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- Michael Saylor, Bitcoin evangelist and MicroStrategy founder, makes bullish Bitcoin statements amidst a minor price dip.
- Saylor’s tweets encourage investors to “Think Better” and “Indulge in Bitcoin.”
- The MicroStrategy founder also comments on Berkshire Hathaway, stating that “Bitcoin is hope” for the company.
MicroStrategy’s Michael Saylor continues to advocate for Bitcoin, issuing bullish statements even as the cryptocurrency experiences a slight dip in price. His comments also extend to Berkshire Hathaway, suggesting a potential future for Bitcoin within the company.
Saylor makes bullish Bitcoin statement
Michael Saylor, founder of MicroStrategy and a well-known Bitcoin evangelist, recently issued a series of bullish statements on Bitcoin. This comes even as the cryptocurrency experienced a minor dip of more than 4% in its price. Saylor took to Twitter to encourage investors to “Think Better,” with the “B” stylized as a Bitcoin logo. He followed this up with another tweet urging followers to “Indulge in Bitcoin.”
Bitcoin’s minor price dip
These statements from Saylor come in the wake of a minor decline in Bitcoin’s price, with the cryptocurrency falling from $65,177 to the $62,550 price line. This follows an impressive 10% growth that Bitcoin staged over the weekend, largely due to the Grayscale spot BTC ETF, GBTC, receiving its first inflow since its launch in January this year. Prior to this, GBTC had only seen regular and stable Bitcoin withdrawals.
Saylor’s BTC statement on Berkshire Hathaway
In addition to his comments on Bitcoin, Saylor also made a statement regarding Berkshire Hathaway. He tweeted that “Bitcoin is hope” for the company, a statement that comes after the first meeting of Berkshire Hathaway’s shareholders this year. This was the first meeting to take place without Charlie Munger, the company’s vice president who passed away in November last year.
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Berkshire Hathaway’s stance on Bitcoin
It’s worth noting that Berkshire Hathaway’s CEO, Warren Buffett, has been a known critic of Bitcoin, famously calling it “rat poison squared” during a shareholder meeting in 2018. Despite this, Saylor’s comments suggest a potential future for Bitcoin within the company. Currently, Berkshire Hathaway’s market capitalization stands at $862.05 billion, while Bitcoin’s market capitalization is significantly higher at $1,230,111,456,988.
Conclusion
In conclusion, Michael Saylor continues to be a strong advocate for Bitcoin, issuing bullish statements even amidst minor price dips. His comments also suggest a potential future for Bitcoin within Berkshire Hathaway, despite the company’s historical criticism of the cryptocurrency. As the world of cryptocurrencies continues to evolve, it will be interesting to see how these predictions play out.
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