Michael Saylor, founder of MicroStrategy, maintains that Bitcoin is indestructible despite its current price fluctuations. He actively motivates investors to keep faith in the asset.
The Symbolism and Confidence of Michael Saylor
Despite Bitcoin's current trading price around $115,058, Michael Saylor emphasizes his unwavering belief in the asset. In a recent post, he describes Bitcoin as 'indestructible,' symbolizing strength and protection. He believes this asset can serve as a reliable support for investors amidst economic uncertainty.
Current Status of Bitcoin Market
Over the past week, Bitcoin's price has fluctuated between $112,000 and $117,000, showing a decrease of 2.71%. An all-time high of $124,000 was recorded recently. Reasons for the current dip include uncertainty from the Fed, active selling by miners, and outflows from Bitcoin ETFs.
Unwavering Belief Among Investors
Saylor urges investors to avoid panic during minor dips and hold their assets firmly. He states that Bitcoin can protect them from inflation and geopolitical tensions, further highlighting the importance of a long-term investment strategy.
Despite market fluctuations and various factors affecting Bitcoin's price, Michael Saylor's confidence in its strength remains robust. This serves as a reminder of the importance for investors to focus on long-term prospects.
