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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

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    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

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    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

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    Dogecoin Got Game, FIFA Rivals Launches

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    7 Games That Prove Indie Studios Are Outshining AAA Publishers in 2025

    Why are big games building on Avalanche instead of Ethereum?

    Why are big games building on Avalanche instead of Ethereum?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Guides
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    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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MicroStrategy’s Michael Saylor on Bitcoin: ‘Unlock your future’

August 13, 2024
in Bitcoin
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MicroStrategy’s Michael Saylor on Bitcoin: ‘Unlock your future’
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  • Saylor remains bullish on Bitcoin, citing its volatility as a valuable feature.
  • MicroStrategy holds 226,500 BTC, reflecting strong corporate commitment despite market skepticism.

After dipping into oversold territory earlier in August, Bitcoin [BTC] has made a strong comeback, nearing the significant $60K mark.

According to the latest update from CoinMarketCap, the leading cryptocurrency was trading at $59,280, reflecting a 1.35% increase over the last 24 hours.

Saylor on Bitcoin

This renewed bullish momentum has been welcomed by long-time BTC advocates, including MicroStrategy’s Co-founder and Chairman, Michael Saylor, who took to X and noted,  

“Unlock your future. #Bitcoin.” 

Saylor’s remarks were well-received, notably by Joel Valenzuela, the Director of Marketing and Business Development at Dash, who echoed the sentiment and said, 

“The future of custodial money.” 

Saylor appreciated Bitcoin’s volatility

That being said, Saylor recently emphasized that BTC’s volatility should not be viewed as a drawback but rather as an inherent feature of digital assets.

He highlighted that this volatility is part and parcel of what makes Bitcoin unique and valuable in the long term.

“Bitcoin’s volatility is a feature, not a bug.” 

Additionally, in a recent interview with Bloomberg, Saylor disclosed that he personally holds 17,732 BTC and stressed that he hasn’t parted with a single one of these digital assets.

“I continue to acquire more. I think it’s a great capital investment asset for an individual, family, institutional corporation or country. I can’t see a better place to put my money.”

Microstrategy’s BTC holdings revealed

Beyond Saylor’s personal BTC holdings, MicroStrategy, the company he leads, has also made a significant mark in the crypto space.

See also  Bitcoin mining status - No more selling? Here's what that means and doesn't mean

As of the end of July, MicroStrategy has accumulated an impressive 226,500 BTC, making it the largest public corporate holder of Bitcoin.

With current market conditions, this massive reserve is valued at approximately $12.7 billion, underscoring the company’s deep commitment to the digital asset. 

Expanding on the same, Saylor in his 11th August X post noted, 

Saylor On BTC_MSTR

Source: Michael Saylor/X

Peter Schiff disregards Bitcoin’s worth

However, not everyone shares Saylor’s enthusiasm for BTC. Peter Schiff, a well-known financial expert, remains skeptical about Bitcoin’s value.

In a recent YouTube discussion, Schiff openly questioned whether BTC holds any real worth and said, 

“I’m open-minded but I’m also smart and honest.”

He emphasized that despite numerous efforts by Bitcoin enthusiasts, he has yet to hear a compelling argument that convinces him to embrace the cryptocurrency. 

What’s ahead for BTC?

On top of that, with the RSI still below the neutral level, it’s uncertain whether BTC will break past the $60K mark or continue to face resistance before a potential bull run.

However, the widening Bollinger Bands suggest increasing volatility, which could signal a bullish shift in the near future.

Bitcoin- Trading View

Source: Trading View

Next: SEC charges Novatech, founders, promoters with $650M crypto fraud

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Saylor remains bullish on Bitcoin, citing its volatility as a valuable feature.
  • MicroStrategy holds 226,500 BTC, reflecting strong corporate commitment despite market skepticism.

After dipping into oversold territory earlier in August, Bitcoin [BTC] has made a strong comeback, nearing the significant $60K mark.

See also  Bitcoin to $200K in '18-24 months' - What will drive the price?

According to the latest update from CoinMarketCap, the leading cryptocurrency was trading at $59,280, reflecting a 1.35% increase over the last 24 hours.

Saylor on Bitcoin

This renewed bullish momentum has been welcomed by long-time BTC advocates, including MicroStrategy’s Co-founder and Chairman, Michael Saylor, who took to X and noted,  

“Unlock your future. #Bitcoin.” 

Saylor’s remarks were well-received, notably by Joel Valenzuela, the Director of Marketing and Business Development at Dash, who echoed the sentiment and said, 

“The future of custodial money.” 

Saylor appreciated Bitcoin’s volatility

That being said, Saylor recently emphasized that BTC’s volatility should not be viewed as a drawback but rather as an inherent feature of digital assets.

He highlighted that this volatility is part and parcel of what makes Bitcoin unique and valuable in the long term.

“Bitcoin’s volatility is a feature, not a bug.” 

Additionally, in a recent interview with Bloomberg, Saylor disclosed that he personally holds 17,732 BTC and stressed that he hasn’t parted with a single one of these digital assets.

“I continue to acquire more. I think it’s a great capital investment asset for an individual, family, institutional corporation or country. I can’t see a better place to put my money.”

Microstrategy’s BTC holdings revealed

Beyond Saylor’s personal BTC holdings, MicroStrategy, the company he leads, has also made a significant mark in the crypto space.

As of the end of July, MicroStrategy has accumulated an impressive 226,500 BTC, making it the largest public corporate holder of Bitcoin.

With current market conditions, this massive reserve is valued at approximately $12.7 billion, underscoring the company’s deep commitment to the digital asset. 

See also  Bitcoin, Ethereum inflows decline by $6B: Will stablecoins take the spot?

Expanding on the same, Saylor in his 11th August X post noted, 

Saylor On BTC_MSTR

Source: Michael Saylor/X

Peter Schiff disregards Bitcoin’s worth

However, not everyone shares Saylor’s enthusiasm for BTC. Peter Schiff, a well-known financial expert, remains skeptical about Bitcoin’s value.

In a recent YouTube discussion, Schiff openly questioned whether BTC holds any real worth and said, 

“I’m open-minded but I’m also smart and honest.”

He emphasized that despite numerous efforts by Bitcoin enthusiasts, he has yet to hear a compelling argument that convinces him to embrace the cryptocurrency. 

What’s ahead for BTC?

On top of that, with the RSI still below the neutral level, it’s uncertain whether BTC will break past the $60K mark or continue to face resistance before a potential bull run.

However, the widening Bollinger Bands suggest increasing volatility, which could signal a bullish shift in the near future.

Bitcoin- Trading View

Source: Trading View

Next: SEC charges Novatech, founders, promoters with $650M crypto fraud
Tags: BitcoinFutureMichaelMicroStrategysSaylorUnlock

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