According to MicroStrategy's Michael Saylor, Now Is the Time to Go All-In on Bitcoin. Is He Right?

Sky-high Bitcoin price predictions could be causing investors to forget about portfolio diversification. The remarkable Bitcoin (BTC 0.57%) buying spree of MicroStrategy (MSTR -2.42%) that started in August 2020 shows no signs of stopping anytime soon. On Sept. 13, the company announced another $1.1 billion in Bitcoin purchases, bringing the company's total Bitcoin holdings to $14.6 billion. The company now owns more than 1% of all Bitcoin in the world, and actually owns more Bitcoin than the U.S. governmen ...