Michael Saylor Remains Bullish on BTC Despite Its Depressing Performance. Are You Buying the Dip?

Michael Saylor Remains Bullish on BTC Despite Its Depressing Performance. Are You Buying the Dip?
  • Bitcoin continues to disappoint the bullish market 
  • Saylor is certain about Bitcoin’s potential
  • Vitalik Buterin urges the masses to adopt cryptocurrencies. 

Bitcoin continues to feel the bearish market pressure, with its current standing below $23k. In the past few days, BTC surprised investors with its price pump, which soared to almost $25k per coin. However, this price surge did not stay for long, making BTC plummet its price to nearly $20k. 

Despite the depressing price performance of Bitcoin, Michael Saylor, a Bitcoin maximalist, stay bullish on the crypto. He tweeted:

As we can see in the tweet above, Saylor is sure about Bitcoin’s potential. Unfortunately, it did not specify clearly what kind of potential Saylor is about: It may be the crypto’s technology, the price, or both. However, Saylor’s sentiment towards Bitcoin cannot hide the market’s current situation.

In detail, the whole cryptocurrency market capitalization recorded a low price of -1.8% in the past 24 hours. This performance of the market accumulated an amount of $ 1 trillion, where Bitcoin contributes 40% of it. 

Despite the depressing performance of the market, some crypto networks continue to establish their marketing reach. Recently, Binance’s CEO had a talk with Busan’s city mayor to push the mass adoption of cryptocurrency.

In other news, Vitalik Buterin Urges Masses to Embrace Crypto Payments. He highlights how crypto payments can help prevent censorship resistance. But, more importantly, he says crypto payments are simply much more convenient than any other forms of payment available to the public.

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.