Michael Saylor Goes Full McDonald's in Epic Bitcoin Push
09/04/2024 22:59Michael Saylor's latest Bitcoin promo features him as fast-food worker, while MicroStrategy continues its massive BTC purchases
Michael Saylor's latest Bitcoin promo features him as fast-food worker, while MicroStrategy continues its massive BTC purchases
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There are Bitcoin bulls, and then there is Michael Saylor. The head of MicroStrategy, known for his radically bullish views on the first cryptocurrency, broke another post on social media.
As always, this post was aimed at promoting Bitcoin, and in particular depicted Saylor in the form of a fast-food restaurant worker with BTC logos. "We are all on Team Bitcoin," Saylor says, looking out of the picture with artificially intelligent eyes.
Such Bitcoin-themed promotional posters by Saylor have long been part of the crypto community's culture and a meme of sorts. As you can see, the entrepreneur himself is not going to stop, finding new themes and inspirations for posts every time.
What you cannot take away from Saylor is that his similar posts are backed by actual actions, as MicroStrategy is already one of the largest holders of Bitcoin, with 226,500 BTC worth $12.78 billion.
This is definitely not the end of the tech company's purchases, and with September coming up, we can expect another MicroStrategy purchase announcement in the very near future.
Team issues
While Saylor convinces everyone that we are all on the same Bitcoin team, the major cryptocurrency seems to be watching, as those who do not consider themselves part of the team jump ship.
Thus, the price of BTC fell to $56,400 amid active selling caused by disappointing macro expectations and the fall of the stock market.
Whether a post from Michael Saylor will help change the minds of sellers to sell Bitcoin and pull them back to the orange team remains to be seen.
About the author
Gamza Khanzadaev
Financial analyst, trader and crypto enthusiast.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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