As an experienced financial analyst, I’ve closely followed the cryptocurrency market for years, and I’ve come to appreciate the insights of industry leaders like Michael Saylor and Robert Kiyosaki. In this current context, both have expressed their bullish views on Bitcoin, which is currently experiencing volatility around the $71,000 level.
Michael Saylor, the founder and executive chairman of MicroStrategy, recently shared a Bitcoin-related message on X Social Media (previously known as Twitter), addressing the international Bitcoin community.
As the foremost cryptocurrency battles to maintain its position above the $71,000 mark, a level it has previously slipped below and reclaimed in the recent past, he put out his tweet for all to see.
Michael Saylor’s bullish Bitcoin call
MicroStrategy is the leading company openly purchasing Bitcoin since August 2020, with reports indicating continuous acquisitions. Additionally, the firm has been successfully raising funds from investors to amplify its Bitcoin holdings. Currently, MicroStrategy owns approximately 214,400 Bitcoins, valued at around $7.538 billion. The enterprise under Michael Saylor’s leadership continues to amass more Bitcoins.
With his company recently implementing a Bitcoin buying approach, Saylor has been actively sharing daily tweets featuring AI-generated Bitcoin images and the word “HODL.” This simple yet significant message from Saylor today can be interpreted as a bullish signal to the Bitcoin community.
#HODL
— Michael Saylor⚡️ (@saylor) June 6, 2024
At the time of this writing, Bitcoin is changing hands at close to $71,500.
Robert Kiyosaki: Bitcoin will hit $350,000 in August
Today, Robert Kiyosaki, a well-known investor and author of “Rich Dad Poor Dad,” shared an optimistic forecast about Bitcoin’s price on Twitter. He expressed his belief that the cryptocurrency could reach unprecedented heights, potentially hitting $350,000 by August 25th this year.
Despite expressing hope that the prediction comes true, he made it clear that his statement regarding Bitcoin reaching $350,000 is merely a forecast. This anticipated price point may not materialize in August but could still happen during the year. Additionally, he disclosed that he remains in possession of larger quantities of Bitcoin, Ethereum, and Solana.
Him purchasing those altcoins isn’t driven by faith in their immense prospects, he asserted, but rather by his lack of confidence in the U.S. government, the Federal Reserve, and their monetary policies. According to crypto trader and analyst Willy Woo, achieving that goal seems implausible this year. He stated, “If you happen to have an extra 2.2 trillion dollars on hand to acquire Bitcoin before August 25th, then perhaps you could manage it.”
If you find yourself in a fortunate position with an extra 2.2 trillion dollars at your disposal prior to August 25th, you have the potential to purchase a significant amount of Bitcoin.
— Willy Woo (@woonomic) June 6, 2024
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2024-06-06 17:41