bullish

2024

Bitcoin

when

Epic

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
American businessman and MicroStrategy CEO&nbsp;<a href="https://x.com/saylor/status/1844360194870083763">Michael Saylor</a>, known for his radically bullish stance on major cryptocurrency&nbsp;<a href="https://u.today/2009-satoshi-era-whale-begins-70-million-bitcoin-sell-off">Bitcoin (BTC)</a>, has unleashed an epic new post on his social media accounts. It should be noted that Saylor regularly shakes up the information field with his viral, unconventional statements on Bitcoin, often accompanied by some nonstandard image.
The most recent period was no exception, when the cryptocurrency market was under fire due to unsatisfactory macroeconomic data. The businessman literally portrayed himself as a firefighter in uniform, with the&nbsp;<a href="https://u.today/bitcoin-btc-korea-premium-might-be-mitigated-soon-heres-why">BTC</a> logo putting out the fire. This epic work of artificial intelligence was a companies by a "Bitcoin to the rescue" caption.
<blockquote>
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> to the Rescue. <a href="https://t.co/u4MiCSiD7m">pic.twitter.com/u4MiCSiD7m</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1844360194870083763?ref_src=twsrc%5Etfw">October 10, 2024</a>
</blockquote> 
<h2 dir="ltr" id="bitcoin-vs-recession">Bitcoin vs. recession?</h2>
It is still worth understanding which fire Michael Saylor is putting out - the one that wiped $24 billion off the crypto market's capitalization in a matter of hours, or the one currently burning up the U.S. economy. But they are all pieces of the same puzzle, with inflation rising faster than expected despite the Fed's recent 50 bps rate cut.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="8fc80d6a-7086-4771-bfb0-a97c86006ca7" src="https://u.today/sites/default/files/inline-images/bitcoincmc_0.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a>
However, what is happening in the economy, which is clearly in recession, is not necessarily the same as what market participants are seeing, and they seem to be expecting monetary easing to continue.&nbsp;
In that case, you could say that Saylor is picking the right side, promoting&nbsp;<a href="https://u.today/satoshi-ally-adam-back-reveals-what-he-needs-from-bitcoin-price">Bitcoin</a> as a safe haven in a time of market conflagration. However, there is little doubt that the businessman would have chosen BTC in any other situation as well.

'Bitcoin to the Rescue': MicroStrategy's Saylor Battles Market Fire With Epic Post

Table of Contents

U_Today

Other articles published on Oct 10, 2024

Google to break up?

Best Crypto Investments for U.S. Investors Before the Elections

OKX Launches Trading Platform for UAE Investors

Bitcoin Whales Exit Early, Face $30M Loss

Hot AI Token WallitIQ (WLTQ) Set To Outperform Shiba Inu (SHIB) And Pepe (PEPE) To Enter Crypto T...

Top 3 Cryptos Destined To Pump 5000% By 2025: Experts List (SUI), (BONK) And (CUTO)

Join our free newsletter for daily crypto updates!