U.Today – Michael Saylor, a prominent advocate and co-founder of business intelligence giant MicroStrategy, used his official platform X pseudonym to make a major announcement regarding BTC.
“Fix Money. Fix the World”
Saylor shared an image of a world map, with most of the continents outlined in black, and a girl sitting on a swing, also outlined in black, under Africa. “Fix money. Fix the world,” Michael Saylor tweeted, as if to suggest that the way things work in the world right now is less than perfect because of fiat money and the ability of governments to print as much of it as they want. Saylor seems to suggest that once Bitcoin fixes money, it will also “fix the world.”
On July 30, Saylor shared another tweet, more positively, also mentioning Bitcoin. He cited a CNBC story that stated that during the recent Bitcoin 2024 conference, multiple companies committed to buying Bitcoin and adding it to their balance sheets as a strategic treasury asset.
These companies — no specific names were given — will follow the MicroStrategy playbook. The giant has been acquiring BTC since August 2020 and currently holds a whopping 226,331 Bitcoins worth a whopping $7.5 billion.
Goldman Sachs CEO Explains His Stance on Bitcoin
As previously reported, Goldman Sachs CEO David Solomon recently admitted that he believes Bitcoin could have applications as a store of value. He told the CNBC Squawk Box hosting team during the Paris Olympics the other day.
Overall, I still consider BTC to be a speculative asset.
Bitcoin is looking to break out
The world’s largest digital currency by market capitalization, Bitcoin, has fallen by about 6% over the past 24 hours, taking it off the $70,000 mark and falling to $65,785. That drastic drop was followed by a gain of less than 1%, and Bitcoin is currently trading at $66,320.
The reason for the vast drop was the US government’s move to move more than $3 billion worth of BTC from the illegal online marketplace Silk Road, confiscated in 2012 by Ross Ulbricht. The marketplace was shut down a year later, and its founder was arrested and is currently serving two life sentences in prison.
