Michael Saylor Makes Stunningly Bullish Bitcoin To The Moon Statement As BTC Pushes Past $65K
Data from CoinGecko shows that the price of Bitcoin climbed above $65,000 on Friday for the first time since the beginning of August and now hovers at $65,778.
Over the past day, the coin has increased by 3% to reach levels not seen in nearly two months, further recovering from a turbulent early September start that saw the price of the worlds largest crypto by market cap plummet to as low as $53,000.
True to his character, Michael Saylor, the Executive Chairman and co-founder of Nasdaq-listed Bitcoin development firm MicroStrategy, reacted to BTCs bullish upswing.
Saylors Smashing Bitcoin Statement
Michael Saylor published a 2-minute animated video on Twitter (aka X), with the caption Take Me to the Moon. #Bitcoin. The video features a Bitcoin-only band of four members, the Maxis, performing their version of Frank Sinatras Fly Me to the Moon song.
The song praised Bitcoins decentralized qualities, portraying the alpha crypto as a bank in cyberspace. It also touted Bitcoin as the only asset central bankers cannot debase.
The band says Bitcoin is the only asset I dream of; I want more, which clearly references Saylor and his unusually aggressive BTC accumulation strategy. Microstrategy started purchasing Bitcoin in 2020, adopting it as a reserve asset for its treasury. Since then, it has become the largest corporate reserve holder of Bitcoin, accumulating 252,220 BTC, worth roughly $16.5 billion at current prices. The company now owns nearly 1.2% of the total supply of Bitcoin that will ever be created.
The BTC investment move appears to be paying off: MicroStrategys stock has since rocketed higher, becoming a way for investors to gain exposure to Bitcoin without buying it themselves. Moreover, the firm is now sitting on unrealized BTC profits of almost $7 billion.
The Maxis further urged crypto investors to HODL strong and HODL well and never sell their holdings as Bitcoin will always ascend to the moon. Earlier this year, Saylor confirmed he doesnt plan to sell any of MicroStrategys Bitcoin holdings anytime soon, or potentially ever, calling the premier crypto the exit strategy.
The tech entrepreneur earlier this month reiterated his belief that the asset will rocket up to a price of $13 million per coin over a 21-year period.
Text source: ZyCrypto
