U.Today – American businessman and CEO of MicroStrategy Michael Saylor, known for his radically bullish stance on the major cryptocurrency (BTC), has published an epic up-to-date post on his social media accounts. It should be noted that Saylor regularly shakes up the news field with his viral, unconventional statements about Bitcoin, which are often accompanied by some unusual image.
The recent period was no exception when the cryptocurrency market was under fire due to unsatisfactory macroeconomic data. The businessman literally introduced himself as a firefighter in uniform, with the BTC logo extinguishing a fire. This epic work of artificial intelligence has been captioned “Bitcoin to the rescue.”
Bitcoin versus recession?
It is still worth understanding what fire Michael Saylor is extinguishing – the one that removed $24 billion from the cryptocurrency market capitalization in a matter of hours, or the one that is currently burning the US economy. However, they are all pieces of the same puzzle, and inflation is rising faster than expected despite the Fed’s recent 50 basis point cut in interest rates.
However, what is happening in an economy that is clearly in recession is not necessarily consistent with what is seen by market participants, who seem to expect continued monetary easing.
In this case, you could say that Saylor is choosing the right side by promoting Bitcoin as a safe and sound haven in times of market conflagration. However, there is no doubt that the businessman would also choose BTC in any other situation.
