As a seasoned analyst with over two decades of experience in the financial markets, I find myself intrigued by Michael Saylor’s latest tweet about Bitcoin. Given his role as the founder of MicroStrategy, one of the largest corporate holders of Bitcoin, it is not surprising that he remains bullish on the world’s leading cryptocurrency.
Michael Saylor, the creator of MicroStrategy – the company with the most significant Bitcoin holdings – voiced his thoughts on the price increase seen in BTC on Thursday via his account on the X platform (often known as Twitter in previous times).
Bitcoin briefly reclaims $62,000
From Thursday night until early Friday morning, Bitcoin, the global leader in cryptocurrencies, experienced a significant 9% increase and touched a new high of $62,440. Over the past several days, this digital currency has shown a notable surge of approximately 25%.
The significant increase in price was influenced by several key aspects, one of them being Ripple and XRP‘s legal triumph over the SEC in court. As per Ripple CEO Brad Garlinghouse, this victory held importance not just for Ripple and XRP, but also for the entire global cryptocurrency market.
Today, however, Bitcoin made a 3.3% setback, falling hack into the $60,360 zone.
As an analyst, I observed that Michael Saylor responded to Bitcoin’s rapid climb past $62,000 by sharing a Bitcoin-centric graphic and writing on Twitter, “Crack the Code with Bitcoin.”
Solve the Puzzle with ₿itcoin
— Michael Saylor⚡️ (@saylor) August 8, 2024
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2024-08-09 15:56