Michael Saylor Breaks Silence on Bitcoin (BTC) Price Break: Details

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U.Today – As (BTC) experiences a price pause, Michael Saylor, CEO of MicroStrategy, made a public declaration that reverberated throughout the cryptocurrency community. His message is elementary and direct: “Go for Bitcoin.”

Saylor’s statement comes at a pivotal time for Bitcoin. After significant price movements, the world’s largest cryptocurrency is experiencing extraordinary placid.

In a recent tweet, Saylor reaffirmed his unwavering confidence in Bitcoin, saying to “bet” on the digital asset despite the current price pause. This bold declaration is no stranger to Saylor, who consistently defends Bitcoin as an excellent store of value and hedge against inflation.

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MicroStrategy, under Saylor’s leadership, is at the forefront of corporate investing in Bitcoin. Thanks to the company’s aggressive acquisition strategy, it has amassed a significant Bitcoin portfolio, making it one of the largest institutional holders of the cryptocurrency. Saylor’s latest “Bet on Bitcoin” message may confirm his belief in Bitcoin’s long-term potential.

The timing of Saylor’s announcement is noteworthy because it coincides with broader market sentiment that is cautious and positive.

Bitcoin (BTC) rose above $67,000 on Friday for the first time in almost a month as bulls emerged after eight weeks of declines. Following this feat, Bitcoin price showed relatively little movement, failing to reach $68,000 as bulls needed a breather.

Bitcoin rose 0.06% in the last 24 hours to $67,007, reaching intraday highs of $67,701. Bitcoin continues to rise 10% over the last seven days. As the market watches and waits for Bitcoin’s next move, Saylor’s voice serves as a bullish counterweight, encouraging cryptocurrency holders to remain steadfast in their beliefs.

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This article was originally published on U.Today

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