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Title: Despite Market Turbulence, Bitcoin Keeps Charging Towards $80,000 as Michael Saylor Calls it ‘Digital Gold’
Despite the period of extreme market turbulence, Bitcoin continues to defy expectations and charge towards a new all-time high of $80,000. The cryptocurrency has been experiencing some wild price swings over the past few days, but its momentum remains strong.
In a surprising turn of events, Michael Saylor, CEO of MicroStrategy and a prominent Bitcoin advocate, has reiterated his stance on the digital asset’s potential for growth. In an interview with a major financial publication, he went so far as to call Bitcoin ‘Digital Gold’, emphasizing its inherent value and long-term potential.
Saylor’s statement comes at a time when the cryptocurrency market is facing unprecedented turmoil. Many experts have expressed concerns over the recent collapse of TerraUSD (UST) and the subsequent market-wide losses. However, Michael Saylor remains bullish on Bitcoin, citing its limited supply and decentralized nature as key factors driving its value.
It appears that Bitcoin’s resilience has not gone unnoticed by market participants. Despite yesterday’s extreme price swings, which saw it drop to a multi-month low of $74,434, the asset is currently trading at $77,423.
In related news, Ripple CEO Brad Garlinghouse took to Twitter to break his silence on the company’s historic move.
Source: https://u.today/binance-ceo-says-tariff-mayhem-may-benefit-crypto
