Bitcoin Is Novel, Digital, Global, and Unique: Michael Saylor
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- Bitcoin climbed above $50,000 yesterday following a sustained seven-day rally.
- MicroStrategy CEO Michael Saylor believes Bitcoin is “novel, digital, global, and unique.”
- According to Saylor, Bitcoin has found its footing following a rebalancing shortly after the ETFs were approved.
Bitcoin climbed above $50,000 yesterday following a sustained seven-day rally. Shortly before breaking above this level, MicroStrategy CEO Michael Saylor posted that the price of Bitcoin is “still less than $0.05 million,” reaffirming his earlier prediction of much higher targets for the flagship cryptocurrency.
The price of $BTC is still less than $0.05M.
— Michael Saylor(@saylor) February 12, 2024
Saylor noted that the recent rally indicates Bitcoin’s popularity as an investment asset during a CNBC Closing Bell show. He described Bitcoin as the world’s most popular investment asset that is “novel, digital, global, and unique.”
According to Saylor, Bitcoin is uncorrelated to traditional risk assets because it doesn’t come with exposure to any given country or other traditional potential risk elements. Hence, it qualifies as a natural addition to the po…
The post Bitcoin Is Novel, Digital, Global, and Unique: Michael Saylor appeared first on Coin Edition.
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