bullish

2024

Bitcoin

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<a href="https://x.com/saylor/status/1843632739276468413?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1843632739276468413%7Ctwgr%5Edc1875ee3e09a5a818ff8d9e88fddef2bfb65307%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2Fsaylor%2Fstatus%2F1843632739276468413" rel="noopener noreferrer nofollow">Michael Saylor</a>, CEO of MicroStrategy and entrepreneur known for his deep admiration for Bitcoin, issued a new post regarding the major cryptocurrency. Saylor, with his unconventional approach to social media, issues a post about Bitcoin every day, and sometimes they amuse or confuse, but the message is always the same - bullish on BTC.&nbsp;
This time, the business man, using artificial intelligence, projected himself into a gladiatorial arena in a suit of armor with the Bitcoin logo and captioned it with the message "Step into the Arena." One may translate it as Saylor's invitation to the general public to join&nbsp;<a href="https://u.today/giant-bitcoin-whale-buys-696-million-in-btc-whats-happening" rel="noopener noreferrer nofollow">Bitcoin</a> in the fight against inflation and for financial freedom.
<blockquote>
 Step into the Arena. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/hfDf2QrwaC" rel="noopener noreferrer nofollow">pic.twitter.com/hfDf2QrwaC</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1843632739276468413?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 8, 2024</a>
</blockquote>
Interestingly, all of this is happening while MicroStrategy's (MSTR) stock is tearing up the price chart on its way to a new all-time high. Trading at $194.63 per share, MSTR has managed to break out of the multi-month consolidation that began in March of this year.&nbsp;<a href="https://u.today/microstrategys-saylor-issues-one-word-verdict-for-bitcoin" rel="noopener noreferrer nofollow">MicroStrategy</a> stock is up 13.91% since the beginning of October.&nbsp;
<h2 dir="ltr" id="24-years-later">24 years later</h2>
The only visible ceiling for MSTR right now seems to be the $200 high that was set over six months ago.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="61ac85e9-3d4f-4b1e-80d2-e4132351ef19" src="https://u.today/sites/default/files/inline-images/MSTR_2024-10-08_18-22-43.png">Source: <a href="https://www.tradingview.com/x/0jafzD8Q/" rel="noopener noreferrer nofollow">TradingView</a>
If, or rather when, it is breached, the next target for MicroStrategy will be the old all-time high of $333, set almost 24 years ago in March 2020.
The success for MSTR is well known and quite simple, as 252,220&nbsp;<a href="https://u.today/bitcoin-btc-price-reclaims-64k-following-saylors-winning-message" rel="noopener noreferrer nofollow">BTC</a> are comfortably sitting in the company's Reserves, and with an average price of about $39,300, it has already made a profit of 59.7%, or about $5.93 billion.&nbsp;

MicroStrategy's Saylor Invited to Bitcoin Arena as MSTR Aims for All-Time High

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