Michael Saylor, a well-known Bitcoin advocate and chairman of the company Strategy, shared his thoughts on the recent price drop of the first cryptocurrency while remaining optimistic about its future.
Bitcoin as an Escape from the Matrix
Saylor once again published an AI-generated image connected to Bitcoin and referenced the movie 'The Matrix' by the Wachowski brothers. He stated that 'tickets to escape the matrix' are now priced in Bitcoin.
Bitcoin Price Drop
Over the past 24 hours, Bitcoin's price has fallen by 2.33%, dropping from $106,150 to the $103,400 zone. This decline occurred after Bitcoin surged from $104,280, attempting to test $106,000. Since Monday, Bitcoin is down 4.87% from a local peak of $108,850.
Large Wallets Continue Accumulating BTC
Data from on-chain tracker Santiment reveals that while Bitcoin is going down, large wallets holding 10 BTC and more continue accumulating—over the past 10 days, the number of such wallets has increased by 0.15%. In contrast, smaller wallets, which hold 0.001 to 10 BTC, have been dumping Bitcoin, showing a 0.15% decline in their numbers.
Despite short-term price fluctuations, Michael Saylor's view of Bitcoin as a means to reshape the financial landscape remains optimistic.
