U.Today: Michael Saylor, co-founder of business intelligence giant MicroStrategy and prominent evangelist, continues a series of BTC-themed tweets he has been posting daily. His recent tweet coincided with the recovery of the world's leading digital currency from the long-awaited $71,000 price level.
However, in a previous tweet, Saylor made a Bitcoin-related prediction about the future of money.
Michael Saylor Statement as Bitcoin Price Rises
In a recent tweet, Saylor posted an AI-generated photo of a bee inside a hive with a Bitcoin pet inside. “Join the swarm,” the tweet invites, referring to the rapidly growing global community of BTC believers and holders.
However, his tweet above contains a prediction of the future form of money. Saylor tweeted that he hopes the future of money is digital and concluded the tweet with a Bitcoin hashtag.
Bitcoin broke through the $71,240 level yesterday and regained it again today after a small rally, as market participants await possible interest rate cuts by the US Federal Reserve as early as November. The increase in the price of Bitcoin from Tuesday to today was 3.71%. The drop since then has been almost 0.9%, with Bitcoin changing hands at $70,680.
Apart from that, on Tuesday, Bitcoin spot ETFs recorded massive inflows by absorbing a whopping $887 million worth of BTC. BlackRock's IBIT raised $274 million, while Ark Invest increased its BTC holdings by $139 million. This turned out to be the second largest daily inflow since the SEC's approval of the Bitcoin ETF in mid-January.
Bitcoin Will Outperform Gold Three Times, Max Keizer Expects
In a recent tweet, leading Bitcoin supporter Max Keizer shared a view on the future rise of Bitcoin price. Citing a tweet from user “Bitcoin Archive,” Keizer said that he expects Bitcoin to surpass gold in terms of market cap value by at least 2x, but maybe even 3x.
This prediction was based on a recent statement that VanEck CEO Jan van Eck made during his talk with cryptocurrency trader and podcaster Scott Melker. Van Eck believes that Bitcoin's market capitalization will be worth at least half of gold's market capitalization.
The market capitalization of gold currently comprises approximately $15.9 trillion, and the market capitalization of Bitcoin is $1.4 trillion, which is approximately 10 times smaller at the moment.
This article was originally published on U.Today.
