Michael Saylor, the renowned evangelist and cofounder of the MicroStrategy business intelligence giant, recently made waves in the global crypto community with his tweet about Bitcoin. This comes as the world’s leading cryptocurrency experienced a 2.7% decline, dipping below the $64,000 mark.
Michael Saylor and the Concept of “Bitcoin Rules”
In his tweet, Saylor introduced the idea of “Bitcoin rules” to the crypto community. He emphasized that Bitcoin operates without traditional rules, stating, “#Bitcoin is Rules Without Rulers.” Saylor’s tweet, known for its concise and impactful nature, was accompanied by an AI-generated image featuring a futuristic character with a Bitcoin logo, reminiscent of a scene from the iconic movie “The Fifth Element.”
As a key figure at MicroStrategy, the first company to incorporate Bitcoin into its balance sheet through regular purchases, Saylor regularly shares Bitcoin-themed tweets to foster a sense of community within the crypto space.
Bitcoin Price Fluctuations
Following a period of significant growth last week, where Bitcoin surpassed $64,000, the cryptocurrency experienced a notable decline of nearly 3%, dropping to $62,720. Currently, Bitcoin is trading at $62,860. This downward trend followed a bullish period that saw BTC maintaining its position above $64,000 before encountering selling pressure.
Notable figures in the financial world, such as Robert Kiyosaki and Max Keiser, have expressed optimistic views on Bitcoin’s future price trajectory. Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” speculated that Bitcoin could potentially reach $350,000 by August. Similarly, Keiser and Samson Mow anticipate Bitcoin surpassing $100,000, with Mow even suggesting a staggering $1 million price target.
Overall, Michael Saylor’s tweet, coupled with Bitcoin’s price movements, underscores the ongoing volatility and potential growth opportunities in the cryptocurrency market.