Michael Saylor Supports Bitcoin Recovery With Epic “Orange Pill” “Matrix” Statement

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As a seasoned researcher who has closely followed the cryptocurrency market for over two decades, I find Michael Saylor’s recent statements and actions intriguing. His reference to “The Matrix” and the “orange pill” is a clever nod to Bitcoin’s history and its potential future impact. It’s reminiscent of the early days when Bitcoin was still in its infancy, and its community relied heavily on pop culture references to spread the word about this revolutionary technology.

Michael Saylor, a vocal advocate for Bitcoin and co-founder of MicroStrategy, recently shared an important update with his large following on the social media platform now known as X (previously known as Twitter).

Epic “Matrix” and “Orange pill” message from Saylor

Following a notable recovery, the world’s leading cryptocurrency, Bitcoin, saw its value increase by over 5%. This surge propelled BTC from approximately $54,600 to $57,520 within just one day, adding nearly $3,000 to its value.

Currently, Bitcoin has experienced a dip following some increased volatility. As I’m typing this, the price stands at approximately $56,870 per Bitcoin.

In response to the situation, Michael Saylor shared an AI-generated likeness of himself, drawing a parallel with the iconic movie by the Wachowskis – “The Matrix”. The image echoes Morpheus’ offer to Neo between red and blue pills. However, in his tweet, Michael Saylor invites people to choose the orange pill instead.

Take the Orange Pill.

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

An “orange pill” is a common reference to Bitcoin, since it refers to BTC’s original orange colour.

Bitcoin to $13 million in 21 years: Saylor

On Monday, Saylor made waves within the Bitcoin community when he declared on CNBC’s Squawk Box program that he anticipates Bitcoin’s value could soar to an astonishing $13 million per coin over the next 21 years.

According to Saylor, Bitcoin represents approximately 10% of the total global money market right now. However, the chairman of MicroStrategy thinks that digital gold could potentially assimilate around 7% of the existing monetary mass, with a significant portion coming from the current market value of gold.

NBA legend Scottie Pippen playfully speculated if the Bitcoin inventor, Satoshi Nakamoto, had divulged this information to him in a dream, after he tweeted earlier this month that Satoshi allegedly revealed in his dream that on November 5, the price of BTC would reach an astounding $84,650.

Billy Markus, the creator of Dogecoin, jokingly predicted that the value of Bitcoin might surge to an astronomical figure, such as 100 billion trillion quadrillion.

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$850 million in Bitcoin offloaded on market

As per a tweet shared by well-known cryptocurrency analyst Ali Martinez, it’s reported that short-term traders recently sold off approximately 14,816 Bitcoins. At the time of sale, this amount of Bitcoin was worth nearly $850 million.

Martinez published a chart by the on-chain data aggregator CryptoQuant.

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2024-09-10 16:54