Michael Saylor, a prominent Bitcoin advocate, recently commented on current trends in the crypto market, urging investors to focus on Bitcoin.
Bitcoin Hits New Record
In the last 24 hours, Bitcoin reached a new all-time high of $124,128, surpassing the market capitalization of companies such as Alphabet, Google's parent company. This event has spurred positive anticipation among investors, many of whom target $130,000 by the end of August.
Altcoins Near All-Time Highs
As of the time of writing, Bitcoin faced a slight correction and was trading at $121,880.94, up 1.79%. Trading volume surged by 35.17% to $99.45 billion. Ethereum is priced at $4,734.49, which is just 4% shy of its record set in November 2021. XRP is trading at $3.23, approximately 15% away from its all-time high.
Michael Saylor's View on the Market
In a recent post on X (formerly Twitter), Saylor urged investors not to be distracted by short-term altcoin trends, emphasizing the importance of maintaining focus on Bitcoin's fundamental prospects.
Given the current events in the cryptocurrency market, Michael Saylor's viewpoint remains significant, especially among those looking towards long-term Bitcoin investments.
