A new week begins for digital assets. Although the price is down, bitcoin was talked about over the weekend. Once again, Michael Saylor is promoting cryptos. So is this a way to maintain support for the leading cryptocurrency ?
Bitcoin (BTC), the unbeatable crypto?
Digital assets are unique in that they manage to capture the attention of everyone, from supporters to detractors. Indeed, the fact that they have generated contrary opinions pushes each camp to monitor them closely. However, while others are hoping for an astronomical downfall, others believe they will take control of the global economy.
In the last category, we find the largest investors, notably Michael Saylor. The president of Microstrategy remained convinced of the recovery of bitcoin and continues to promote it. The CEO recently made a Tweeter in which it is once again worth the BTC. According to him, only bitcoin makes it possible to make a transaction of 200,000 dollars on a Sunday for only 0.04 cents.
Despite the bearish trend and inflation, hodlers maintain their faith in the major cryptocurrency. They are confident that it will soon regain its value and exceed all expectations. Currently bitcoin is trading at $23,273 and is down 0.21%. However, the price is noticeably above the levels seen since the start of the crypto winter.
Michael Saylor and BTC: Quite a story!
Bitcoin has fallen over 60% since the market meltdown began. However, many people continue their transactions regardless. Although several investors lost confidence, others like Changpeng Zhao and Michael Saylor remained confident.
The price of BTC is gradually recovering. However, the instability of the sector may again surprise investors. Over the past few months, bitcoin has often made short-lived rallies. Despite the bad weather, Michael Saylor held on.
Although his company Microstrategy took a hit during this time, Saylor continued to advocate for bitcoin. In his creation, he also questioned the ethical soundness of Ethereum, bitcoin’s main competitor in terms of market capitalization.
According to him, the security of the protocol and the technical reliability create doubts among investors. As a result, bitcoin still has a head start on its rival since there is a strong chance that BTC will become the world’s money.
The relationship between Michael Saylor and bitcoin grows stronger every day. Although the course of the main cryptocurrency is not yet in good shape, the president of Microstrategy continues to believe in his supremacy. The current rise is rather a good sign for investors. Although of course, the decline did not really prevent transactions.
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The world is changing and adaptation is the best weapon to survive in this undulating universe. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. In order to share my experience and make known a field that fascinates me, nothing better than writing informative and relaxed articles at the same time.