2024

Bitcoin

Note

<p><strong>Bitcoin (BTC) is experiencing a remarkable resurgence. An opportunity that Michael Saylor, the co-founder of MicroStrategy, always takes to share his thoughts about what he thinks would happen to the flagship crypto in the future. His projections regarding bitcoin (BTC) are rarely pessimistic.</strong></p>
<h2 id="h-is-bitcoin-btc-still-below-its-true-valuation">Is Bitcoin (BTC) still below its “true” valuation?</h2>
<p>Michael Saylor, co-founder of MicroStrategy and a leading figure in the crypto industry, recently expressed his opinion on the future trajectory of <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">bitcoin’s (BTC) price</a>. His view comes in the context of the flagship cryptocurrency’s recent surge.</p>
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<p>As a reminder, bitcoin (BTC) has broken the $50,000 resistance and reached a valuation of $52,200. This was after it gained 1.57% on its valuation from 24 hours ago for a weekly rise of 16.66%.</p>
<p><a href="https://u.today/bitcoin-bull-michael-saylor-breaks-silence-on-btc-price" target="_blank" rel="noopener noreferrer nofollow">According to Michael Saylor</a>, this significant upswing is far from sufficient. He asserts that the current price of bitcoin remains below 0.06 million dollars, providing a concrete reference point for market observers.</p>
<p>Michael Saylor’s comments about bitcoin are based on thorough analysis rather than speculative conjecture. But concretely, what can they mean for the crypto community?</p>
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     <p lang="en" dir="ltr">Bitcoin Bull Michael Saylor Breaks Silence on BTC Price<br><br> <a href="https://twitter.com/hashtag/BTCUSD?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSD</a> <a href="https://twitter.com/hashtag/BTCUSDT?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSDT</a> <a href="https://twitter.com/hashtag/BTCUSDC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSDC</a> <a href="https://twitter.com/hashtag/BTCTUSD?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCTUSD</a><br> <br> <a href="https://t.co/6TqdPKld3m" rel="noopener noreferrer nofollow">https://t.co/6TqdPKld3m</a> <a href="https://t.co/SbB9PHhiqD" rel="noopener noreferrer nofollow">pic.twitter.com/SbB9PHhiqD</a></p>— Bumblebee / Crypto News (@CryptoBumblebe) <a href="https://twitter.com/CryptoBumblebe/status/1758047304093782260?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a>
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 <figcaption class="wp-element-caption"><em>Michael Saylor shares his bitcoin price predictions</em>
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<h2 id="h-the-implications-for-bitcoin-s-btc-outlook">The implications for bitcoin’s (BTC) outlook</h2>
<p>Michael Saylor’s opinion has a twofold implication for the trajectory of bitcoin. Firstly, it points to a short-term goal of $60,000. This level is just steps away from the flagship cryptocurrency’s previous peak of $69,000.</p>
<p>On the other hand, he alludes to a more ambitious long-term goal—a bitcoin (BTC) target price close to 1 million dollars. That is exactly the projection made by Cathie Wood, the head of Ark Invest, a few months ago.</p>
<p>Note that under the leadership of Michael Saylor, MicroStrategy has accumulated a significant bitcoin (BTC) portfolio. A treasure whose value currently stands at 190,000 BTC, positioning MicroStrategy as one of the most significant BTC whales.</p>
<p>For many analysts, the prospects of bitcoin are positive. Even though the Federal Reserve’s (Fed) recent decision to maintain interest rates has caused the crypto market to react, slightly falling by 0.3% to approximately $1.94 trillion.</p>

Bitcoin: Michael Saylor has big aspirations for the flagship cryptocurrency

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