{"id":4854,"date":"2024-10-23T02:05:35","date_gmt":"2024-10-23T02:05:35","guid":{"rendered":"https:\/\/cryptoopia.com\/cryptocurrency\/4854.html"},"modified":"2024-10-23T02:05:35","modified_gmt":"2024-10-23T02:05:35","slug":"microstrategys-saylor-issues-special-bitcoin-tweet-as-btc-falls-below-67000","status":"publish","type":"post","link":"https:\/\/cryptoopia.com\/cryptocurrency\/4854.html","title":{"rendered":"MicroStrategy's Saylor Issues Special Bitcoin Tweet as BTC Falls Below $67,000"},"content":{"rendered":"

U.Today – Michael Saylor, founder and executive chairman of MicroStrategy behemoth, has published a \u201cspecial\u201d tweet about Bitcoin<\/span>. This coincided with the world\u2019s flagship cryptocurrency plummeting below the $67,000 price level.<\/p>\n

In his tweet, MicroStrategy\u2019s Saylor suggested that users should begin to \u201cspread Bitcoin with love.\u201d<\/p>\n

Michael Saylor is a vocal Bitcoin evangelist. His long-running company, MicroStrategy, began to regularly buy BTC in August 2020, developing a new strategy based on Bitcoin. Currently, it holds 252,220 Bitcoins evaluated at approximately $9.91 billion.<\/p>\n

Over the weekend, Saylor took part in a podcast, where he made several Bitcoin statements, some of which triggered the Bitcoin community. He also said that if another company decides to follow their playbook and start buying BTC, having a capitalization of only one billion, it would never be able to catch up with MicroStrategy, which can put up exponential growth with its BTC holdings.<\/p>\n<\/p>\n

Bitcoin to run to $300K-$500K, top analyst says<\/h2>\n

Cryptocurrency analyst Michael Van de Poppe has shared a Bitcoin chart by CryptoQuant, which shows Bitcoin whale activity versus the BTC price over the last few days. Poppe pointed out that in a zoomed out perspective, the world\u2019s largest crypto is ranging around its recent all-time highs.<\/p>\n

While this is happening, crypto whales are increasing their activity, and they have been buying more BTC. This is a \u201cgreat sign\u201d for Bitcoin, he believes, but \u201ca terrible sign for the global economy.\u201d The analyst expects that Bitcoin can run as high as $500,000 or even $600,000 per coin in the future.<\/p>\n

In the meantime, Bitcoiner and venture investor Anthony Pompliano shared that the size of the U.S. national debt has increased to a staggering $35,770,000,000,000. In another tweet, he added that the first $12 trillion of this debt appeared after 221 years of U.S. history. Over just the last five years, another $12 trillion were added to it, leading the debt to the huge present figure.<\/p>\n

The fast-growing national debt is cited by many prominent Bitcoin supporters as another reason that ensures Bitcoin will soar well above the $100,000 level in the future. Many of them name the $1 million target that they expect to reach before 2030 arrives. At the time of this writing, Bitcoin is changing hands at $66,923.<\/p>\n

This article was originally published on U.Today<\/p>\n","protected":false},"excerpt":{"rendered":"

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