2024

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Bitcoin climbed above $50,000 yesterday following a sustained seven-day rally.</strong></li> 
 <li><strong>MicroStrategy CEO Michael Saylor believes Bitcoin is “novel, digital, global, and unique.”</strong></li> 
 <li><strong>According to Saylor, Bitcoin has found its footing following a rebalancing shortly after the ETFs were approved.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a> climbed above $50,000 yesterday following a sustained seven-day rally. Shortly before breaking above this level, MicroStrategy CEO Michael Saylor posted that the price of Bitcoin is “still less than $0.05 million,” reaffirming his <a href="https://coinedition.com/microstrategys-saylor-sells-216m-of-his-shares-to-buy-more-bitcoin/">earlier prediction of much higher targets</a> for the flagship cryptocurrency.&nbsp;</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The price of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> is still less than $0.05M.</p>— Michael Saylor
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1757132469130657905?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 12, 2024</a>
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<p>Saylor <a href="https://twitter.com/saylor/status/1757166611130167368" target="_blank" rel="nofollow">noted</a> that the recent rally indicates Bitcoin’s popularity as an investment asset during a CNBC Closing Bell show. He described Bitcoin as the world’s most popular investment asset that is “novel, digital, global, and unique.”&nbsp;</p> 
<p>According to Saylor, Bitcoin is uncorrelated to traditional risk assets because it doesn’t come with exposure to any given country or other traditional potential risk elements. Hence, it qualifies as a natural addition to the po…</p>
<p>The post <a href="https://coinedition.com/bitcoin-is-novel-digital-global-and-unique-michael-saylor/">Bitcoin Is Novel, Digital, Global, and Unique: Michael Saylor</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Is Novel, Digital, Global, and Unique: Michael Saylor

Coin Edition

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