U.Today – Michael Saylor, chief evangelist and co-founder of business intelligence firm MicroStrategy, took to social media platform X (formerly known as Twitter) to make an sanguine statement about the price of bitcoin.
This comes as the world’s largest digital currency continues to attempt to break through the $65,000 level it recently regained and then lost again.
Saylor’s “Bitcoin Moon” Message
Michael Saylor welcomed his 3.5 million-strong army of followers to X with a post that featured an image of a spacesuit and a Bitcoin image on the front of his helmet. “#Bitcoin to the Moon,” Saylor tweeted.
Michael Saylor is a long-time Bitcoin advocate and investor. Since August 2020, his company MicroStrategy has been regularly acquiring digital gold, and Saylor has been constantly promoting BTC in various podcasts and interviews with leading TV channels and mainstream media outlets. MicroStrategy currently holds 226,331 Bitcoins, which is worth a whopping $7.538 billion.
This year, in March and June, the company offered convertible senior notes to investors to raise more Bitcoin through these debt offerings. In June, MicroStrategy initially aimed to raise $500 million, but later increased the target to a staggering $700 million.
On Tuesday, Saylor shared a Fox Business video about Bitcoin and called BTC the “highest performing asset.”
Bitcoin’s recovery after recent deep decline
Bitcoin is currently doing its best to reclaim the $66,000 level it briefly breached earlier today. A 5.11% boost took BTC there over the past 24 hours, but it has since fallen 1.54%, pushing the largest cryptocurrency back to the current $64,900 zone.
The last time Bitcoin’s current price level was seen was about a month ago – on June 20. Then, a series of gigantic sell-offs and huge BTC moves pushed the BTC price even lower. Over the past few weeks, the German government has sold about 50,000 BTC worth $3,240,020,000.
Then, more recently, Mt. Gox began loading billions of bitcoins first into recent wallets and then, earlier this week, onto cryptocurrency exchanges. This was in preparation for compensation payments in BTC and BCH to creditors who had been waiting since 2014 to recover their cryptocurrencies lost in a major hack.
