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Strategy’s Saylor Reveals Bitcoin Price Truth in Just 8 Words
In a recent statement, Michael Saylor, the executive chairman of Strategy and one of the most outspoken advocates for Bitcoin, has shed light on an astonishing piece of information regarding the price of Bitcoin. The quote in question is nothing short of explosive: “Everyone gets Bitcoin at the price they deserve.”
What makes this statement so significant is that it comes from someone who knows a thing or two about Bitcoin’s dynamics. As executive chairman and one of the largest holders of Bitcoin, Strategy holds an impressive 597,325 BTC valued at approximately $63.97 billion, with an average cost basis of $70,982 per Bitcoin. This results in the firm being up over 50.86% on its Bitcoin position, positioning it as one of the largest and most profitable corporate holders.
It is essential to note that Saylor’s statement should not be taken lightly. As a prominent figure in the crypto space, his statements carry significant weight. When he talks about price and timing, he is not simply making motivational statements – he speaks from one of the boldest balance sheets in corporate history.
Whether you invested $100 or $10,000, Saylor’s message remains unchanged: “buy when you believe.” The recent performance of Bitcoin has been nothing short of unpredictable. After achieving its highest ever quarterly close at $107,146 on Binance, a sudden sell-off saw prices dip as low as $105,100. This has left the market wondering if this marks the start of an upward trend or merely a dead cat bounce.
The statement by Saylor offers valuable insight into the current state of the market and what might be in store for Bitcoin in the near future.
Source: u.today
