Reserve

2024

Bitcoin

when

Michael Saylor has reiterated his belief in Bitcoin’s ability to bring about financial independence.&nbsp;
Earlier today, Saylor tweeted “Bitcoin is Independence” with a picture of the American flag bearing the Bitcoin logo.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> is Independence. <a href="https://t.co/zRgxo7FxEM" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zRgxo7FxEM</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1808843728880017632?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
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However, this statement comes at a time when the crypto market is experiencing a lot of volatility. This week, Bitcoin has dropped by 10% from $63,390 to $56,777. Additionally, the entire crypto market is seeing massive sell-offs as miners and long-term holders of Bitcoin reduce their positions.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdd15nqiL_rKCKdc3Z2eHXIdAtUHYoYavlAkcI8zYteUOJ0WzWn8cpHjg3VC7AI7cCt4CLOFdHDLF9ERAZTen_lq6SvY1YZrIvzxbh6vYyn8JQWPEBS54DYf5qBNnBuXF1rFlmuRF6OBb8hiITDeuwtPAU?key=-HhalymagQl3ZxBZqbhbPQ" alt="AD 4nXdd15nqiL rKCKdc3Z2eHXIdAtUHYoYavlAkcI8zYteUOJ0WzWn8cpHjg3VC7AI7cCt4CLOFdHDLF9ERAZTen lq6SvY1YZrIvzxbh6vYyn8JQWPEBS54DYf5qBNnBuXF1rFlmuRF6OBb8hiITDeuwtPAU?key=">
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 Bitcoin (BTC) Current Price Chart| Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
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Despite these market challenges, Micheal Saylor’s company, MicroStrategy has kept up its buying spree for Bitcoins. In June alone the <a href="https://www.cryptotimes.io/2024/06/20/microstrategy-buys-additional-11931-bitcoins/" rel="noopener noreferrer nofollow">company purchased 11,931 BTC</a> worth nearly $786 million which was financed by convertible notes and excess cash.
Furthermore, the crypto space is actively talking about this price correction as certain investors are concerned with prices losing value while others argue that big buyers are buying into Bitcoin during the dip.
Saylor’s bullish sentiment contrasts with the overall market mood. Many people in the crypto space agreed with him on emphasizing Bitcoin for future financial freedom even as they passed through this present market volatility.
In Addition, MicroStrategy’s continued purchase of Bitcoin indicates their faith in its long-term value as an asset.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/07/04/justin-sun-offers-to-purchase-germanys-2-3b-bitcoin-reserve/" rel="noopener noreferrer nofollow">Justin Sun Offers to Purchase Germany’s $2.3B Bitcoin Reserve</a>
</blockquote>

“Bitcoin is Independence” Say Michael Saylor Despite Market Volatility

The Crypto Times

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