Michael Saylor Shares Insight on ‘Bitcoin’s Prospects’ While BTC Stabilizes Around $60,000
Disclaimer: The views of our authors are solely theirs and do not represent the opinions of U.Today. We provide financial and market data on U.Today for educational purposes only. U.Today takes no responsibility for any trading losses incurred as a result of cryptocurrency transactions. We advise conducting thorough research and consulting financial professionals before any investment activities. We believe that the information provided is accurate at the time of publication; however, some previously shown offers may no longer be valid.
Contents
Michael Saylor, the entrepreneur behind MicroStrategy, recently made a post on a social platform featuring a forward-looking statement on Bitcoin against a sci-fi-themed backdrop.
Saylor discusses Bitcoin price performance
The visual in question signifies the future, showcasing an off-world scene reminiscent of either the Moon or Mars.
Saylor stated in his tweet: “Seize the future.” His pronouncement came at a time when Bitcoin, the premier digital currency, has been hovering around the $60,000 mark, momentarily touching $62,000 this past Friday. Many Bitcoin enthusiasts anticipate a pivotal role for BTC, expecting it to emerge as the dominant global currency or, at the very least, to witness its meteoric rise to $1 million in the foreseeable future.
On Thursday, Bitcoin manifested a remarkable 13.34% appreciation, which spilled over to Friday when BTC climbed from $55,000 to $62,400.
Related Articles
Bitcoin stabilizes after downturn in Japan’s markets
Bitcoin showed signs of stabilizing this week, recovering from a 25% slide that followed the sharp downturn in Japan’s stock market. This dip significantly influenced global markets, including the U.S., and had a domino effect on Bitcoin, triggering a widespread drop in altcoin values as well.
Amidst Bitcoin’s recovery to the $60,000 threshold, spot Exchange Traded Funds (ETFs) have reported substantial inflows. Ten such funds experienced net additions amounting to 4,698 BTC with a value of $283.87 million. BlackRock’s IBIT was at the forefront, receiving 2,641 BTC, approximately $159.57 million in value. At present, the spot Bitcoin ETF managed by BlackRock holds a total of 347,608 BTC, equating to a massive $21 billion.
With this, BlackRock now oversees more Bitcoin holdings than MicroStrategy — with BlackRock at 347,608 BTC compared to MicroStrategy’s stash of 226,500 Bitcoins, or $21 billion versus $7.538 billion, respectively. MicroStrategy has been consistently increasing its Bitcoin reserves since August 2020.
Source link
#Michael #Saylor #Issues #Bitcoin #Future #Tweet #BTC #Holds
