Trump and the United States' support for cryptocurrencies is another major factor.
Sailor stated that there are sufficient confirmations in the broader economy to support his bearish outlook on this asset. He added: "We have all the necessary evidence to determine that."
Markets, MicroStrategy, Michael Saylor The strategy holds 582,000 Bitcoin at the time of publication: Source: Saylor Tracker President Donald Trump of the United States expressed support for Bitcoin, backed by U.S. Treasury Secretary Scott P. Basset and Securities and Exchange Commission Chairman Paul Atkins, noting that traditional banks are also preparing to offer Bitcoin custody services.
Saylor said, "Bitcoin has surpassed its most dangerous times, and the accounting has been corrected."
Michael Saylor's strategy increases his bet on Bitcoin by issuing shares worth a billion dollars. While Trump publicly supported Bitcoin, the tariffs he imposed in February were widely seen as the main catalyst behind Bitcoin's 40% drop from its January high of $109,000.
Saylor also pointed out that BlackRock and other Bitcoin ETF providers are buying Bitcoin daily, along with countries entering this space. On May 28, Bilal bin Thaqib, the head of Pakistan's cryptocurrency council, announced that the country is moving towards creating a strategic reserve of Bitcoin.
JAN3 founder Samson Moe recently told Cointelegraph magazine that the U.S. risks being "ahead of Pakistan" in accumulating bitcoin if it doesn't start acquiring bitcoin for its strategic bitcoin reserve, which Trump created in March.
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Trump and the United States' support for cryptocurrencies is another major factor.
Sailor stated that there are sufficient confirmations in the broader economy to support his bearish outlook on this asset. He added: "We have all the necessary evidence to determine that."
Markets, MicroStrategy, Michael Saylor
The strategy holds 582,000 Bitcoin at the time of publication: Source: Saylor Tracker
President Donald Trump of the United States expressed support for Bitcoin, backed by U.S. Treasury Secretary Scott P. Basset and Securities and Exchange Commission Chairman Paul Atkins, noting that traditional banks are also preparing to offer Bitcoin custody services.
Saylor said, "Bitcoin has surpassed its most dangerous times, and the accounting has been corrected."
Michael Saylor's strategy increases his bet on Bitcoin by issuing shares worth a billion dollars.
While Trump publicly supported Bitcoin, the tariffs he imposed in February were widely seen as the main catalyst behind Bitcoin's 40% drop from its January high of $109,000.
Saylor also pointed out that BlackRock and other Bitcoin ETF providers are buying Bitcoin daily, along with countries entering this space. On May 28, Bilal bin Thaqib, the head of Pakistan's cryptocurrency council, announced that the country is moving towards creating a strategic reserve of Bitcoin.
JAN3 founder Samson Moe recently told Cointelegraph magazine that the U.S. risks being "ahead of Pakistan" in accumulating bitcoin if it doesn't start acquiring bitcoin for its strategic bitcoin reserve, which Trump created in March.