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MicroStrategy's Michael Saylor Hints At Potential Bitcoin Highs

21/05/2024 17:38

According to U.Today, Michael Saylor, the founder and chairman of business intelligence giant MicroStrategy, has once again expressed his support for Bitcoin on a social media platform. Saylor posted an AI-generated image of a human face focusing on the right eye, with the caption 'Keep your eye on the prize. #Bitcoin'. The image contained the numbers 69, 98, and 89, which some believe could be Saylor's prediction for Bitcoin's potential future value. At the time of writing, Bitcoin, the world's leading cryptocurrency by market capitalization, is valued at $67,240. This price level was regained by Bitcoin on Friday, and since then, the cryptocurrency has fluctuated slightly but has always managed to recover. Over the past 24 hours, Bitcoin has seen a 1.89% increase, rising from $66,000. Saylor and MicroStrategy's investment in Bitcoin, which began in August 2020, was initially considered risky by many. However, the company has since acquired 214,400 BTC, valued at over $7.5 billion. In related news, cryptocurrency trader and analyst Ali Martinez has suggested that Bitcoin could see further gains. Martinez noted that Bitcoin has a crucial support level at $66,250, where 530,000 Bitcoins were transacted. If this support level holds, Bitcoin could potentially start to climb again.

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