Saylor published an AI-generated picture of himself sitting in front of a laptop with a “B”, meaning Bitcoin on it and a Christmas tree in the background. “Take a Holiday ₿reak,” MicroStrategy’s Bitcoin boss tweeted to his X followers.
As of now, as a result of the big Bitcoin price drawdown, the cryptocurrency’s market capitalization has lost roughly $2 trillion in value.
Still, even if this potential drop does happen indeed, Ju tweeted, it would be short-lived and Bitcoin would quickly regain more than 30% after the fall.
Ju tweeted that this year, many financial institutions and whales have been purchasing large amounts of Bitcoin by means of privacy transactions. Approximately 1.55 million Bitcoin has been bought this year in regular purchases, though – by spot Bitcoin ETFs and MicroStrategy.
Still, the CryptoQuant founder pointed out that $7 billion enters the market every week, therefore whales have been buying a lot. However, he admitted that CryptoQuant has been unable to identify whales who have bought between 240,000 and 420,000 Bitcoins this year using privacy transactions.
This article was originally published on U.Today
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