Michael Saylor’s Words Rally the Bitcoin Community
  • Micheal Saylor’s words rally the Bitcoin and crypto community. 
  • He reminds the community that Bitcoin is a scarcity while other assets are a commodity. 
  • Many hodlers have begun to take their assets off of exchanges.

As Bitcoin (BTC) staggers at a value below $40,000, the crypto community is witnessing either strife and FUD or is clinging to their bullish Bitcoin narrative now more than ever. 

For instance, the Bitcoin Magazine Twitter page posted a quote from one of the biggest Bitcoin believers within the industry — Micahel Saylor. No doubt, the CEO of MicroStrategy has time and again proven his faith in the crypto asset. 

To highlight, Saylor presently owns hundreds of millions in Bitcoin value. In fact, he has repeatedly bought BTC dips to build his Bitcoin collection over the last year or so. What’s more, he says he will not sell his Bitcoin. 

The CEO has also been very vocal about why he believes in Bitcoin. He says it is the truest form to attain ‘true financial freedom’. As we can see from the tweet, many others hold his view as well and push for mass education about crypto and Bitcoin. This way, more of the general population can join the revolution. 

As Saylor says in the tweet “Bitcoin is a scarcity. Everything else is a commodity”. More replies to the tweet support this argument. In particular, one comment points out how every other resource can be found, grown, or created; but not Bitcoin. 

In light of the Russia-Ukraine war, many are using Bitcoin, Ethereum, and other crypto tokens to support Ukraine. This is an incredible show of solidarity. More so, it is a move that could only be done with crypto. 

After all, crypto is the safest bet here considering it cannot be controlled or blocked by any intermediary. For instance, banks can hold or freeze one’s assets but peer-to-peer (P2P) crypto transactions are free and unmonitored. 

However, crypto exchanges still pose an issue. Crypto assets on such exchanges can be frozen or held. Thus, many crypto holders are making the decision to move their crypto assets off of exchanges. 

For example, Lark Davis draws light to three huge BTC transactions. In detail, thousands of BTC worth over a billion were moved from Coinbase to unknown wallets. Perhaps, we may see a new surge in the price of Bitcoin soon. Specifically, one comment suggests more crypto education will eliminate FUD and rapidly elevate the value of Bitcoin. 

Disclaimer Read More

Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.