Michael Saylor: 'Buying Bitcoin now at a 20% discount'
The BTC price has been moving sideways for months, nowhere near its record high in March.
The BTC price has been moving sideways for months, nowhere near its record high in March. What frustrates many crypto investors, however, makes well-known Bitcoin enthusiast Michael Saylor especially happy. View post on X, the co-founder and CEO of MicroStrategy points out that Bitcoin is currently on a 20 percent discount in the summer sale. Optimistically, he adds, "This sale ends soon," followed by a rocket emoji.
At the time of writing, the cryptocurrency stands at 60,815 dollars, meaning the BTC price is 2 percent higher than 24 hours ago. It is therefore still nearly 20 percent away from the record high of $73,750, something Saylor refers to in his X-post.
The American entrepreneur is known as an enthusiastic Bitcoin advocate. At the BTCPrague recently, he said he would even buy BTC for $950,000, also revealing his 21 rules for Bitcoin.
Saylor is not just stopping at words: after the latest purchase, his software company MicroStrategy now owns an impressive 226,331 BTC worth $13.44 billion, more than one percent of the total BTC volume.
The X-post shows that Saylor sees the current weak BTC price as a great opportunity to buy Bitcoin before the price rises again. More and more companies are using Bitcoin to diversify and are investing some of their reserves in the digital gold.
