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Michael Saylor Makes Epic Bitcoin Call Amid Market Calm: Details from U.Today
U.Today – Michael Saylor, president and co-founder of MicroStrategy, issued an epic plea to the crypto community: “Learn to think in .” Saylor’s message comes at a time when the cryptocurrency market is experiencing a lull, with Bitcoin and many major assets showing little to no movement.
Bitcoin fell to its lowest price in nearly a month on Friday, hitting lows of $65,005 before rebounding slightly. According to data from CoinMarketCap, the price of Bitcoin is currently at $66,571, up 0.40% on the day, while the current market performance remains mixed, with a handful of cryptocurrencies posting losses over the period. of 24 hours.
Because the market is relatively calm, some, including Saylor, see this as a time for introspection and strategic thinking, hence the call to “learn to think in Bitcoin.”
Saylor began buying Bitcoin in 2020 as a hedge against inflation and as an alternative to holding cash. Saylor’s company, MicroStrategy, has amassed approximately $12.7 billion in Bitcoin, or more than 1% of all Bitcoin ever created. The largest cryptocurrency by market cap is up more than 600% since Saylor started buying.
Bitcoin is up about 60% this year, thanks in part to optimism about U.S. Bitcoin spot ETFs approved in January. MicroStrategy shares gained about 135% over the same period.
Last week MicroStrategy increased its convertible bond offering by 40% to $700 million, announcing plans to use the funds to buy more Bitcoin.
While the context of Saylor’s tweet remains subject to interpretation, the call to “learn to think in Bitcoin” may be a reminder to look at the bigger picture, beyond short-term market volatility.
On the other hand, Saylor’s message could be a call to embrace the financial paradigm ushered in by cryptocurrencies, heralding a fundamental shift in how value and wealth are perceived.