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Title: ‘Let’s Go,’ Saylor Tweets As Bitcoin Drops Below $95,000 on Fresh CPI Data
Michael Saylor, the CEO of MicroStrategy and a prominent figure in the cryptocurrency world, has taken to Twitter to express his sentiments regarding the recent Consumer Price Index (CPI) data release. The data revealed that the inflation rate had surpassed expectations, with the unadjusted core CPI annual rate in January reaching 3%, marking the largest increase since June 2024.
As a result of this unexpected rise in inflation, the value of Bitcoin has taken a temporary hit, dipping below $95,000. However, Saylor’s tweet suggests that he remains optimistic about the future prospects of the cryptocurrency market. His message reads: “Let’s Go!” – an apparent expression of confidence and enthusiasm.
It is worth noting that this unexpected shift in inflation data could have a significant impact on the global economy, as well as the cryptocurrency market. While it may seem counterintuitive to suggest that Bitcoin is strong amid rising inflationary pressures, Saylor’s tweet highlights his unwavering faith in the digital currency’s resilience and potential for growth.
In other words, Saylor believes that the recent CPI data has only strengthened his conviction in the long-term prospects of Bitcoin.
Source: u.today
