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MicroStrategy’s Michael Saylor Releases Statement on Bitcoin “Satoshi”: U.Today Details
U.Today – Michael Saylor, president of MicroStrategy and a prominent proponent of , recently made a compelling statement about Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
In a tweet, Saylor invoked the spirit of Satoshi, declaring that “Satoshi started a fire in cyberspace.”
Speaking metaphorically, Saylor describes Satoshi’s creation of Bitcoin as starting a “fire in cyberspace,” highlighting the revolutionary impact of this digital asset on the world.
Satoshi Nakamoto, whose true identity remains a mystery, published the Bitcoin whitepaper in 2008 and mined the first block of the Bitcoin blockchain in 2009.
Satoshi’s vision was to create a decentralized, peer-to-peer electronic cash system that operates independently of central authorities. This vision has since evolved into a global phenomenon, with Bitcoin leading the cryptocurrency revolution.
The “fire” Saylor refers to could signify the spark of innovation that has sparked a global movement toward decentralized finance. Satoshi’s creation of Bitcoin has undoubtedly ignited a transformative force in the digital world, reshaping the way we think about money, value, and decentralization.
Bitcoin Price Action
Over the past week, Bitcoin has risen as much as 2.5% of the all-time high of $73,798 set in mid-March, fueled by growing demand for exchange-traded funds (ETFs). At the time of writing, Bitcoin is trading at $69,711, up nearly 161% year-over-year.
This year’s boom accelerated after the Securities and Exchange Commission allowed ETFs that invest directly in Bitcoin in January. In May, the regulator took a step toward allowing comparable spot ETFs.
As Bitcoin evaluates its next price movement, Ali, a crypto analyst, noted that it is anchored in a strong support zone between $69,380 and $67,350. This is where 1.97 million addresses acquired 964,000 BTC and maintaining this level could be crucial for BTC to sustain its upward momentum.
On a bullish note, Ali reported that approximately 22,647 BTC, worth over $1.57 billion, were recently withdrawn from cryptocurrency exchanges.