‘Bitcoin Commitment Fear’ Post Published by Michael Saylor, Community Abuzz

As a researcher with years of experience in the dynamic world of cryptocurrencies, I find myself consistently intrigued by the unwavering conviction of Michael Saylor, the Bitcoin evangelist and co-founder of MicroStrategy. His latest tweet, a call to the global crypto community to “get over your fear of commitment #Bitcoin,” is yet another testament to his relentless enthusiasm for this digital gold.


Michael Saylor, an ardent advocate for Bitcoin and co-founder of MicroStrategy, a leading player in the business intelligence software sector, has issued an optimistic prediction about Bitcoin, which he addresses to the international cryptocurrency community.

Saylor’s tweet, accompanied by an image of a Bitcoin-themed wedding ring, carries both psychological and practical implications. It essentially encourages Bitcoin users worldwide to overcome their hesitation towards commitment, using the hashtag #Bitcoin.

Get over your fear of commitment. #Bitcoin

— Michael Saylor⚡️ (@saylor) August 23, 2024

Day in and day out, including weekends, Saylor consistently shares tweets with a Bitcoin focus. This week, BTC has surpassed the $61,000 price mark no less than four times before experiencing a dip. At the moment of writing, the price of Bitcoin stands at $61,195 following a significant green candle on the daily chart.

In his recent tweet, “commitment” might be referring to his repeated assertions that MicroStrategy intends to keep the Bitcoin they’ve been acquiring since August 2020 for at least ten years, and possibly indefinitely.

The fact that only 21 million Bitcoins can be mined (with over 19 million already mined) and the low supply suggests that Michael Saylor might think Bitcoin’s price will continue to increase indefinitely. He made this stance clear in a tweet he posted on Thursday: “Based on my calculations, Bitcoin is destined to keep rising.”

In response to Saylor’s post, the crypto community on X expressed a lot of excitement, backing up his optimistic viewpoint about Bitcoin.

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2024-08-23 16:49