Bitcoin continues to make headlines despite the volatility that’s been surrounding the king coin.
After the other day when the king coin traded below the important level of $30k, now it’s above it once again, after it bounced back to $30,816.04 at the moment of writing this article.
The bullish predictions about the coin’s price continue, and one of the most important supporters of the coin, MicroStrategy’s Michael Saylor, is one of the people who keep boosting BTC no matter what.
Check out his latest tweet below.
#Bitcoin fundamentals have never looked better.
— Michael Saylor (@michael_saylor) July 20, 2021
He continued a thread and explained what he meant for the BTC haters in the comments.
“Fundamentals include Monetary Energy stored, FinTech Layer 2 platforms & Layer 3 applications, breadth of institutional & individual investors, power of miner network, nodal diversity, brand strength, cultural, political & legal support, regulatory clarity, macro-outlook, etc.”
People were receptive to his message, but there were also some sceptic comments. Check out one of them below.
“You may have all the fundamentals lined up, if the market doesn’t want it, it won’t flourish. Countless projects had it all right, but didn’t move forward. And, in my opinion, the institutional investors are the problem, as always. Centralizing it.”
Make sure to check out the complete thread in order to see more comments.
The best time to invest in BTC
Check out an interesting opinion that’s been shared on Twitter these days.
Many of you are going to look back at this period and kick yourself for not buying bitcoin more aggressively.
Considering potential risks (relatively low) and opportunity (still extremely high), this may be one of the best periods in history to buy bitcoin.
— Dr Bitcoin MD (@DrBitcoinMD) July 19, 2021
Investors have been buying the BTC dip these days regardless of the volatility.