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 <p style="background: white; margin: 0cm 0cm 12.0pt 0cm;"><span style="font-family: 'Arial',sans-serif; color: #414242;">Rapper sensation Drake posted a video of Michael Saylor praising Bitcoin as a store of value to his 146 million Instagram followers.</span></p>
 <p>The clip is taken from a CNBC interview with Saylor in which the MicroStrategy co-founder said Bitcoin will ”eat gold” because it is a superior asset.</p>
 <p>The video shared by the Grammy-award winner has Bitcoin bull Saylor saying Bitcoin is a store of value and not a medium of exchange.</p>
 <p>Saylor believes that Bitcoin exchange-traded funds (ETFs) will not only outperform gold ETFs but also compete with the S&amp;P 500 Index.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">JUST IN: Rap legend Drake posts a Michael Saylor #Bitcoin video to his 146 million Instagram followers 🔥pic.twitter.com/T79xwzvDXX</p>
  <p>— Bitcoin Magazine (@BitcoinMagazine) March 12, 2024</p>
 </blockquote>
 <p></p>
 <h2 id="does-drake-s-michael-saylor-video-show-celebrity-endorsements-are-back">Does Drake’s Michael Saylor Video Show Celebrity Endorsements Are Back?</h2>
 <p>The clip may indicate the beginning of a comeback for celebrity endorsements of cryptocurrencies.</p>
 <p>Celebrities have promoted Bitcoin and other crypto projects during previous bull markets, but in some case have faced subsequent legal consequences.</p>
 <p>During the 2021 bull market, the now-defunct FTX exchange partnered with celebrities like Tom Brady, Kevin O’Leary, and Larry David to promote the exchange. However, the celebrities now face a class-action lawsuit after the crypto exchange collapsed.</p>
 <p>With Bitcoin trading at all-time high levels above $73,000, a similar trend is at play. Such endorsements have previously piqued the interest of retail investors in cryptocurrencies, helping to drive prices higher.</p>
 <p>Drake himself is not new to Bitcoin. During the 2022 Super Bowl, the rapper used Bitcoin to place bets.</p>
 <h2 id="michael-saylor-dumps-mstr">Michael Saylor Dumps $MSTR</h2>
 <p>Separately, a filing with the US Securities and Exchange Commission (SEC) shows that Saylor sold 1,050 MicroStrategy (MSTR) shares on March 8. The sale happened at an average price of $1,415 per share.</p>
 <p>The executive chairman of MicroStrategy has sold a total of 205,000 MSTR shares over the years but has not made any purchases.</p>
 <p>His sale comes as MicroStrategy accumulates more Bitcoin. The analytics firm recently purchased 12,000 BTC for $821 million. It now holds 205,000 BTC purchased for $6.91 billion.</p>
 <h3 id="also-read">Also Read:</h3>
 <ul>
  <li>Bitcoin Bull Run Creating Over 1,500 Millionaire Wallets Daily, Kaiko Research Says</li>
  <li>NFT Sales Jump 16% Today – Is The NFT Bull Market Now About To Start?</li>
  <li>London Stock Exchange To Start Accepting Crypto ETN Applications In The Second Quarter</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/rapper-drake-posts-michael-saylor-video-lauding-bitcoin-as-a-store-of-value-to-his-146-million-instagram-followers-tbt82450.html">https://thebittimes.com/rapper-drake-posts-michael-saylor-video-lauding-bitcoin-as-a-store-of-value-to-his-146-million-instagram-followers-tbt82450.html</a></p>
</div>

Rapper Drake Posts Michael Saylor Video Lauding Bitcoin As A Store Of Value To His 146 Million Instagram Followers

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