2024

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/bitcoin-community-speculates-about-michael-dell-buying-bitcoin" rel="noopener noreferrer nofollow">Michael Dell</a>, CEO of Dell Technologies, recently posted a thought-provoking poll on X (formerly Twitter), asking the community to weigh in on what they considered the most important thing between the options: AI, Bitcoin, or love and relationships. This simple yet profound question piqued the interest of the crypto community, with a larger portion of respondents going for Bitcoin.
The poll, which seemed to be a casual inquiry, caught the eye of Michael Saylor, MicroStrategy cofounder and CEO who reacted to the survey with a heart emoji. Saylor would later post an epic response to the Dell CEO's tweet.
<blockquote>
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is the most important thing. <a href="https://t.co/p5dRoAC1sE" rel="noopener noreferrer nofollow">pic.twitter.com/p5dRoAC1sE</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1807764214708080897?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
</blockquote>
In a direct reply to Dell's tweet, <a href="https://x.com/saylor/status/1807764214708080897" rel="noopener noreferrer nofollow">Saylor</a> unequivocally stated, "Bitcoin is the most important thing." This succinct declaration encapsulated his staunch belief in the transformative potential of Bitcoin as a store of value.
Saylor's statement serves as a rallying cry for greater adoption and recognition of Bitcoin's role in reshaping global financial systems.
<h2 id="bullish-july">Bullish July?</h2>
At the time of writing, BTC was down 0.24% in the last 24 hours to $62,632. Since April, <a href="https://u.today/bitcoin-boom-over-1-million-addresses-now-own-1-btc" rel="noopener noreferrer nofollow">Bitcoin's</a> price has fluctuated between $59,000 and $74,000, but historical trends point to a potentially bullish July.
According to Ali a crypto analyst, historically, when Bitcoin has had a negative June, it tends to bounce back strongly in July. BTC has shown an average return of 7.98% and a median return of 9.60% in July.
U.S.-listed ETFs saw about $130 million in inflows on the first day of July, their highest level since early June, following more than $900 million in outflows in previous weeks.
Going by its price action, one of the most important resistance levels for Bitcoin is $65,795. If Bitcoin can break through this level, the next major target is $78,700.
Currently, Ali stated that Bitcoin appears trapped in a parallel channel with a lower barrier at $62,500; if this holds, BTC might bounce to $63,200 or $63,800.

Michael Saylor Posts Epic BTC Response to Dell CEO Bitcoin Tweet

Table of Contents

U_Today

Other articles published on Jul 2, 2024

MoonBag Raises Over $3 Million: Best Presale in July 2024 Heats Up, Outshining Algorand & EOS!

Binance TR CEO Evaluates New Crypto Asset Law in Turkey

MBXN Token Debuts on CoinStore Exchange, Ushering in a New Era for UpBots and SuperBots Platforms

XRP and MTAUR are heading to new 10x ATH – grab at low prices while you can!

Bitfarms Boosts Bitcoin Production Amid Takeover Attempts by Riot Platforms

Building Nigeria’s digital payments infrastructure: The path to economic growth

Join our free newsletter for daily crypto updates!