
Jakarta, Pintu News – Michael Saylor, founder and executive chairman of Strategy, recently riled up the crypto community with his bold statement about Bitcoin . Through a tweet on social media, Saylor asserted, “Own Bitcoin or become a servant of Silicon Overlord.” This statement emphasizes the importance of Bitcoin as a bastion of freedom in an increasingly centralized digital age.
According to Saylor, without Bitcoin (BTC), individuals could be trapped in a digital system that they cannot manage or influence. This view is not new to Saylor, who has long considered Bitcoin (BTC) to be the purest form of money and freedom.
With Bitcoin, Saylor believes that individuals can take control of their finances without having to rely on traditional financial systems that are often non-transparent and riddled with interventions. In recent years, Saylor has transformed his company, which started out as a software company, into the world’s most influential Bitcoin proxy. This shows Saylor’s commitment and belief in the future of Bitcoin.
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Strategy, under Saylor’s leadership, has acquired 597,325 BTC for a total investment of approximately $42.40 billion, at an average price of nearly $70,982 per Bitcoin. This massive investment was made despite the notoriously high price volatility of Bitcoin. In late June, Strategy announced an additional purchase of 4,980 BTC, worth $531.9 million.
A recent report from Bloomberg showed that Strategy recorded unrealized gains of over $14 billion in the second quarter. This puts Strategy in the ranks of large companies such as Amazon and JPMorgan Chase, showing how significant a position Bitcoin has in their investment portfolio.
Since mid-2020, when Saylor started investing his company’s funds into Bitcoin as a hedge against inflation, Strategy’s share price has surged by more than 3,300%. In the same period, the price of Bitcoin itself has risen about 1,000%, while the S&P 500 has only risen about 115%.
Bitcoin (BTC) is trading at $108,025 at the time of writing, having decreased by 0.07% in the last 24 hours. However, Bitcoin touched its highest price since June 9 at $110,590 on July 3. July is predicted to be a volatile month for Bitcoin, with several key events scheduled, including the final deadline for the long-awaited executive order.
Michael Saylor’s bold statements and moves in the world of Bitcoin not only demonstrate his long-term vision for the cryptocurrency, but also underscore the importance of adapting to new financial technologies. For investors and market watchers, Saylor’s move could be considered an important barometer in assessing the future of Bitcoin and blockchain technology more broadly.
Also Read: Michael Saylor and a New Strategy Towards 600K Bitcoin (BTC), Can It Be Replicated?
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