Satoshi

Bitcoin

Atlas

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Bitcoin evangelist Michael Saylor recently took to the X social media network in order to <a href="https://x.com/saylor/status/1842919898915463337" rel="noopener noreferrer nofollow">urge</a> his followers to buy "a piece of cyberspace."
This is not the first time when Saylor has brought up the futuristic concept in order to promote the largest cryptocurrency.&nbsp;
"Bitcoin is a shiny city in cyberspace. And you can go there once you understand it," Saylor said back in 2022 during his speech at the Atlas Society gala.&nbsp;&nbsp;
"If you can transfer something of value through cyberspace without a trusted third party, that means you can manifest something of value in cyberspace without a trusted third party. That means you can create and store and transfer energy in the digital realm," he explained.&nbsp;&nbsp;
According to Saylor, Satoshi Nakamoto, the fabled Bitcoin creator, managed to open a "portal" from the physical realm into the digital realm, causing energy to flow into cyberspace.&nbsp;
Saylor also used the cyberspace metaphor during his March <a href="https://www.youtube.com/watch?v=PGTQIl7GtMA" rel="noopener noreferrer nofollow">interview</a> with CNBC, during which he described Bitcoin as expensive real estate. The Bitcoin evangelist believes that the main role of the original cryptocurrency is to ensure the preservation of capital. He does not view Bitcoin as a medium of exchange.&nbsp;
<h2 id="bitcoin-comes-close-to-63-000">Bitcoin comes close to $63,000&nbsp;</h2>
Saylor's most recent Bitcoin pitch has coincided with the cryptocurrency's renewed rally.&nbsp;
Earlier today, the cryptocurrency came close to reclaiming the $63,000 level, peaking at $62,910.&nbsp;
MicroStrategy is, of course, the leading Bitcoin holder by an enormous margin.
The value of the company's Bitcoin holdings stands at a whopping $15.8 billion.&nbsp;

Bitcoin Eyes $63K as Saylor Promotes "Piece of Cyberspace"

Table of Contents

U_Today

Other articles published on Oct 6, 2024

Top 3 Solana-Based Memecoins to Watch This Week For Potential Gains

Experts Evaluate Solana’s Competitive Strength Against Ethereum

Cardano, Dogecoin, And New Prop Firm FXGuys ($FXG) Ready To Pump Amid China And Fed Moves

Museums, AI-generated art, blockchain, and NFTs | Opinion

Introducing SOLE Market: A New Era of Decentralized Digital Asset Trading

Analyst Predicts Bitcoin Surge Given One Key Condition

Join our free newsletter for daily crypto updates!