2024

Bitcoin

<ul>
 <li>Michael Saylor's bold tweet claims Bitcoin is "going up forever" after its recent surge past $61K, despite a slight pullback.</li>  
 <li>MicroStrategy boosts its Bitcoin stash to 226,500 BTC, raising $2B to buy more, signalling confidence in future growth.</li>  
 <li>Bitcoin whales seize the dip, adding 94,700 BTC despite market uncertainty, showing strong belief in Bitcoin's potential.</li> 
</ul>  
<p>Michael Saylor, the Bitcoiner and inventor of MicroStrategy, appears to have ruffled some feathers in response to the fact that the price surged past $61K. To this end, Saylor who has since deleted his Twitter account X and chosen a new identity on social media posted an AI-generated picture of him solving Math problems in front of a whiteboard and identified himself as a professor at some university.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/saylor/status/1825868178582274236
 </div>
</figure>  
<p>He later <a href="https://x.com/BTC_Archive/status/1825912205545472210" target="_blank" rel="noopener noreferrer nofollow">tweeted</a>, "My current conclusion is that bitcoin mind as well go higher forever." The news came after a 5.43 percent one-day increase in Bitcoin prices from $58,000 to just over $61,000 less than two weeks ago on Saturdayynet. But after breaking through <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$61,000</a> first time since 6th March, Bitcoin reversed slightly and it fell by 1.1% to reach.</p>  
<h3 class="wp-block-heading" id="h-microstrategy-s-continued-bitcoin-accumulation"><strong>MicroStrategy's Continued Bitcoin Accumulation</strong></h3>  
<p>Saylor's upbeat perspective is consistent with <a href="https://www.microstrategy.com/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy's</a> current Bitcoin approach. MicroStrategy revealed earlier this month that it would sell corporate shares in order to obtain $2 billion to purchase more Bitcoin.</p>  
<p>MicroStrategy increased its total holdings of Bitcoin to 226,500 BTC in Q2 2024 at a cost of $8.3 billion by purchasing 12,222 BTC for $805 million. It is estimated that this hoard is worth $13.5 billion at the current market price.</p>  
<p>Santiment's on-chain data indicates that big Bitcoin whales with holdings of between 100 and 1,000 BTC have been actively building up their <a href="https://cryptonewsland.com/expert-named-top-5-must-have-cryptocurrencies-that-every-crypto-enthusiast-must-hold-tight-till-2025/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency holdings</a>. These major players have amassed 94,700 BTC, or around $5.72 billion, during the past six weeks. While many traders have sold due to market uncertainty, these whales have seized the opportunity to enhance their holdings.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/santimentfeed/status/1825551289230794963
 </div>
</figure>  
<h3 class="wp-block-heading" id="h-microstrategy-stocks-on-sale"><strong>MicroStrategy Stocks on Sale</strong></h3>  
<p>After a ten-to-one stock split, MicroStrategy's stock is 90% less expensive now than it was at over $130 a share. This strategy of trying to bring down the stock price shows how confident the corporation is in its growth. The stock split, which reflects actions taken by companies like Amazon, is a sign of a strong growth prediction.</p>  
<p>Saylor is confident in his prediction that Bitcoin will keep growing, even in spite of the caution that characterized the <a href="https://cryptonewsland.com/solana-whale-initiates-massive-84m-dump-potential-impact-on-cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency markets in August</a>. To increase their wealth more quickly, retail investors—especially those who want simplicity—continue to "hodle" their Bitcoin or engage in day trading. Even in the face of market volatility, the bullish sentiment is sustained as long as Bitcoin whales keep amassing wealth and MicroStrategy sticks to its Bitcoin plan.</p> 
<p>The post <a href="https://cryptonewsland.com/michael-saylors-tweet-sparks-bitcoin-frenzy-going-up-forever-after-61k-surge/" rel="noopener noreferrer nofollow">Michael Saylor’s Tweet Sparks Bitcoin Frenzy: “Going Up Forever” After $61K Surge</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Michael Saylor’s Tweet Sparks Bitcoin Frenzy: “Going Up Forever” After $61K Surge

Table of Contents

Crypto News Land

Other articles published on Aug 21, 2024

Yield Games Announces a New Partnership with Sui Network

Bitcoin Hits $61,000 After Attempting $62,000

New GambleFi Presale Nears 10K Registrations; SOL Now Has More Daily Volume Than PEPE and BNB Com...

El Salvador Launches Crypto Certification for Civil Service

El Salvador launches Bitcoin certifications for civil servants

Breakout Alert! MATIC Price Prediction for August 21

Join our free newsletter for daily crypto updates!