Michael Saylor, Executive Chairman of MicroStrategy, declared Bitcoin's price at $80,000 as a 'historic entry point'. This announcement was made via Twitter on March 18, 2025.
Saylor's Statement on Bitcoin
Michael Saylor, known for his advocacy for Bitcoin, emphasized its potential as a hedge against inflation and fiat currency devaluation. His company, MicroStrategy, holds a substantial Bitcoin reserve, totaling 499,096 BTC. Saylor is convinced that at $80,000, all risks have been stripped off, making Bitcoin a favorable investment.
Bitcoin's Rise After Statement
Following Saylor’s statement, market analysts noted a positive sentiment shift toward Bitcoin. The cryptocurrency rose by 2.3% within 24 hours, reaching $81,245 on March 19, 2025. Saylor's comments on reduced risk and institutional adoption highlight Bitcoin's growing acceptance.
Strengthening Bitcoin's Legitimacy
Bitcoin's current price rally mirrors past trends; for example, margin traders added nearly 8,000 BTC long positions in 2024, driving prices to exceed $75,000. Experts suggest that Bitcoin’s increasing legitimacy and lower perceived risk could result in sustained price growth. Saylor’s bullish stance aligns with historical patterns, indicating potential future benefits for long-term investors.
Michael Saylor's statement captured attention, reducing perceived risk and supporting Bitcoin as a legitimate investment asset.
