It’s been just revealed that MicroStrategy has the highest correlation with Bitcoin. Michael Saylor’s company is supporting and accumulating Bitcoin for quite a while now.
Saylor became a BTC maximalist and just the other day, he was sending people an important message.
Check out Michael Saylor’s tweet.
— Michael Saylor (@michael_saylor) May 19, 2021
Someone said: “I don’t know what to say ! Thanks you for stopping this panic sales. Thanks your for understanding #btc we are decentralized #bitcoin family are holding with you ! You are the legend !”
Another follower said: “Imagine how much conviction a man must have to do this. Saylor sure did his research on #Bitcoin which allows him to recognise that it is the culmination of humanity’s 7000-year quest to perfect the representation of value by democratizing its creation and distribution.”
Here’s a graph involving MicroStrategy:
— unfolded. (@cryptounfolded) May 20, 2021
Bitcoin was affected by market manipulation
CoinGecko indicates Bitcoin has tumbled, likely due to Musk’s announcement last week that Tesla will no longer accept Bitcoin for purchases, citing concerns over BTC’s energy use.
Musk continued to fuel uncertainty in the markets this week with contradictory remarks on Twitter regarding whether or not the company plans to sell its BTC holdings.
BTC’s dip is a normal correction
Davis told his YouTube subscribers to look back to the 2017 bull run as evidence that Bitcoin can weather numerous pullbacks. The analyst noted that the bull run saw four different corrections in the 30-45% range.
He continued and said that the “current bull run is just getting started,” predicting that prices will move a lot higher for the rest of 2021.
Stay tuned for more news.