Crucial Bitcoin (BTC) Reminder Comes From Michael Saylor

by

Michael Saylor, the founder and current Bitcoin strategist at MicroStrategy, the prominent business intelligence firm, frequently shares Bitcoin-related content with his large following on social media. He often incorporates AI-generated Bitcoin images into his posts.

On this occasion, Saylor took to Twitter to issue a crucial warning to the cryptocurrency crowd, advising them not to overlook the upcoming Bitcoin event of great significance.

Michael Saylor’s Bitcoin reminder

Nine days from now, there will be a Bitcoin halving event, as announced by Saylor through a tweet. This significant occurrence holds great importance for Bitcoin users and the larger cryptocurrency community.

The Halving is Coming. #Bitcoin

— Michael Saylor⚡️ (@saylor) April 10, 2024

Following the latest halving event, which is the fifth since Bitcoin’s inception in 2009, the remuneration for miners per block will be reduced by half, from 6.25 Bitcoins to 3.125 Bitcoins. Consequently, the daily issuance of new Bitcoins will decrease from 900 coins to approximately 450 coins.

In the crypto community, several experts believe that the upcoming halving will propel Bitcoin’s price to reach a new record high. Previously, in 2020, a similar occurrence led Bitcoin to achieve two remarkable peaks in 2021. The primary surge can be attributed to Elon Musk and Tesla, who bought an impressive $1.5 billion of Bitcoin and added it to their financial statements. Later, Tesla made headlines by accepting Bitcoin as a payment method for their electric vehicles.

In March this year, Bitcoin set a new record price of $73,750. At present, the cryptocurrency is being traded for around $67,621, representing a 4% decrease in value over the last hour.

Read More

2024-04-10 17:28