U.Today – Michael Saylor’s Bitcoin Statement

Michael Saylor, a prominent Bitcoin supporter and co-founder of MicroStrategy, shared a significant message on his X platform handle.

“Fix the Money. Fix the World”

Saylor posted an image depicting a world map largely in black, along with a drawing of a girl sitting on a swing under Africa. He tweeted, “Fix the Money. Fix the World,” suggesting that the current global issues stem from fiat money and governmental overreach in printing money. Saylor proposes that Bitcoin can remedy these problems and subsequently improve the world.

On July 30, he shared a more optimistic tweet referencing a CNBC report about the Bitcoin 2024 conference, where many companies pledged to purchase Bitcoin and add it to their balance sheets as a treasury asset. Although specific companies weren’t named, they are expected to follow MicroStrategy’s lead. Since August 2020, MicroStrategy has amassed an impressive 226,331 Bitcoin, totaling around $7.5 billion.

Goldman Sachs CEO Clarifies Bitcoin Stance

In related news, Goldman Sachs CEO David Solomon indicated that he recognizes Bitcoin as a potential store of value during a CNBC interview. However, he remains skeptical, calling BTC a speculative asset.

Bitcoin Struggles to Break Out

Over the past 24 hours, Bitcoin’s price dropped approximately 6%, falling below the $70,000 mark to $65,785, before experiencing a slight recovery to $66,320. This downturn resulted from the U.S. government’s selling of over $3 billion in Bitcoin confiscated from the Silk Road marketplace, which was founded by Ross Ulbricht in 2012 and ceased operations in 2013 after Ulbricht’s arrest.

This article was originally published on U.Today