As a seasoned analyst with years of experience navigating the tumultuous waters of the crypto market, I find myself consistently intrigued by Michael Saylor’s public statements on Bitcoin. His latest meme-like post serves as yet another testament to his unwavering bullish stance on BTC.
Many individuals involved in the crypto world have grown accustomed to MicroStrategy CEO Michael Saylor’s comments about Bitcoin. Known as a strong advocate for the initial cryptocurrency, Saylor frequently shares posts on his social media platforms expressing his positive outlook on the digital asset.
Occasionally, these discussions delve into important details regarding Bitcoin. On other occasions, they’re more akin to humorous internet memes, expressing optimistic sentiments about Bitcoin. The example we’re currently looking at falls under the latter category.
In this image, Michael Saylor, seemingly employing artificial intelligence, placed himself before the iconic Wall Street bull. Accompanying the photo was the caption, “With each passing day, I become increasingly bearish on traditional assets and more bullish about Bitcoin.” This succinctly conveys the sentiment of Microstrategy CEO towards Bitcoin.
Each day I grow more ₿ullish.
— Michael Saylor⚡️ (@saylor) August 29, 2024
In fact, Saylor’s claims about Bitcoin are supported by his actions, since MicroStrategy already holds a substantial amount – 226,500 BTC, currently valued at approximately $13.68 billion. This isn’t the last we’ll see of their Bitcoin purchases, and as September arrives, there’s a strong possibility that Saylor and his team will announce another acquisition soon.
Bitcoin or MSTR?
Currently, Bitcoin has climbed 2.7% in today’s market, surpassing $60,000 per BTC once again. This significant price level was briefly lost following a disappointing report from Nvidia. However, as a reflection of tech stocks, Bitcoin also dipped, but it appears that interested buyers are still active. One of these investors is definitely MicroStrategy’s CEO, Saylor.
It’s intriguing that while Bitcoin is experiencing a downturn relative to tech stocks, MicroStrategy’s stock (MSTR) has become correlated with the cryptocurrency, given its significant holdings in crypto. In fact, companies like Vortex Brands are now considering MicroStrategy stock as a strategic asset, even venturing into its acquisition, similar to how miners might deal with Bitcoin.
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2024-08-29 18:45