“There is no second best Christmas present.”

Michael Saylor's reaction to the Bitcoin Christmas rally:
Cover image via Yo today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.

Accurate strategy His boss, Michael Saylor, has posted a regular daily tweet endorsing the world's leading cryptocurrency, Bitcoin, on which his company has made a big bet, investing billions of US dollars in funds raised this year.

With the price of Bitcoin rising 4.56% over the past 24 hours, which many believe is a “Santa Claus rally,” when financial markets begin to rise before Christmas, Saylor issued a tweet, in which he was depicted as Santa holding a box with a gift bearing the Bitcoin logo. It says: "There is no second best Christmas present." Bitcoin rose from $94,190 to the $99,500 region but is currently trading at $98,620 per coin.

The phrase “there is no second best” is frequently applied to Bitcoin by Bitcoin extremists, who assert Bitcoin's superiority not only over the rest of the cryptocurrency market but over the rest of assets in traditional markets as well.

Related to

Michael Saylor announced

Saylor offers a “$299 million Bitcoin gift” to MSTR holders

The previous day, Michael Saylor took to his At Tuesday's bitcoin price of $94,000, Saylor referred to that return as a "$299 million gift" to MicroStrategy shareholders.

This week, the company broke news about another massive Bitcoin purchase made using its cash reserves and funds raised thanks to shareholders. MicroStrategy bought a Bitcoin block worth $561 million, so, to date, the business intelligence company owns a total of 444,262 Bitcoin worth approximately $27.7 billion.

Nearly a month ago, Michael Saylor announced that he intended to quit “Bitcoin $100,000” party at his house On New Year's Eve. At the time, Bitcoin was still trading just above $90,000, but he intended to throw this party anyway. There is approximately one week before that day arrives.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *