Michael Saylor Reacts as Bitcoin Strives to Break Out

Michael Saylor Reacts as Bitcoin Strives to Break Out

Saylor tweeted: “Be Different,” using the Bitcoin symbol for the letter “B.”

Michael Saylor remains a strong believer in Bitcoin and, like many other vocal BTC bulls, expects the biggest cryptocurrency to reach the whopping $1 million level in the near future.

Since Monday, Bitcoin staged a small increase of almost 1.5%, reaching the $63,500 price tag. However, this short-lived rise was followed by a 1.67% drop. Now, Bitcoin is making another attempt to recover and is trading at $62,850 per coin.

Martinez also revealed that over the past two days, Bitcoin miners have dumped another massive BTC amount, selling 2,300 BTC worth $145 million.

Many market players continue to sell Bitcoin, keeping it at the current price level and preventing it from recovering its old highs so far. Among them are large entities, such as the German and U.S. governments, which have been selling both large Bitcoin and Ethereum stashes lately.

This article was originally published on U.Today

To read the full article, Click Here

Related posts