Chairman of MicroStrategy Michael Saylor has immediately caught the attention of the crypto community with his most recent Bitcoin-related remarks. Following the record page of $73,797.68 just last week, interest in spot Bitcoin exchange-traded funds has waned, and the leading cryptocurrency has seen a slump.
Indeed, the leading cryptocurrency has fallen by nearly 13% following the new high. According to JPMorgan Chase and Co. strategists are not counting out a further drop yet. Saylor expresses his thoughts on volatility on social media platform X as well.
Saylor had enough optimism to write the following statement. He tweeted on X “Volatility is a vitality,” This sounds like it was written in light of the volatility experienced by the crypto markets.
The BTC traded down by 5.12% in the last 24 hours to $63,196 as per the time of reporting, having disrupted intraday lows of $62,570 after reaching the high of $66,651. Over the years, regardless of Bitcoin’s appeal seeing its price drag, it has outrun. It has grown over 120%.
MicroStrategy has recently concluded its second multimillion-dollar Bitcoin acquisition when it bought roughly over 1% of all the Bitcoin that will ever be issued. The business now holds 214,246 BTC, while the total supply of Bitcoin is capped at 21 million. Bitcoin has issued roughly 19.7 million coins to date, with the 21 million goals expected to be reached by 2140 .
