As a seasoned crypto investor with a keen interest in following industry leaders, I find Michael Saylor’s recent predictions and tweets about Bitcoin intriguing. His expectation of digital currency being the future form of money resonates with my belief that the world is moving towards a more decentralized and digital financial system.
Michael Saylor, the co-founder of MicroStrategy and a well-known Bitcoin advocate, has been consistently posting Bitcoin-related tweets daily. His latest message came at a time when Bitcoin regained the significant price milestone of $71,000.
In an earlier tweet, however, Saylor made a Bitcoin-related prediction about the future of money.
Join the Swarm.
— Michael Saylor⚡️ (@saylor) June 4, 2024
Michael Saylor’s statement as Bitcoin price jumps
In a recent post on Twitter, Saylor shared an image generated by AI featuring a bee nestling inside a beehive alongside a Bitcoin symbol. The caption read, “Come be part of it!” implying an invitation to join the expanding group of individuals who support and own Bitcoin.
I analyzed his previous tweet and discovered that he expressed a belief about the evolution of money. Saylor asserted that money will eventually take a digital form, ending the statement with a reference to Bitcoin using the corresponding hashtag.
The Future of Money is Digital. #Bitcoin
— Michael Saylor⚡️ (@saylor) June 3, 2024
As a crypto investor, I’ve witnessed an exciting development in the Bitcoin market lately. Yesterday, Bitcoin broke through the $71,240 mark and reached new heights. However, it dipped slightly today, only to regain its footing once more. This rollercoaster ride comes as investors eagerly anticipate potential interest rate cuts from the U.S. Federal Reserve, which could occur as early as November. The price surge between Tuesday and today represented a significant 3.71% gain. Unfortunately, since then, we’ve seen a slight decline of around 0.9%, leaving Bitcoin priced at approximately $70,680.
From my research as a financial analyst, I discovered that on Tuesday, Bitcoin Exchange-Traded Funds (ETFs) experienced substantial inflows, with approximately $887 million worth of Bitcoin being poured into these funds. Among the significant investors, BlackRock’s iShares BitCoin Trust (IBIT) acquired $274 million, while Ark Invest added $139 million to their Bitcoin holdings. This inflow represents the second largest daily investment in Bitcoin ETFs since the Securities and Exchange Commission (SEC) granted approval for these funds earlier in January.
Bitcoin to surpass gold 3x, Max Keiser expects
In a recent tweet, Bitcoin advocate Max Keiser expressed his belief that the value of Bitcoin’s market capitalization will exceed that of gold not just once, but possibly twice or even three times in the future. This prediction was based on a post by Twitter user “Bitcoin Archive.”
Based on a recent remark by VanEck CEO Jan van Eck in his discussion with crypto trader and podcast host Scott Melker, it is predicted that the value of Bitcoin’s market capitalization will surpass at least half of gold’s current market worth.
“At least”
FACT: #Bitcoin market cap will double & triple the market cap of Gold.
— Max Keiser (@maxkeiser) June 4, 2024
The total value of all the gold in the market amounts to around $15.9 trillion, while Bitcoin’s current market value is about $1.4 trillion. This means that Bitcoin’s market cap is roughly ten times smaller compared to gold’s at present.
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2024-06-06 12:20