Bitcoin
Michael Saylor Reveals Crucial Bitcoin Statement as Price Rebounds – TradingView News
From today until Sunday afternoon, the price of Bitcoin BitcoinUSD is trading in slightly negative territory at $63,700. However, during the last week, we can say that the price of the main cryptocurrency grew by almost 1%.
Digging deeper into the BTC price chart, we can see that from the week’s lows of $56,552 to highs of $64,734, Bitcoin rose 14.3%. That’s a pretty solid result for an asset whose capitalization exceeds $1.25 trillion. BTC to USD by CoinMarketCap
Amid these market movements, Michael Saylor, a prominent cryptocurrency advocate, made a significant statement titled “Bitcoin Emerges.” The statement, characteristic of Saylor’s consistent support for the cryptocurrency, signals a notable moment in Bitcoin’s ongoing narrative.
MicroStrategy Macrosteps
In addition to Saylor’s announcement, MicroStrategy, the company he leads, introduced a new development known as MicroStrategy Orange earlier this week. This open-source decentralized identity protocol utilizes Bitcoin’s Segregated Witness capabilities, enabling efficient storage of DID-related data with minimal size and content restrictions.
“As these other crypto assets fail…, these crypto users will migrate to another crypto network: Bitcoin. Bitcoin will exist long term. It will exist long after the other brands fail.”
-@saylor #Bitcoin #BitcoinforCorporations — MicroStrategy (@MicroStrategy) May 2, 2024
Regarding MicroStrategy’s Bitcoin holdings, the company revealed impressive numbers in its latest earnings report. With 214,400 BTC valued at over $7.5 billion, the company continues to assert its position as a major BTC holder.
Notably, the company increased its holdings by acquiring an additional 122 BTC for $7.8 million in April, further strengthening its cryptocurrency reserves. Despite a 5% year-over-year decline in revenue totaling $115 million, MicroStrategy remains focused on its Bitcoin-focused approach.