Michael Saylor: Bitcoin is entering the "spring" warming phase, and the market will welcome a rebound
Strategy founder Michael Saylor stated in an interview with CNBC that Bitcoin has previously fallen from a high of about $125,000 to around $60,000, hitting a bottom, and is currently entering a "spring" warming phase. The current position has good support, and he expects the market to rebound from the current level.
He also pointed out that as the digital credit market forms, the new Bitcoin supply from miners is being fully absorbed by the market. He stated, "Our company may buy all the Bitcoin produced by miners from now until 2140."
In addition, Saylor mentioned that the advancement of the U.S. CLARITY Act and the SEC's "innovation exemption" policy for tokenization of securities could become significant positives for the digital asset market.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Bitcoin Block Reorganization at 966500, AntPool Chain Selected

Cryptocurrencies in Decline: How to Secure Digital Assets for Loved Ones?

BitPlanet Installs 1,204 Bitcoin Miners in Paraguay and Oman

Major Global Banks Launch Their Own Stablecoins to Compete with Tether and Circle

Nubank Planned to Enter Argentina but Failed in Two Attempts

Nomic Issues 40.650602 nBTC Without Collateral, Osmosis allBTC Collateral Ratio Drops to 63.97%

Underground banker converts 102,500 euros of drug money to bitcoin

US DOJ restrains $52M in crypto with Tether’s help

Bitcoin Suisse Cuts Nearly Half of Its Workforce in Switzerland, Affecting 60 Employees

India, Russia discuss CBDC payments as bilateral trade nears $60 billion

Tightened Tax Control for Cryptocurrency Owners in Bulgaria

The Smarter Web Company Plans to Issue MORE Preferred Shares, Aiming to Raise £15 Million to £25 Million

AI Reduces Quantum Attack Costs on Bitcoin by 86%

Zcash Mining Profitability Exceeds Bitcoin, Hashrate Grows Over 2.5 Times This Year

Robinhood's Cryptocurrency Trading Volume Increased by 61% in August to $17.5 Billion, with Bitstamp Contributing $10.1 Billion

US Treasury's $5 billion buyback of 10-year bonds fails to halt their sell-off

Planned Financial Crisis: the new global monetary architecture of the dollar

Crypto never closes, but Bitcoin, Ethereum, XRP and Solana now move on Wall Street time

Bitcoin Finance: The New Institutional Custodian is the Code

Iran Eases Currency Controls and Expands Cryptocurrency Use for Trade

Metaplanet Cancels 41% of Series 10 Warrants Shares

Bitcoin Surge: Possibility of Long-Term Accumulation by a Few Whales

Metaplanet Establishes Wholly-Owned Subsidiary to Expand Bitcoin Asset Management Business in Asia

Debate over BTC's July drop to 58000 as cycle bottom

Eric Crown claims 99.9% of altcoins are worthless, questions BTC dominance

Bitcoin may lead downturn in risk assets, says Bloomberg analyst

Albuquerque City Bans Bitcoin ATMs, Operators Must Remove Equipment Within 45 Days

Bitcoin Accounts for 42.67% of Second Purchases on Paybis

XRP ETF Attracts $12.3 Million in Capital, but Analysis Indicates Limited Demand










