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Michael Saylor Thanks Satoshi Nakamoto for Cryptocurrency Inspiration

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by Giorgi Kostiuk

a year ago

On Thanksgiving in the U.S., Michael Saylor, co-founder and chairman of MicroStrategy, expressed his sentiments towards Bitcoin's creator, Satoshi Nakamoto, in a social media post. This event happens as the cryptocurrency approaches a valuation of $100,000.

Gratitude to Satoshi Nakamoto

In an X post, Saylor wrote a simple message: "Thank you, Satoshi." This acknowledgment is a tribute to the person who introduced the world to decentralized digital currency. Since Satoshi's work in 2008, Bitcoin and its technology continue to inspire new blockchain and decentralized finance projects.

MicroStrategy's Growth Fueled by Bitcoin

MicroStrategy's shares have surged over 500% this year. Saylor has caught Wall Street's attention by transforming the company into a sort of Bitcoin Treasury. This week, MicroStrategy announced its largest Bitcoin purchase of $5.4 billion. As of November 24, 2024, the company held 386,700 BTC.

Bitcoin's Impact on the Market

Bitcoin's price rose again beyond $97,000, and at the time of writing, it stood at $95,687, up 1.23% in the last 24 hours.

Michael Saylor's gratitude highlights Bitcoin's impact on the global economy and technological innovation, inspiring people worldwide.

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