Michael Saylor Gives Bitcoin (BTC) Insight as Price Surpasses $67,000

The recent surge in Bitcoin (BTC) has lifted its price above $67,000, marking a significant rebound from the recent lows below $60,000. This positive market trend has seemingly inspired MicroStrategy’s founder Michael Saylor to maintain his optimistic view on the cryptocurrency.

Saylor Encourages Investment in Bitcoin

Using the X app, Saylor posted an image featuring two black dice with a prominent Bitcoin logo on each die.

Accompanying the picture was a caption that simply stated, “Bet on Bitcoin.” Over the past four years, Saylor has spearheaded MicroStrategy’s substantial accumulation of Bitcoin, showing unwavering confidence in the coin regardless of price fluctuations. The company’s adoption of a Bitcoin-focused strategy has proven to be highly lucrative, considering the current Bitcoin price compared to their initial purchases.

With his recent social media post, Saylor may be urging investors to consider allocating their funds towards Bitcoin or even adopt a similar approach to MicroStrategy.

Saylor’s strong belief in Bitcoin is evident in the significant amount of BTC that MicroStrategy currently holds. Following a purchase of 122 Bitcoin for $7.8 million in April, Ailtra reported that the company’s total Bitcoin holdings now stand at 214,000 Bitcoin. Despite this substantial holding, the firm has not indicated any plans to divest their Bitcoin assets.

MicroStrategy Founder Advocates Bitcoin Dominance Over Altcoins

Saylor recently escalated his advocacy for Bitcoin by labeling Ethereum as a security, aligning with Gary Gensler’s classification of the crypto asset.

During a speech at the MicroStrategy World 2024 conference on May 2nd, Saylor indirectly emphasized Bitcoin’s dominance by criticizing the potential approval of a spot Ethereum ETF by the United States Securities and Exchange Commission (SEC).

He further forewarned that other lower-tier crypto assets such as SOL, XRP, and ADA might also be deemed unregistered securities in the future. While this assertion sparked backlash from various industry experts and observers, renowned trader Peter Brandt expressed his support for Saylor’s stance.

Brandt boldly declared, “This is a one horse race,” subtly referencing a previous video in which Saylor had highlighted Bitcoin’s superiority over other cryptocurrencies.

Discover More: XRPL Startup XPMarket Initiates Token Swap After Distribution Error




Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]

Top 10 Web3 Games To Explore In 2023; Here List



Crypto Stories

View all

5 Important Highlights from the Recent Fed Meeting
5 Important Highlights from the Recent Fed Meeting

ChatGPT's Next Big Upgrade: What You Need to Know
ChatGPT’s Next Big Upgrade: What You Need to Know

5 Reasons behind Mega Bank's 2024 Ethereum Price Prediction
5 Reasons behind Mega Bank’s 2024 Ethereum Price Prediction


🚀 Ailtra Crypto Bot Earned $13.4M Million in 11 Months with 0% Loss!

🚀 Ailtra generated $13.4M in 11 months only!

Unlock 15-55% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 15th Aug: an AI Crypto Bot boasting 15%-55% monthly gains and $13.4M earnings in 11 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,500 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.