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CryptoXTimes > Article > News > Bitcoin Reaches $61,000, Saylor Shares Bold Insight
NewsBitcoin News

Bitcoin Reaches $61,000, Saylor Shares Bold Insight

Bitcoin hits $61,000; Saylor calls it the ultimate investment.

Rubab Fatima
Last updated: August 22, 2024 8:07 pm
Rubab Fatima 9 months ago
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Bitcoin Reaches $61,000, Saylor Shares Bold Insight

Michael Saylor, a famous Bitcoin evangelist and co-founder of MicroStrategy, has talked about the top cryptocurrency in a way that has once again sparked interest.

His most recent post on the X platform, which used to be Twitter, happened at the same time that Bitcoin quickly surpassed $61,000, which sent shockwaves through the financial world.

Saylor, who is famous for always believing in Bitcoin’s promise, shared an intriguing message on social media with the millions of people who follow him. He said, “If Bitcoin isn’t the answer, you’re asking the wrong question,” which seemed to confirm his belief that Bitcoin was the best investment possible.

If #bitcoin isn’t the answer, you’re asking the wrong question. pic.twitter.com/BPNpq6KFd1

— Michael Saylor⚡️ (@saylor) August 22, 2024

Bitcoin Faces Resistance


He has been saying for a long time that Bitcoin is better than standard assets and fiat currencies, especially when the economy is uncertain. Bitcoin’s value has gone up and down a lot in the last 24 hours.

It tried to break through the $61,000 limit twice, but market bears stopped it both times. Between Wednesday and Thursday, BTC went from $59,374 to an remarkable $61,830, which was the first big jump. The price went back down to $60,174, though, so the rise was short-lived.

Soon after, there was a second surge, and Bitcoin went up again, this time hitting the $61,300 area. Even with all of this up and down, BTC is still selling at around $60,950, which shows a small drop but still indicates how strong the digital asset is.

Still, people are talking more and more about BTC, and financial experts are joining the conversation. Robert Kiyosaki, an expert on investments and the author of the best-selling book “Rich Dad, Poor Dad,” recently stressed how important Bitcoin is as a hedge against the growing U.S. debt.

In his most recent tweet, Kiyosaki talked about how scary it is that the U.S. debt is growing at a worrisome rate—by about $1 trillion every 100 days. He said that this trend makes it a strong case to invest in BTC, gold, and silver. Always optimistic about BTC, Kiyosaki’s price expectations have grown.

He said earlier this year that BTC would reach $350,000, which was a lot more than his original prediction of $100,000 by September. However, he later clarified that this was an aim rather than a statement. CEO of JAN3, Samson Mow, has said that BTC could hit a remarkable $1 million within the next year. This represents yet another significant forecast.


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TAGGED: Bitcoin, BTC, Crypto, Cryptocurrencies
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