Bitcoin’s value has been volatile recently, but Michael Saylor remains bullish on its potential. The founder of Strategy, a company with a large Bitcoin stash, believes the cryptocurrency is “digital gold” and can break above $80,000. Despite market crashes and concerns over trade tariffs, Saylor’s stance has not wavered.
Saylor used an image generated by AI software to illustrate his point, showing himself surrounded by gold bullions and in front of a mock Bitcoin Fort Knox. However, this optimism comes as the US stock market faces uncertainty due to President Trump’s macroeconomic policies.
Last week, major indexes plummeted after the announcement of new trade tariffs targeting most countries. Despite this, Bitcoin managed to stay above $80,000 before briefly dipping to $74,700 but then recovering by 8%. Now, it’s attempting to retake the crucial $80,000 level.
Strategy may be forced to sell part of its Bitcoin stash if it fails to fulfill its financial obligations to investors. The company has raised funds for its Bitcoin accumulation and must offer stocks to buy back from investors if needed. However, so far, Strategy remains confident in its holdings, which total over 500,000 BTC.
Source: https://u.today/bitcoin-is-digital-gold-michael-saylor-as-btc-keeps-charging-at-80000