Crucial Bitcoin ‘Fix the Money’ Tweet Published by Michael Saylor

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As a seasoned crypto investor, I find myself constantly intrigued by the ever-evolving world of digital currencies. Michael Saylor’s recent tweet about Bitcoin and its potential to “fix the world” resonates deeply with my own beliefs.

Michael Saylor, a well-known Bitcoin advocate and co-founder of the MicroStrategy business intelligence corporation, recently shared significant insights about Bitcoin on his verified account on the X platform.

“Fix the money. Fix the world”

Michael Saylor posted a picture on Twitter featuring a world map with most continents in black, except for Africa where a black girl is shown sitting on a swing. His caption reads, “Fix the Money. Fix the World.” This appears to imply that the current global system, which includes fiat money and the unrestricted ability of governments to print it, is flawed. Saylor seems to be proposing that once Bitcoin addresses the issue of money, it could potentially rectify global issues as well.

Fix the Money. Fix the World.

— Michael Saylor⚡️ (@saylor) July 31, 2024

On the 30th of July, Saylor posted another optimistic tweet, this time referencing Bitcoin. He referenced a news article from CNBC, which reported that numerous businesses had pledged to purchase Bitcoin at the recent Bitcoin 2024 conference and include it in their financial holdings as a strategic treasury asset.

As a crypto investor, I’ve noticed that some companies, unspecified for now, seem to be adopting MicroStrategy’s strategy. Since August 2020, this giant has been amassing Bitcoins and is now in possession of an impressive 226,331 Bitcoin, worth a staggering $7.5 billion at current values.

Goldman Sachs CEO clarifies his Bitcoin stance

According to previous reports, David Solomon, CEO of Goldman Sachs, has expressed his view that Bitcoin could potentially serve as a form of value storage. He shared this opinion with the hosts of CNBC’s Squawk Box during their coverage of the Olympics in Paris.

However, in general, he still believes that BTC is a speculative asset.

Bitcoin strives to break out

In the past day, Bitcoin, the digital currency with the highest market value, experienced a drop of approximately 6%, causing it to fall below the $70,000 mark and settle at around $65,785. This sharp decrease was followed by minimal growth of less than 1%, and as of now, Bitcoin is being traded at roughly $66,320.

The significant drop was due to the U.S. government selling over $3 billion worth of Bitcoin (BTC) they had seized from the Silk Road, an unlawful online marketplace established by Ross Ulbricht in 2012. This platform was shut down a year later, with its founder apprehended and currently serving two consecutive life sentences in prison.

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2024-07-31 18:18