As a seasoned researcher with over two decades of experience in the financial industry, I find Michael Saylor’s recent Bitcoin tweet intriguing, especially given his background and MicroStrategy’s significant investment in Bitcoin. His use of the phrase “Claim the Future” is a clear demonstration of his conviction that Bitcoin represents the future of global finance.
Michael Saylor, the innovator behind MicroStrategy, recently shared a forward-thinking post about Bitcoin on his social media (previously known as Twitter), complete with a visionary graphic.
Saylor comments Bitcoin price performance
The image is about the future and depicts an extraterrestrial landscape, such as the Moon or Mars.
Saylor tweeted: “Claim the future.” He published his tweet while the world’s flagship cryptocurrency, Bitcoin, continues to trade within the $60,000 price range after briefly reclaiming $62,000 on Friday. Many Bitcoiners place their hopes in BTC, expecting it to become the global currency in the future or at the very least they hope to see BTC soaring to $1 million in the near future.
Claim the Future. #Bitcoin
— Michael Saylor⚡️ (@saylor) August 9, 2024
On a Thursday, Bitcoin showed a remarkable jump of 13.34%, and this upward trend continued into the following day. As a result, Bitcoin’s price soared from around $55,000 to reach approximately $62,400.
Bitcoin recovers after Japanese crash
As a seasoned investor with over two decades of experience in the financial markets, I have witnessed numerous market fluctuations and crashes. The recent events surrounding Bitcoin (BTC) are no exception to this trend. This week, I saw BTC finally halt its descent and begin recovering from the 25% drop it suffered following the tumultuous plunge of the Japanese stock market. This domino effect sent shockwaves through global markets, including the one in the United States, where I personally have significant investments. The impact was particularly pronounced on Bitcoin, which took a heavy beating, triggering a massive crash among altcoins as well. It’s always important to stay vigilant and adaptable in the face of market volatility, as these events remind us that even the most resilient assets can be susceptible to external factors.
During the recent surge of Bitcoin price up to $60,000, exchange-traded funds (ETFs) specializing in spot Bitcoin have experienced significant inflows. Specifically, over the past week, these 10 ETFs attracted approximately 4,698 Bitcoins, equivalent to around $283.87 million. The largest influx was observed in BlackRock’s IBIT, which received about 2,641 Bitcoins worth $159.57 million. As of now, this particular spot Bitcoin ETF has a total holding of 347,608 Bitcoins, translating to an impressive $21 billion.
August 9th Update:
— Lookonchain (@lookonchain) August 9, 2024
It’s now true that the amount of Bitcoin owned by BlackRock exceeds that of MicroStrategy. Specifically, BlackRock holds approximately 347,608 Bitcoins, while MicroStrategy’s holdings total around 226,500 Bitcoins. When converted to dollars, these figures represent $21 billion and $7.538 billion respectively. Notably, MicroStrategy has been consistently amassing Bitcoin since August 2020.
Read More
- SOL PREDICTION. SOL cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- TON PREDICTION. TON cryptocurrency
- USD ZAR PREDICTION
- USD PHP PREDICTION
- Top gainers and losers
- ENA PREDICTION. ENA cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
2024-08-10 10:55