2024

Bitcoin

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As <a href="https://u.today/51-million-btc-addresses-risk-losses-amid-bitcoins-dip-below-62000" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> experiences a period of price pause, Michael Saylor, the chairman of MicroStrategy, has made a public declaration that has resonated throughout the cryptocurrency community. His message is simple and direct: "Bet on Bitcoin."
Saylor's statement comes at a pivotal moment for Bitcoin. After significant price movements, the world's biggest cryptocurrency is seeing unusual calm.
In a recent tweet, Saylor reinforced his unwavering confidence in <a href="https://u.today/bitcoin-whale-watch-mystery-behind-btc-big-movers-revealed" rel="noopener noreferrer nofollow">Bitcoin</a>, saying to "bet" on the digital asset despite the current price pause. This bold proclamation is not out of character for Saylor, who has consistently championed Bitcoin as a superior store of value and a hedge against inflation.
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 Bet on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>. <a href="https://t.co/ulmBDWDptW" rel="noopener noreferrer nofollow">pic.twitter.com/ulmBDWDptW</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1791806222326206873?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 18, 2024</a>
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MicroStrategy, under <a href="https://u.today/michael-saylor-ejects-bitcoin-money-message-amid-market-dip" rel="noopener noreferrer nofollow">Saylor</a>'s leadership, has been at the forefront of corporate investment in Bitcoin. The company's aggressive acquisition strategy has seen it amass a substantial Bitcoin portfolio, making it one of the largest institutional holders of the cryptocurrency. Saylor's <a href="https://x.com/saylor/status/1791806222326206873" rel="noopener noreferrer nofollow">latest message</a> "Bet on Bitcoin" might be a reaffirmation of his belief in Bitcoin's long-term potential.
The timing of Saylor's statement is noteworthy as it coincides with a broader market sentiment that is cautiously optimistic.
On Friday, the price of Bitcoin (BTC) rose above $67,000 for the first time in nearly a month, as bulls emerged after eight weeks of sideways to lower movement. Following this feat, the <a href="https://u.today/bitcoin-whale-watch-mystery-behind-btc-big-movers-revealed" rel="noopener noreferrer nofollow">Bitcoin price</a> has shown relatively little movement, failing to reach $68,000 as bulls take a little respite.
Bitcoin was trading up 0.06% in the last 24 hours to $67,007, having reached intraday highs of $67,701. Bitcoin is still up 10% over the last seven days. As the market watches and waits for Bitcoin's next move, Saylor's voice serves as a bullish counterweight, encouraging crypto holders to remain firm in their beliefs.

Michael Saylor Breaks Silence on Bitcoin (BTC) Price Pause: Details

U_Today

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