{"id":78995,"date":"2024-05-18T13:49:45","date_gmt":"2024-05-18T17:49:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=78995"},"modified":"2024-05-18T13:50:13","modified_gmt":"2024-05-18T17:50:13","slug":"michael-saylor-gives-btc-bullish-tip-as-price-surge-past-67k","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/michael-saylor-gives-btc-bullish-tip-as-price-surge-past-67k\/","title":{"rendered":"Michael Saylor Gives BTC Bullish Tip As Price Surge Past\u00a0$67K"},"content":{"rendered":"\n

MicroStrategy Chairman Michael Saylor<\/a> delivered a significant\u00a0Bitcoin statement, advising investors to bet on the coin.<\/p>\n\n\n\n

\"Michael<\/figure>\n\n\n\n

Bitcoin (BTC) experienced a recent surge in value that propelled it past the $67,000 threshold after a fortnight during which it threatened to fall below $60,000. <\/p>\n\n\n\n

The enduring nature of the market may have incited Michael Saylor, the founder of MicroStrategy, to reaffirm his optimistic position regarding the cryptocurrency asset.<\/p>\n\n\n\n

Saylor Tells Investors to Bet on Bitcoin <\/h2>\n\n\n\n

Saylor uploaded a photo of two illuminated Bitcoin logo-engraved dice\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to the X application.<\/p>\n\n\n\n

He added the caption “Bet on Bitcoin” to the image. Unfazed by the coin's price fluctuations, Saylor guided MicroStrategy to amass a substantial Bitcoin holding for nearly four years. <\/p>\n\n\n\n

The enormous profits generated by his business intelligence and software firm as a result of implementing a Bitcoin strategy are comparable. <\/p>\n\n\n\n

However, this takes the price of Bitcoin at the moment of purchase and the current price into account.<\/p>\n\n\n\n

Saylor may have been urging investors to invest in Bitcoin (BTC) or adopt a strategy comparable to that of his firm with his recent remark on X.<\/p>\n\n\n\n

As a result of MicroStrategy's adoption of the Bitcoin strategy, his continued support for the flagship cryptocurrency is contingent on either increased user activity or immense profits. <\/p>\n\n\n\n

Saylor generated $400 million <\/a>in revenue from daily pre-scheduled sales of the enterprise software company's shares last month.<\/p>\n\n\n\n

The magnitude of Bitcoin that MicroStrategy maintains substantially reflects his bullish position. <\/p>\n\n\n\n

In April, Coingape acquired 122 Bitcoin for $7.8 million, bringing the company's total Bitcoin holdings to 214,000 Bitcoin. <\/p>\n\n\n\n

Despite its substantial holding, the firm has refrained from making any statements regarding\u00a0the selling\u00a0of the Bitcoin.<\/p>\n\n\n\n

MicroStrategy Founder Pushes BTC Over Other Cryptos <\/h2>\n\n\n\n

Saylor recently expanded upon his support for Bitcoin <\/a>by designating Ethereum as a security asset, thereby corroborating Gary Gensler's inflexible classification of the cryptocurrency.<\/p>\n\n\n\n

He remarked on Ethereum on May 2, 2024, during his presentation at the MicroStrategy World 2024 conference.  <\/p>\n\n\n\n

By criticizing the probability of receiving authorization from the United States Securities and Exchange Commission (SEC) for a spot Ethereum ETF offering, the founder of MicroStrategy implied Bitcoin's superiority.<\/p>\n\n\n\n

Further down the hierarchy, he predicted that SOL, XRP, and ADA, among other crypto assets, would be categorized as unregistered securities. <\/p>\n\n\n\n

Although he received criticism from numerous market observers and experts for this audacious declaration, the legendary trader Peter Brandt supported him.<\/p>\n\n\n\n

Brandt said, “This is a one-horse race,” alluding obliquely to a previous video in which Saylor had argued for the superiority of Bitcoin. <\/p>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy Chairman Michael Saylor delivered a significant\u00a0Bitcoin statement, advising investors to bet on the coin. Bitcoin (BTC) experienced a recent surge in value that propelled it past the $67,000 threshold after a fortnight during which it threatened to fall below $60,000.  The enduring nature of the market may have incited Michael Saylor, the founder of […]<\/p>\n","protected":false},"author":56,"featured_media":78997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,83],"tags":[152,1876],"class_list":["post-78995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-bitcoin-news","tag-bitcoin","tag-michael-saylor"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/Michael-Saylor-Gives-BTC-Bullish-Tip-As-Price-Surge-Past-67K.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/78995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=78995"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/78995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/78997"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=78995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=78995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=78995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}