Michael Saylor, the famous founder of MicroStrategy and a strong supporter of Bitcoin, made an important announcement on the X platform (formerly known as Twitter) that caused a lot of buzz in the crypto community.
Bitcoin’s value recently rose sharply and recovered the $61,000 mark. At that moment, he sent his message.Saylor’s most recent tweet features an AI-generated image of him as a college professor, diligently working at a blackboard with a chalk in hand.
The text that goes with it says, “Based on my math, bitcoin will always go up.” This comes after BTC’s price rose by 5.43 percent in the last 24 hours, from $58,000 to just above $61,000.
Bitcoin Long-Term Hold
Bitcoin did have a minor comeback after this peak, falling by 1.1% to trade around $60,500. Saylor has promised to hold MicroStrategy’s BTC reserves for at least ten years. He is known for making positive and sometimes controversial statements about BTC.
Despite his belief in BTC’s short-term worth, he tells investors to keep their Bitcoin in “cold wallets” forever. Earlier this year, he asserted that one could carry BTC “to one’s grave,” highlighting its convenience compared to cash or gold.
Saylor’s strong backing fits with what on-chain data aggregator Santiment has seen in the market lately. The platform shows that the large BTC holders, called “whales,” have been constantly buying more BTC. In the last six weeks, they bought 94,700 BTC, which is worth about $5.72 billion.
This accumulation trend shows that big buyers are still optimistic, even though the market as a whole is volatile.Some traders are selling their assets because the price of BTC is going up and down, but key players are taking advantage of price changes to buy more Bitcoin.
Saylor’s latest support for BTC shows that he still believes in its strength and long-term growth potential. This supports his long-standing message that the future of cryptocurrency is bright.
