Michael Saylor Makes Stunningly Bullish ‘Bitcoin To The Moon’ Statement As BTC Pushes Past $65K ⋆ ZyCrypto
The post Michael Saylor Makes Stunningly Bullish ‘Bitcoin To The Moon’ Statement As BTC Pushes Past $65K ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Data from CoinGecko shows that the price of Bitcoin climbed above $65,000 on Friday for the first time since the beginning of August and now hovers at $65,778. Over the past day, the coin has increased by 3% to reach levels not seen in nearly two months, further recovering from a turbulent early September start that saw the price of the world’s largest crypto by market cap plummet to as low as $53,000. True to his character, Michael Saylor, the Executive Chairman and co-founder of Nasdaq-listed Bitcoin development firm MicroStrategy, reacted to BTC’s bullish upswing. Saylor’s Smashing Bitcoin Statement Michael Saylor published a 2-minute animated video on Twitter (aka X), with the caption “Take Me to the Moon. #Bitcoin”. The video features a Bitcoin-only band of four members, the Maxis, performing their version of Frank Sinatra’s “Fly Me to the Moon” song. The song praised Bitcoin’s decentralized qualities, portraying the alpha crypto as a bank in cyberspace. It also touted Bitcoin as the only asset central bankers cannot debase. Advertisement   The band says Bitcoin is the “only asset I dream of; I want more,” which clearly references Saylor and his unusually aggressive BTC accumulation strategy. Microstrategy started purchasing Bitcoin in 2020, adopting it as a reserve asset for its treasury. Since then, it has become the largest corporate reserve holder of Bitcoin, accumulating 252,220 BTC, worth roughly $16.5 billion at current prices. The company now owns nearly 1.2% of the total supply of Bitcoin that will ever be created. The BTC investment move appears to be paying off: MicroStrategy’s stock has since rocketed higher, becoming a way for investors to gain exposure to Bitcoin without buying it themselves. Moreover, the firm is now sitting on unrealized BTC profits of almost $7 billion. The Maxis further urged…
Filed under: News - @ September 27, 2024 11:18 pm