Michael Saylor Reacts As Bitcoin Recovery Begins
07/15/2024 21:02Bitcoin evangelist Saylor published a bullish message as BTC reversed and began to rise after the recent bloodbath that took it below $60,000
Bitcoin evangelist Saylor published a bullish message as BTC reversed and began to rise after the recent bloodbath that took it below $60,000
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
“The chief Bitcoin influencer” Michael Saylor, who is also a co-founder and the executive chairman of MicroStrategy business intelligence giant, has taken to his account on the X platform (widely famous as Twitter in the past) to react to the Bitcoin price increase that started on Sunday and has allowed the world’s leading cryptocurrency to regain the $63,000 level briefly.
Saylor has once again published one his Bitcoin-motivational posts that he shares with the BTC community every day (several of them) on X, except Sunday.
Saylor reacts to Bitcoin price surge
Michael Saylor published an image depicting an aircraft side with an open door and steps welcoming passengers (not visible on the picture) on board. The black airplane looks stylish with golden letters on its side that say “Bitcoin.”
“Do not miss the flight. #Bitcoin,” the post says, inviting investors to jump on the Bitcoin bandwagon, while the price is still affordable, it seems.
Over the last 24 hours, Bitcoin has reversed and began to ascend, adding roughly 5% and jumping to the $63,000 level. However, a small rebound later took BTC a little down. But currently it is still striving to surpass the $63,000 price mark.
Over the weekend in total, Bitcoin has recovered by 8.58%, rising from $57,955. Earlier today, another Bitcoiner, Jan3 CEO Samson Mow, tweeted that he expects BTC to never again return under the $60,000 level as Bitcoin, according to his earlier tweets published this year, intends to reach $1 million next year. But if not, he added, it will still happen very soon.
"The crypto market about to turn": Lark Davis
Popular crypto YouTuber Lark Davis published a tweet, where he stated that he expects the cryptocurrency market to turn and go up soon. He shared several key reasons to back that statement of his.
Among those major reasons was the end of the massive German Bitcoin sales (50,000 BTC were sold in total), then the FUD regarding Mt Gox Bitcoin payouts is over, he believes. Aside from that, Davis mentioned the fact that the spot Bitcoin ETFs are again experiencing large inflows – last week a total inflow reached $1 billion. He also added that spot Ethereum ETFs could be launched any day now.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox