U.Today – Michael Saylor, a prominent public defender and co-founder of business intelligence firm MicroStrategy, has taken to social media platform X (widely known in the past as Twitter) to make an optimistic statement about the price of Bitcoin.
This happened as the world's largest digital currency continues to try to break above the recently regained and then again lost price mark of $65,000.
Saylor's message about the “Bitcoin moon”
Michael Saylor greeted his army of 3.5 million followers on X with a post containing a picture of a spacesuit and a picture of Bitcoin on the front of the helmet. “#Bitcoin to the Moon,” Saylor’s tweet reads.
Michael Saylor is a long-time Bitcoin investor and supporter. Since August 2020, his company MicroStrategy has been making regular acquisitions of the digital gold, and Saylor constantly promotes BTC on various podcasts and interviews with major TV channels and traditional media outlets. MicroStrategy currently holds 226,331 Bitcoin, which is equivalent to a whopping $7.538 billion.
This year, in March and June, the company offered convertible senior notes to investors to acquire more bitcoins through these debt offerings. In June, MicroStrategy 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 best performing asset.”
Bitcoin recovers after a recent deep drop
Bitcoin is trying its best to reclaim the $66,000 level, which it briefly surpassed earlier today. A 5.11% growth took BTC there over the past 24 hours, but a 1.54% drop followed, pushing the largest cryptocurrency back to the current $64,900 zone.
The last time the current Bitcoin price level was seen was about a month ago on June 20. After that, a series of major sell-offs and large BTC movements caused the BTC price to fall even further. In the past few weeks, the German government has sold approximately 50,000 BTC worth $3,240,020,000.
Mt. Gox recently began sending billions of dollars worth of bitcoins, first to new wallets and then, earlier this week, to cryptocurrency exchanges. This was in preparation for compensation payments in BTC and BCH to its creditors, who have been waiting since 2014 to recover their cryptocurrencies lost in a major cyber attack.
This article was originally published on U.Today
