Michael Saylor has reiterated his belief in Bitcoin’s ability to bring about financial independence.
Earlier today, Saylor tweeted “Bitcoin is Independence” with a picture of the American flag bearing the Bitcoin logo.
However, this statement comes at a time when the crypto market is experiencing a lot of volatility. This week, Bitcoin has dropped by 10% from $63,390 to $56,777. Additionally, the entire crypto market is seeing massive sell-offs as miners and long-term holders of Bitcoin reduce their positions.
Despite these market challenges, Micheal Saylor’s company, MicroStrategy has kept up its buying spree for Bitcoins. In June alone the company purchased 11,931 BTC worth nearly $786 million which was financed by convertible notes and excess cash.
Furthermore, the crypto space is actively talking about this price correction as certain investors are concerned with prices losing value while others argue that big buyers are buying into Bitcoin during the dip.
Saylor’s bullish sentiment contrasts with the overall market mood. Many people in the crypto space agreed with him on emphasizing Bitcoin for future financial freedom even as they passed through this present market volatility.
In Addition, MicroStrategy’s continued purchase of Bitcoin indicates their faith in its long-term value as an asset.
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