Michael Saylor’s BTC Banter: Is Bitcoin the New Gold? 💰

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Michael Saylor’s <a href="https://investment-policy.com/btc-usd/">BTC</a> Banter: Is <a href="https://usdinrusd.com/btc-usd/">Bitcoin</a> the New Gold? 💰

Well, well, well! It appears that Bitcoin (BTC) has decided to don its Sunday best and prance back into the green, much to the delight of one Michael Saylor, cofounder of Strategy and self-proclaimed Bitcoin bard. With a flourish that would make even the most seasoned thespians envious, he took to Twitter to declare, in a tweet that could only be described as succinctly audacious, “Try BTC.” Yes, you heard it right, folks—two words that could potentially change the course of history! Or at least make for a jolly good headline. 📈

TRY BTC

— Michael Saylor⚡️ (@saylor) March 19, 2025

Now, Saylor, bless his heart, has been waving the Bitcoin flag with all the enthusiasm of a schoolboy at a cricket match. He’s been known to champion Bitcoin as the superior alternative to those pesky fiat currencies, which seem to be as stable as a one-legged man in a kicking contest. His latest tweet, of course, is a clarion call for those who might be feeling a tad jittery about their currency losing its charm—especially in places where the lira is doing a rather impressive impression of a sinking ship.

In a delightful twist of fate, Strategy has announced plans to sell a whopping $500 million of dollar-denominated perpetual preferred stock. Yes, you heard that right! They’re planning to use the proceeds for “general corporate purposes,” which, in layman’s terms, means buying more Bitcoin and keeping the lights on. Because who doesn’t want to keep the lights on while they’re busy acquiring digital gold?

Just yesterday, our dear friend Michael’s company decided to splash out $10.7 million on Bitcoin, a mere week after they hinted at issuing up to $21 billion in preferred shares to acquire even more of the shiny stuff. It’s like a game of Monopoly, but with real money and a lot more at stake!

Bitcoin Price Rebounds

In a turn of events that could only be described as thrilling, Bitcoin has rebounded to a staggering $84,330 in the early Wednesday session. Traders, with bated breath, are awaiting the outcome of the Federal Open Market Committee (FOMC) meeting, which is about as exciting as watching paint dry, but with more financial implications.

As of the latest gossip, BTC is up nearly 2% in the last 24 hours, strutting around at $83,934, with intraday highs of $84,358. Traders are keeping a keen eye on the $80,000 mark, as a slip below that would be akin to a banana peel on a dance floor—slippery and potentially disastrous!

The FOMC decision could either send Bitcoin soaring like a kite on a windy day or plunge it into the depths of despair, depending on whether the committee decides to be dovish or hawkish. It’s a bit like a game of roulette, but with more spreadsheets and fewer chips.

According to the wise sages at Glassnode, the Bitcoin market is still adjusting to its new price range after a rather dramatic 30% fall. Liquidity levels are dwindling faster than a magician’s rabbit, and long-term holders are sitting on their hands, confirming that the market is as lively as a sloth on a Sunday afternoon.

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2025-03-19 18:04