Michael Saylor, founder and executive chairman of Strategy, sparked a wave of discussions in the crypto community as Bitcoin surpassed the $85,000 mark.
Saylor's Call for Bitcoin Purchases
Renowned Bitcoin advocate Michael Saylor addressed the global crypto community, stating that 'the only thing better than Bitcoin is more Bitcoin.' Saylor emphasized his point with an image featuring an orange background symbolizing Bitcoin.
The $2 Billion Deal
On March 31, Strategy announced the purchase of 22,048 Bitcoins, spending $2 billion. Their total holdings now amount to 528,185 Bitcoins valued at $35.63 billion. Saylor had previously hinted at this purchase in social media.
Arthur Hayes' Prediction: Bitcoin to $250,000
Founder and former CEO of BitMEX, Arthur Hayes, predicted that Bitcoin might reach $250,000 by the end of 2025. Hayes believes that Bitcoin trading is entirely based on market expectations regarding the future supply of fiat currency. If the expected policy shift from the Federal Reserve is confirmed, BTC is likely to move towards this target.
At press time, Bitcoin is trading at $85,730, showing an almost 2% increase today.
