As a seasoned crypto investor with a keen interest in Bitcoin, I find Michael Saylor’s recent statement both intriguing and reassuring. The ability to transport large amounts of BTC anywhere in the world, as he put it, is a game-changer for those of us who value financial freedom and portability. The fact that Bitcoin can be taken “to the grave,” as Saylor and Weiss emphasized, adds an extra layer of security and peace of mind.
Michael Saylor, a well-known Bitcoin advocate and the executive chairman of MicroStrategy, the leading business intelligence firm, has expressed a strong belief that Bitcoin can be moved anywhere in the world, even to places like gravesites.
Bitcoin experienced a significant reversal in the past 24 hours, initially plunging and then rebounding to regain around $800 of its lost value. This event occurred as BTC displayed a substantial increase worth approximately $1,000. Following this impressive rise, there was a slight decrease of about 1.5%, causing Bitcoin’s price to settle at roughly $57,140 as of now.
Michael Saylor issues BTC statement
As a Bitcoin analyst, I’ve observed Michael Saylor highlighting an intriguing aspect of the digital currency – its ability to be effortlessly moved in significant quantities anywhere, contrasting it with physical gold or cash. He succinctly expressed this idea through his tweet: “They say you can’t take it with you. They were right, but not when it comes to #Bitcoin.”
They say you can’t take it with you. They were right—until #Bitcoin.
— Michael Saylor⚡️ (@saylor) July 7, 2024
As a digital asset management CEO, I concurred with Saylor’s bold statement about Bitcoin in a tweet response. While he focused on its unique attributes, I added my perspective: Bitcoin stands alone as the sole genuine “bearer asset” in existence. With this quality, you have the liberty to hold it even until your last breath.
German Bitcoin sales continue
An astute Bitcoin observer on the social media platform Lookonchain, referred to as a whale due to their extensive knowledge, has detected a recent transaction involving the German government selling Bitcoin. These digital assets were transferred to Coinbase and Bitstamp around noon today.
Based on the information from the source, a total of 1,000 Bitcoin, which is roughly equal to $55.8 million, was moved by the government. Half of this amount was allocated to the mentioned cryptocurrency exchanges.
Yesterday, Samson Mow, Bitcoiner and CEO of JAN3, expressed his skepticism regarding the recent Bitcoin correction not being a result of natural market forces. He noted that substantial Bitcoin sell-offs from both the German and US governments coincided with significant transfers from the defunct Mt. Gox exchange, flooding the market with a large supply of BTC and causing an artificial price drop.
As a crypto investor, I cannot stress enough that having control over millions of Bitcoins does not guarantee immunity from selling at any given moment. It’s essential to remember that we all hold the power to sell our Bitcoin holdings whenever we deem necessary.
— Samson Mow (@Excellion) July 7, 2024
In a more recent tweet on Sunday, Mow advised against focusing too much on the Bitcoin transactions related to Mt. Gox, but instead urged the community to accumulate Bitcoins, as the supply is dwindling while demand continues to rise. He emphasized that the coins from Mt. Gox are currently being moved and most likely redistributed rather than sold.
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2024-07-08 16:57