The post Is Bitcoin’s Success Random or Calculated? Michael Saylor Exposed The Hard Truth appeared on BitcoinEthereumNews.com.

The world’s most popular cryptocurrency, Bitcoin, has its share of lovers and haters. However, with the rising popularity of this cryptocurrency, the world is turning in its favor. This has happened, especially with the continuous profits and rising values in the market. Talking of profits, the BTC hit a new milestone of surging to as high as $73K just a few months back, which is much more impressive after analyzing its price history. With this, Microstrategy, the analytics software company, has turned in its support. They designated a significant portion of the company funds to buy this crypto. More importantly, Michael Saylor, the company CEO, is the biggest brand ambassador of this digital asset. Michael Saylor Reveals The Calculative Side of Bitcoin The Bitcoin price has been struggling for the past few days following a market crash. Even at the time of writing, BTC is trading at $59.2K after an almost 8% loss over the week. With this, many have questioned the growth potential of Bitcoin and how it has achieved this much when it is struggling at such a prime time. This question has been among many, and some have claimed it to be a random chance. But Michael Saylor has come in front to reveal the harsh truth behind the success of this cryptocurrency. Michael took the X platform to explain how Bitcoin is a calculative success rather than a random success. In the post, he presented the success formula, including all the important metrics that have pushed Bitcoin to such great lengths of success. Based on the post, 32 Bitcoin halving will occur, 210,000 is the total supply, and 50 is the count of the new token issues per block, and solving this with the factors of already passed halving gave the success formula of BTC. Putting…

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Filed under: News - @ August 31, 2024 11:35 pm