Oil, Inflation, and Fed Risk. Why MicroStrategy Still Wants More Bitcoin Now?

Oil ended October at $117.64 a barrel. US inflation is 3.7%, and two Federal Reserve officials wanted another rate hike last week. Yet Michael Saylor is signaling that Strategy (formerly MicroStrategy) could announce another Bitcoin purchase on Monday. On Sunday, Saylor posted his Bitcoin-buying chart with the caption: “We found room for even more orange.” Why Buy Bitcoin When the Economy Looks Worse? This is high-conviction accumulation: buying through uncertainty because you expect an asset to gain value over years. It can also be contrarian investing. The danger is overconfidence when evidence changes. Saylor’s belief is clear. In Thursday’s earnings release , he declared: “We’re at the beginning of the next bitcoin bull market.” Meanwhile, expensive oil is feeding inflation. Gasoline prices rose 34.2% over the year to September.

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