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Michael Saylor Issues Bitcoin ‘Holiday Break’ Post, Hinting At Current BTC Drawdown
In a recent tweet, MicroStrategy’s CEO Michael Saylor sparked controversy by suggesting that the current drawdown in the Bitcoin market might be a temporary phenomenon. He stated that this year, many financial institutions and whales have been purchasing large amounts of Bitcoin anonymously, which he believes could lead to a significant rebound.
It is essential to note that Saylor’s comments were not entirely without basis, as we see massive inflows into spot ETFs and regular purchases, which could contribute to the growth of demand for Bitcoin.
Source: u.today
