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Michael Saylor Issues "Bitcoin Future" Tweet As BTC Holds at $60,000

source-logo  u.today 10 August 2024 11:53, UTC
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Michael Saylor, founder of the MicroStrategy giant, has taken to his account on the X platform (formerly known as Twitter) to publish a tweet about Bitcoin accompanied with a futuristic image.

Saylor comments Bitcoin price performance

The image is about the future and depicts an extraterrestrial landscape, such as the Moon or Mars.

Saylor tweeted: “Claim the future.” He published his tweet while the world’s flagship cryptocurrency, Bitcoin, continues to trade within the $60,000 price range after briefly reclaiming $62,000 on Friday. Many Bitcoiners place their hopes in $BTC, expecting it to become the global currency in the future or at the very least they hope to see $BTC soaring to $1 million in the near future.

Claim the Future. #Bitcoin pic.twitter.com/QxkHkCXSIc

— Michael Saylor⚡️ (@saylor) August 9, 2024

On Thursday, Bitcoin demonstrated an impressive 13.34% increase which extended to Friday as $BTC surged from $55,000 to the $62,400 price line.

Bitcoin recovers after Japanese crash

This week, Bitcoin finally stopped crashing and recovered after the 25% collapse caused by the Japanese stock market plunge. This drove down the stock markets around the world, including the one in the US. $BTC was pushed down heavily, which caused the massive crash of altcoins as well.

While the current Bitcoin price increase to $60,000 took place, spot ETFs have seen large inflows. The 10 exchange-traded funds saw net inflows of 4,698 $BTC worth $283.87 million. The largest inflows among those were welcomed by BlackRock’s IBIT – 2,641 $BTC valued at $159.57 million. Currently this spot Bitcoin ETF holds 347,608 $BTC in total. That is a staggering $21 billion.

Aug 9 Update:

10 #Bitcoin ETFs
NetFlow: +4,698 $BTC(+$283.87M)🟢#iShares inflows 2,641 $BTC($159.57M) and currently holds 347,608 $BTC($21B).

9 #Ethereum ETFs
NetFlow: -8,364 $ETH(-$21.72M)🔴#Grayscale outflows 13,682 $ETH($35.53M) and currently holds 1,934,651 $ETH($5.02B).… pic.twitter.com/Q1eryyZfm4

— Lookonchain (@lookonchain) August 9, 2024

BlackRock’s Bitcoin holdings now surpass those of MicroStrategy – 347,608 $BTC of BlackRock versus 226,500 Bitcoins held by Michael Saylor’s company. $21 billion versus $7.538 billion. MicroStrategy has been steadily accumulating $BTC since August 2020.

u.today