Amidst Bitcoin's active growth, Strategy CEO Michael Saylor has reaffirmed his predictions regarding the cryptocurrency's continued rise. Bitcoin has surpassed the $121,000 mark for the first time, approaching $123,000.
New Record for Bitcoin
Bitcoin continues to demonstrate impressive growth, setting new records. Currently, its price is nearing $123,000, indicating further growth potential.
Saylor's Optimism About Bitcoin
Michael Saylor mentioned that Bitcoin represents a 'buying opportunity' even at current prices, as he believes in the token's significant growth potential. This enthusiasm is supported by an overall year-to-date gain of 31%, which is comparable to gold's 29% rise.
Market Shorts and Liquidations
Against the backdrop of the current rally, Saylor also encouraged traders to short Bitcoin, adding that this action is suitable only for those who 'hate money.' According to data from analytics firm CoinGlass, about $172 million worth of shorts have been liquidated in the last hour alone, with total 24-hour liquidations nearing $600 million.
Bitcoin remains under the influence of rising prices, and insights from experts like Michael Saylor emphasize the cryptocurrency's significance in financial markets. The short market also reflects liquidation dynamics, potentially signaling tension among traders.
