Safe

Shiba

Bitcoin

when

<p>The post <a href="https://coinpedia.org/news/is-bitcoin-still-a-safe-bet-michael-saylors-latest-statement-could-surprise-you/">Is Bitcoin Based on Math? MicroStrategy’s Saylor Reveals Shocking Formula</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As <a href="https://coinpedia.org/news/bitcoin-price-alert-btc-hits-lowest-hash-price-is-now-the-best-time-to-buy/">Bitcoin’s price takes a break</a> from its recent rally, Michael Saylor, the chairman of MicroStrategy, has shared a strong message with the cryptocurrency community. Saylor, who has long been a vocal supporter of Bitcoin, tweeted, “Success isn’t random—it’s calculated. Bitcoin.” </p> 
<p>This statement hints at firm belief in the future of Bitcoin.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-s-success-is-no-accident"><strong>Bitcoin’s Success Is No Accident</strong></h2> 
<p>In his recent tweet, Saylor shared that Bitcoin’s success is not a matter of luck but a result of careful planning. He posted an image with a formula related to Bitcoin’s system. This formula includes:</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Success isn’t random—it’s calculated. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/6dUl37NK6y">pic.twitter.com/6dUl37NK6y</a></p>— Michael Saylor
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1829500825674092736?ref_src=twsrc%5Etfw">August 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>This formula includes:</p> 
<p><strong>2i:</strong> The number of halvings that have already taken place.</p> 
<p><strong>32:</strong> The total number of Bitcoin halvings that will ever occur.</p> 
<p><strong>210,000:</strong> The number of blocks between each halving.</p> 
<p><strong>50:</strong> The initial number of Bitcoins given out per block.</p> 
<p>These numbers are key to understanding Bitcoin’s controlled supply, which limits the total number of Bitcoins to 21 million. Saylor’s message is clear: Bitcoin is built on a strong mathematical foundation, making it a well-planned asset rather than a random one.</p> 
<h2 class="wp-block-heading" id="h-microstrategy-s-bitcoin-strategy"><strong>MicroStrategy’s Bitcoin Strategy</strong></h2> 
<p>Under Saylor’s leadership, MicroStrategy started buying Bitcoin in August 2020, viewing it as a hedge against inflation and a better store of value than cash. As of August 31, the company holds 226,500 Bitcoins, purchased for around $8.3 billion, with an average price of $36,821 per Bitcoin. For Saylor, this strategy is a calculated move to protect and grow the company’s assets.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-s-recent-drop">Bitcoin’s Recent Drop</h2> 
<p>Saylor’s comments come at a time when the cryptocurrency market is experiencing significant fluctuations. In the past day, Bitcoin’s price dropped by about 3.34%, falling to $58,167 after hitting a high of $61,194. This decrease followed a peak of $61,194 in the previous trading session.</p> 
<p>The current downturn in the market is due to several factors, including economic uncertainty and investors <a href="https://coinpedia.org/news/bitcoin-price-to-skyrocket-exchange-inflow-outflow-ratio-signals-strong-buying-pressure/">taking profits after Bitcoin’s</a> recent highs. Despite these challenges, Saylor remains confident in Bitcoin’s potential.</p> 
<p>Other cryptocurrencies, such as Ethereum, Shiba Inu, Solana, and Chainlink, also saw declines of 3% to 6%, while smaller assets like FET, TAO, WIF, and Floki experienced even larger drops of 7% to 18%.</p> 
<p><strong>Join the conversation! Are you a Bitcoin believer or skeptic?</strong></p>

Is Bitcoin Based on Math? MicroStrategy’s Saylor Reveals Shocking Formula

Table of Contents

CoinPedia News

Other articles published on Aug 31, 2024

The next bull run is coming: Traders gravitate to Tron, DTX Exchange and Ripple

Top Three Altcoins Under $1 That Experts Say Could Skyrocket in 2024

Top 3 AI Tokens To Watch Out For Potential Gains In September 2024

Bitcoin-Collateralized Loan Might Help BTC Price Surpass Its $60k Resistance Level

Blockchain for Local Banks: Ripple’s Whitepaper on SME Global Payments

Sony Unveils Ethereum Layer-2 Blockchain 'Soneium' to Accelerate Web3 Adoption

Join our free newsletter for daily crypto updates!