MicroStrategy and CEO Michael Saylor have been boosting Bitcoin for quite a while now. Regardless of the king coin’s volatility, he’s been one of the digital asset’s biggest supporters out there.
He has been promoting Bitcoin accumulation and adoption regardless of the coin’s price and market massive volatility.
Check out one of his recent tweets below.
The #Bitcoin security network will decentralize, reorganize, upgrade, & revitalize over the next 12-24 months as a result of the China Exodus. Progressive miners, energy producers, & political jurisdictions will take advantage of this opportunity.https://t.co/oi6N6YOZvg
— Michael Saylor (@michael_saylor) July 7, 2021
Saylor is quoting Reuters press agency which reveals that “Large bitcoin miners fleeing China to escape a state crackdown will take many months to start operating again, as data centres from Texas to Siberia scramble to secure space and power for them, while many smaller players may struggle to move at all.”
The press agency wrote an entire piece on the issue, and we suggest that you check it out in order to learn all the available details. Here’s the complete analysis.
Regarding Bitcoin’s price, at the moment of writing this article, BTC is trading in the red, and the king coin is priced at $32,517.60.
Bitcoin bullish predictions are out
There have been all kinds of bullish predictions about the king coin’s price these days, regardless of the market’s strong fluctuations.
Earlier today, we revealed that there’s a new prediction coming from an important crypto strategist and trader who said that there would be a parabolic rise in Bitcoin’s value.
The Daily Hodl mentions Jack Sparrow, who is an important crypto analyst, and he accurately predicted BTC’s rise to $19k in 2020.
He said that he believes Bitcoin can ascent to $380,000.
“If this BTC cycle ends up with similar returns in a similar amount of time as the previous cycle, this is literally what the chart could look like. Perspective matters. People recently calling me a perma bear but all I’m really doing is waiting to position for this possibility.”