Yuri Molchan
Vocal Bitcoin evangelist Michael Saylor has presented a mysterious BTC statement to the global community
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The MicroStrategy giant's founder and former CEO, who now leads its BTC investment strategy, Michael Saylor, used his Twitter/X account to introduce the crypto community to his new post dedicated to Bitcoin.
The Bitcoin community reacts to Saylor's post
Michael Saylor's tweet again contained a short line and an image generated by an AI-powered app. “What is seen cannot be unseen. #Bitcoin,” he tweeted. The image shows an eye on the face of a cyberpunk-style android with a BTC mark on that eye.
The Bitcoin community was eager to respond with various tweets – from supporting Saylor to expressing admiration for Bitcoin and its mysterious backer Satoshi Nakamoto to criticizing the sky-high BTC fees on transactions.
As always, Michael Saylor did not respond to any of the comments on his post.
MicroStrategy beats Bitcoin, Saylor explains how
In a tweet posted on Sunday, Saylor shared a graph showing how MicroStrategy made profits by using its Bitcoin strategy. Accordingly, shares of MicroStrategy (MSTR) have risen an incredible 1,097% since August 2020, when the company first began regularly purchasing the flagship cryptocurrency in the thousands.
Compared to MSTR, Bitcoin saw a much smaller but still impressive increase of 463%, while its physical rival gold only gained 16% and silver fell 1%. The S&P 500 index, which BTC is often correlated with, is up 52% and the Nasdaq is up 47%. According to the chart, bonds have fallen 21% since 2020.
There are still days until the halving
In four days, the highly anticipated Bitcoin halving will take place, where miners' rewards will be halved, this time leaving them with 3,125 BTC per newly minted block until another halving occurs.
The fundamental event is scheduled to take place in four days. The cryptocurrency community expects the Bitcoin price to skyrocket after the halving. However, there are still no more or less forecasts with a fixed date.
The trick to mining is that it increases Bitcoin's scarcity as the amount of coins being injected into the circulating supply each day continues to decrease. So far this number is 900 BTC, but after the halving 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 change the world in many aspects of the future. He has written for several crypto media outlets. His articles have been quoted by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
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