Michael Saylor, the founder and ex-CEO of MicroStrategy who currently oversees its Bitcoin investment plan, recently shared a Bitcoin-focused update on his Twitter/X account to capture the attention of the cryptocurrency community.
Bitcoin community reacts to Saylor’s post
Michael Saylor’s tweet contained a simple statement and a visually striking image generated by an AI app. “Once you’ve seen something, you can’t unsee it,” he wrote, adding the hashtag #Bitcoin. The accompanying image depicted an android face with an eye replaced by the Bitcoin symbol in the cyberpunk art style.
What has been seen cannot be unseen. #Bitcoin
— Michael Saylor⚡️ (@saylor) April 15, 2024
Members of the Bitcoin community were quick to react on Twitter, sharing a mix of messages. Some expressed enthusiasm for Bitcoin and praised its enigmatic creator Satoshi Nakamoto, as well as Elon Musk’s recent investment. Others voiced concerns over exorbitant transaction fees for BTC.
As always, Michael Saylor has not responded to any of the comments under his post.
MicroStrategy beats Bitcoin, Saylor explains how
On Twitter last weekend, Saylor posted a chart demonstrating MicroStrategy’s financial success from its Bitcoin approach. The graph indicates that MicroStrategy’s stock value (MSTR) has skyrocketed by an astounding 1,097% since August 2020, when the company started buying large quantities of Bitcoin on a frequent basis for the first time.
In contrast to MSTR, Bitcoin has experienced a substantial growth of 463%, though less than that of its counterpart, gold, which has only gained 16%. Silver, on the other hand, has decreased by 1%. The S&P 500 index, similar to Bitcoin in some aspects, has risen by 52%, and the Nasdaq has followed suit with a 47% increase. Conversely, bonds have seen a significant drop of 21% since the beginning of 2020.
Days to go before halving
Within the next four days, the highly anticipated Bitcoin halving is set to occur. During this event, miners’ rewards for mining new blocks will be reduced by half. As a result, they will now earn approximately 3.125 BTC for each newly created block until the next halving occurs.
In four days, a significant event is set to take place. There’s excitement within the cryptocurrency world as they anticipate a surge in Bitcoin’s value post-halving. No definitive predictions with specific dates have been shared thus far.
Mining Bitcoin makes it more rare by decreasing the number of new coins entering the market each day. Currently, about 900 Bitcoins are created daily through mining, but following the next halving event, only 450 new coins will be produced per day.
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2024-04-15 18:11