares of restricted stock from MSTR at an average price of $138.33.
- Transaction Value: The total transaction amount for the stock sale was $456,400.
See More
US Stocks Decline Amid Ongoing Iran Conflict
- Market Performance: On Tuesday, the S&P 500 Index fell by 0.37%, the Dow Jones Industrial Average decreased by 0.18%, and the Nasdaq 100 Index dropped by 0.77%, reflecting investor concerns over the ongoing conflict in Iran and a general decline in market sentiment.
- Oil Price Fluctuations: WTI crude oil prices surged over 4%, reaching elevated levels due to Iran's missile and drone strikes on Israel and US bases, raising fears about energy supply disruptions that could impact global economic recovery.
- Economic Data: Despite market pressures, Q4 nonfarm productivity remained at 1.8%, while unit labor costs were revised up to 4.4%, exceeding expectations, indicating resilience in the economic fundamentals that may provide some support to the stock market.
- International Tensions: Reports of Saudi Arabia and the UAE aligning with the Iran conflict have heightened market anxiety, as investors are closely monitoring the potential for increased US military deployment, which could escalate tensions and affect global market stability.
See More
US Stocks Decline Amid Ongoing Iran Conflict
- Market Movement: The S&P 500 Index is down 0.16%, while the Dow Jones Industrial Average is up 0.13%, and the Nasdaq 100 Index has decreased by 0.50%, reflecting investor concerns over the ongoing Iran conflict, which is dampening market sentiment.
- Rising Energy Prices: WTI crude oil prices have surged over 4% due to Iran's missile strikes on Israel and US bases, which not only limits stock market declines but also raises inflation expectations, potentially influencing future monetary policy decisions.
- Economic Data Performance: The US Q4 nonfarm productivity remained unchanged at 1.8%, while unit labor costs were revised up to 4.4% from 2.8%, exceeding market expectations, indicating economic resilience that may support the stock market.
- International Tensions Impact: Saudi Arabia and the UAE have taken steps toward joining the Iran war, potentially escalating the conflict, which increases market concerns about future geopolitical risks and drives investors towards safer assets.
See More
Bitmine Reports $6.5 Billion in Staked ETH Holdings
- Significant ETH Holdings: Bitmine currently holds 3,142,643 ETH, valued at $6.5 billion, representing 3.86% of the total ETH supply, establishing it as the largest ETH treasury globally and enhancing its leadership position in the crypto market.
- Revenue Growth Potential: With an expected annual staking yield of 2.83%, Bitmine's staking revenue has reached $184 million, showcasing its strong profitability in crypto asset management and further solidifying its competitive edge in the market.
- Positive Market Response: Following an 18% increase in ETH prices after the outbreak of the Iran war, Bitmine's stock price has also risen, with an average daily trading volume of $1.2 billion, reflecting investor confidence in its future growth and potentially attracting more institutional investors.
- Strategic Investor Support: Backed by prominent investors including Cathie Wood of ARK, Bitmine's credibility in the market is significantly enhanced, providing robust financial support for its future ETH acquisition goals.
See More
