CandleFocus MicroStrategy's Saylor Issues Special Bitcoin Tweet as BTC Falls Below $67,000
2024-10-22
Author: Content Editor
MicroStrategy founder and Bitcoin evangelist Michael Saylor tweeted about spreading Bitcoin with love as the cryptocurrency's price dropped below $67,000. Saylor's company holds 252,220 Bitcoins worth around $9.91 billion and he suggested that another company would not be able to catch up if they started buying BTC with a smaller capitalization. Crypto analyst Michael Van de Poppe pointed to increasing whale activity as a positive sign for Bitcoin but a negative sign for the global economy. He expects Bitcoin to reach $500,000 or even $600,000 per coin in the future. The size of the U.S. national debt reaching $35.77 trillion is seen as another reason why Bitcoin will continue to rise in value.
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