Michael Saylor, the man behind MicroStrategy, tweeted about Bitcoin with a sci-fi twist. He posted a futuristic space picture and wrote, “Claim the future.” BTC trades around $60,000 after hitting $62,000 on Friday. Many Bitcoin fans dream of it becoming the world’s central money or at least reaching $1 million soon.
Source: Michael Saylor, Tweet
BTC jumped 13.34% on Thursday and kept climbing Friday, going from $55,000 to $62,400. The price bounce follows a rough patch. Bitcoin crashed 25% last week when Japan’s stock market tumbled, dragging down markets worldwide. This fall hit Bitcoin hard and sent other cryptocurrencies tumbling, too.
As Bitcoin climbed back to $60,000, new BTC funds saw big money come in. Ten funds got 4,698 new Bitcoins worth $283.87 million. BlackRock’s IBIT fund led the pack, getting 2,641 Bitcoins worth $159.57 million. It now holds 347,608 Bitcoins, worth a whopping $21 billion.
BlackRock Overtakes MicroStrategy in Bitcoin Holdings
Now, BlackRock has a larger BTC holding than MicroStrategy. In comparison, MicroStrategy has 226,500 Bitcoins valued at $7.538 billion, while BlackRock holds 347,608 Bitcoins valued at $21 billion. In August 2020, MicroStrategy began purchasing Bitcoin, and it has done so ever since.
Saylor’s tweet comes at a critical moment for Bitcoin. The market is buzzing with activity as more big players jump in. His space-themed image hints at Bitcoin’s potential to reach new heights.
The recent price swings show how volatile BTC can be. It can drop fast when markets panic, but it can also bounce back quickly. This rollercoaster ride keeps investors on their toes.
Despite the ups and downs, BTC keeps attracting attention. Big companies like BlackRock are betting big on its future. Their massive holdings show they believe in Bitcoin’s long-term value.
As BTC fights to hold its ground above $60,000, all eyes are on what happens next. Will it push higher, or will we see another dip? One thing’s for sure – the BTC world is never dull.
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