Michael Saylor Says Bitcoin ‘Storm-Proof’ as BTC Recaptures $66,000

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As a seasoned researcher with a keen interest in the crypto realm, I find it fascinating to observe the dynamic interplay between industry veterans like Michael Saylor and emerging players like Raoul Pal. Having closely followed their respective careers, I can’t help but feel a sense of admiration for their unwavering conviction in Bitcoin and other digital assets.

Michael Saylor, a prominent advocate for Bitcoin and co-founder of MicroStrategy corporation, has responded to Bitcoin reclaiming the $65,000 price point and momentarily reaching $66,000.

Michael Saylor Says Bitcoin 'Storm-Proof' as BTC Recaptures $66,000

Saylor makes bullish Bitcoin X post

Over the past day, Bitcoin, the world’s leading cryptocurrency, experienced a rise of approximately 4.4%. This surge pushed its value from around $63,000 to nearly $66,000. Currently, Bitcoin has climbed even higher, breaking the $63,300 mark and leaving a large green candle on the hourly chart as an indicator of this increase.

Saylor tweeted “#Bitcoin is Storm-Proof” to celebrate the reaching of another price milestone.

#Bitcoin is Storm-Proof.

— Michael Saylor⚡️ (@saylor) September 27, 2024

This afternoon, the co-founder of MicroStrategy expressed a reaction to a tweet from influential investor Raoul Pal. In the tweet, Pal mentioned that Solana (SOL) and Dogecoin (DOGE) were among his key cryptocurrency investments. Notably, Pal is also an advocate for Bitcoin.

In response to Michael Saylor’s comment suggesting that Bitcoin lacks Raoul Pal, Pal stated that he remains fully committed to Bitcoin and its promising potential. Yet, his current focus is on “strategic asset allocation,” a term that encompasses bold investment strategies.

He mentioned that he’s not as financially well-off as you are, but he’s looking to invest in lucrative opportunities requiring minimal initial investment. As Bitcoin is increasingly becoming a high-value asset on Wall Street, alternatives like Solana (SOL), Dogecoin (DOGE), and others remain within reach for individuals with fewer resources compared to those on Wall Street.

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2024-09-27 18:54