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Bitcoiner Michael Saylor’s Call to Action as Bitcoin (BTC) Trades Above $71,100
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Michael Saylorfounder and executive chairman of the giant MicroStrategy, took to the social network X (formerly known as Twitter) to send a Bitcoin-themed message to the global BTC community.
He posted his tweet as the world’s leading cryptocurrency struggles to hold above the $71,000 level, which it lost and then regained over the past two days.
Michael Saylor’s Bullish Bitcoin Call
MicroStrategy is the only company that has been regularly buying Bitcoin since August 2020 and talking about it publicly. Furthermore, over the past two years, it has raised funds from investors to purchase even more BTC. As of today, the company holds 214,400 Bitcoins on its balance sheet and this amount is valued at approximately $7.538 billion. Saylor’s venture continues to accumulate more BTC.
When his company adopted this Bitcoin purchasing strategy, Saylor began posting several short daily tweets about BTC accompanied by AI-generated images. The tweet Saylor posted today contained just one word, but it seemed like a bullish call to the Bitcoin community: “HODL.”
At the time of writing, Bitcoin is changing hands at nearly $71,500.
Related
Robert Kiyosaki: Bitcoin will reach $350,000 in August
Today, Robert Kiyosaki, prominent investor and author of the book “Rich Dad, Poor Dad,” tweeted a mega-bullish prediction for the price of Bitcoin. The investor and entrepreneur stated in his post that he expects Bitcoin to skyrocket up to $350,000 level by August 25 this year.
He stressed, however, that he wants this prediction to be true and that it is “just a prediction,” further clarifying that he does indeed expect Bitcoin to hit $350,000, if not in August, then at least at some point this year. He also revealed that he continues to hold not only more Bitcoin but also more Ethereum and Solana.
The reason he bought those altcoins is not because he believes in their huge potential, he said, but because he has no faith in the US government, the Fed and their fiscal policies. Cryptocurrency trader and analyst Willy Woo found this goal unlikely to be reached this year. He wrote: “I guess if you happened to have an extra $2.2 trillion to buy BTC before August 25th, I guess you could do it.”
I guess if you happened to have an extra $2.2 trillion to buy BTC before August 25th, I guess you could do it.
This is the math.
— Willy Woo (@woonomic) June 6, 2024