Yuri Molchan
Vocal Bitcoin Evangelist Michael Saylor Released Mysterious BTC Statement to the Global Community
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The founder and former CEO of the giant MicroStrategy, who now leads its BTC investment strategy, Michael Saylor, took advantage of his account on Twitter/X to face the crypto community with his new message dedicated to Bitcoin.
Bitcoin community reacts to Saylor’s message
Michael Saylor’s tweet once again contained a short line and an image generated by an AI-based application. “What was seen cannot be unseen. #Bitcoin,” he tweeted. The image shows an eye on the face of an android drawn in a cyberpunk style with a BTC sign on that eye.
The Bitcoin community was eager to respond with various tweets – from supporting Saylor and expressing admiration for Bitcoin and its mysterious supporter Satoshi Nakamoto to criticizing the extremely high BTC fees for transactions.
As always, Michael Saylor did not respond to any of the comments under his post.
MicroStrategy Beats Bitcoin, Saylor Explains How
In a tweet posted Sunday, Saylor shared a graphic showing how MicroStrategy made a profit to use his Bitcoin strategy. According to him, shares of MicroStrategy (MSTR) have skyrocketed 1,097% since August 2020, when the company first began regularly purchasing the flagship cryptocurrency by the thousands.
Compared to the MSTR, Bitcoin saw a much smaller but still impressive increase of 463%, while its physical rival gold only added 16% and silver fell 1%. The S&P 500 Index, with which BTC is often correlated, gained 52% and the Nasdaq rose 47%. Bonds, according to the chart, have plunged 21% since 2020.
Just a few more days before halving
In four days, the much-anticipated Bitcoin halving will take place, cutting miners’ rewards in half and this time leaving them with 3,125 BTC for each newly created block until another halving event occurs.
The fundamental event must occur in four days. The cryptocurrency community expects Bitcoin price to skyrocket after the halving. However, no fixed date forecast has yet been made.
The trick to mining is that it increases the scarcity of Bitcoin because it continues to decrease the amount of coins injected into the circulating supply daily. So far this figure stands at 900 BTC, but after being halved it will be reduced to 450 BTC minted per day.
About the Author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects. He has written for several crypto media outlets. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.