Michael Saylor of MicroStrategy has been a long-time supporter of Bitcoin. Despite market volatility, he has been pumping the king coin.
He just changed his Twitter profile picture and sent out an important message.
#Bitcoin is technology to gift humanity the right to property. #NewProfilePic pic.twitter.com/UvbcrPIVRo
— Michael Saylor⚡️ (@michael_saylor) August 16, 2021
Someone chimed in with, “So the next step is laser eyes powered by Lightning.” I’ve got it.”
He also recently posted a message about cash and short-term investments, which you can read here.
“Cash and short-term investments on corporate balance sheets globally are at an all-time high of $6.84 trillion.”
Corporations are swapping debt for cash with a large negative real yield. Over the long term, #Cash is a liability and #Bitcoin is an asset.https://t.co/pX2T63qvdv
— Michael Saylor⚡️ (@michael_saylor) August 17, 2021
A follower told Saylor, “It’s almost as if the entire economic system doesn’t work……shocking.” “They will invest in capital expansion,” some economists predicted. And it never came to pass. These corporations are like Smaug on his gold pile, doing nothing with it.”
Bitcoin represents a ray of hope for Canada.
This was another tweet Saylor sent out not long ago.
He tweeted about Bitcoin adoption and stated that the king coin represents hope for Canada.
#Bitcoin is hope for #Canada. https://t.co/vEpuLnq79p
— Michael Saylor⚡️ (@michael_saylor) August 15, 2021
Saylor’s comments section for this post is brimming with diverse viewpoints, and detractors have flocked to express theirs.
One of the most important goals that the crypto industry has set is mass adoption of Bitcoin and other cryptocurrencies.
Many steps have been taken in this direction, and more are being taken. All of this has been reflected in the price of BTC.
At the time of writing, BTC is trading in the red, and the king coin is worth $46,288.