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Crucial Bitcoin Revelation Made by Michael Saylor: “We Are All Competing” for This
In a recent statement, MicroStrategy CEO Michael Saylor has made a crucial revelation about the current market situation. According to his words, “we are all competing” in the pursuit of securing more cryptocurrencies, specifically Bitcoin.
This statement is particularly significant since it comes from one of the largest institutional investors in Bitcoin, with holdings exceeding $41.5 billion. As MicroStrategy holds 423,650 Bitcoins, valued at around $41.5 billion, this revelation sheds light on the intense competition that exists within the cryptocurrency market.
While gold has increased by 7%, bonds have dropped significantly, going down by a whopping 5%. Meanwhile, Bitcoin’s value fluctuated throughout the day. Initially, it fell by 3.14% from $102,530 to $99,315 before experiencing a brief recovery to reach $100,700.
Saylor’s remarks highlight the competitive nature of the cryptocurrency market.
Source: u.today
