MicroStrategy’s Michael Saylor has been supporting Bitcoin adoption since last year like there’s no tomorrow. His firm is buying BTC like crazy, and this will definitely prompt others to do the same.
Elon Musk has been doing the same thing, boosting Bitcoin’s popularity and adoption as well.
Bitcoin is the most stable monetary body in our economic universe
Now, Saylor had something interesting to say about the king coin. Check out the post that he shared on his IG account.
#Bitcoin is an orange star burning with a trillion dollars of energy in cyberspace, making it the most stable monetary body in our economic universe.
— Michael Saylor (@michael_saylor) March 24, 2021
Someone commented: “Jfc.. this guy is not going to allow us to let us go poor ever.. he will make moonshot bitcoin to 5,000,000 each.”
Saylor also addresses shareholder value creation
Check out another tweet that Saylor posted:
Shareholder value creation comes from holding an appreciating asset $BTC over a long period of time. It is logical for every firm (both public & private) in the #Bitcoin industry to do the same thing Tesla is doing. Corporate treasuries should #hodl bitcoin. https://t.co/83MC6KiItB
— Michael Saylor (@michael_saylor) March 24, 2021
Bitcoin holders are buying the dip
Just the other day, we revealed that BTC holders are buying the dip.
Data expert Willy Woo said that long-term Bitcoin holders are currently accumulating BTC these days. On Twitter, he posted that BTC holders who have little history of selling are scooping up the king coin even as it continues to consolidate.
“Anyone selling right now is cray cray. Seriously strong long-term holders are buying this dip.”
He also said: “1st chart is coins being scooped off exchanges (it’s mainly Coinbase, meaning a US entity, and at the scale of the withdrawal it’s likely an institutional yet to be announced buyer).”
