- Michael Saylor posts Bitcoin tracker again.
- This ignites discussions over the possibility of Strategy announcing another BTC purchase.
- Saylor has pulled this move before, so a BTC buy announcement can follow tomorrow.
Michael Saylor posts Bitcoin Tracker again, leading to speculation over Strategy possibly announcing another BTC purchase tomorrow. This is because Michael Saylor has played this card before, when he posts the Bitcoin Tracker on his social account, which is soon followed by an official Strategy purchase int he next day. As always, Michael Saylor and Strategy continue to be the biggest BTC advocates in the market.
Michael Saylor Posts Bitcoin Tracker Again
Strategy and Michael Saylor have led the Bitcoin banner this bull cycle. It seems the philosophy of Bitcoin continues to fuel their BTC accumulation goals. A similar move has taken place across several financial institutions that have been relentlessly accumulating Bitcoin over the last year, and some, even before the bull cycle began. While Saylor and Strategy seem to be leading the charge this bull cycle, BlackRock is soon catching up.
However, neither of these entities is anywhere close to El Salvador, the nation that began the accumulation race in the first place. In 2020, the President of El Salvador, Nayib Bukele, officially announced that Bitcoin would be a legal tender in the nation. This led to mass accumulation by the government and even distribution of BTC to its citizens. Before BTC pumped last bull cycle, El Salvador was mining BTC with the geothermal power of its volcanoes.
Since then, El Salvador has used its Bitcoin profits to heavily improve the lives of its citizens, earning Bukele another term as the President of El Salvador. Even now, despite efforts by the International Monetary Fund (IMF) to reduce El Salvador’s BTC accumulation, the nation continues to quietly buy and hold BTC. With more institutions and nations having joined the race, it is imperative for leading parties to continue their BTC accumulation efforts.
Stategy Could Announce Another BTC Purchase Tomorrow
This is exactly what Michael Saylor and Strategy are doing now. Saylor has adamantly encouraged several other reputed players to accumulate Bitcoin, as he is certain the limited resource will someday enter a supply shock, making it even more valuable than it is now. He expects the price of BTC to hit $1 million in the coming years, not so far from now. Since Trump declared to make the US the crypto capital of the world, Saylor has encouraged the US government to hold about 20% of the total BTC supply.
However, the US has yet to really join the BTC accumulation race, despite the official announcement of a Strategic US Crypto Reserve . Saylor has also urged Microsoft to start accumulating BTC, which Microsoft has yet to do. All in all, Saylor and Strategy continue to lead by example, encouraging entities and the masses to accumulate BTC. How much BTC will Strategy buy following Saylor’s latest Bitcoin Tracker post?
