Michael Saylor, former CEO of MicroStraregy, stepped up His social media game was played by leveraging the X platform to declare that Bitcoin was “winning.”
This confident social media statement comes as Bitcoin's price continues to rise.
According to data from CoinGecko, major cryptocurrencies rose 2.3% in the past 24 hours. The flagship cryptocurrency managed to recover to the $64,000 level. It is trading at $64,101 on the Binance exchange.
As reported by U.Today, the leading cryptocurrency is prone to increased volatility due to the release of important macroeconomic data, including the Consumer Price Index (CPI) rate for September.
Can Bitcoin really win?
Bitcoin is up 52.6% year-on-year.
However, the cryptocurrency is still down 13% from its all-time high.
Bitcoiners have recently come under fire from gold bugs, including arch-rival Peter Schiff, as the shiny metal began to effortlessly climb to new highs while appearing to leave its digital rivals behind. Ta.
Bitcoin has been on a winning streak recently following a bigger-than-expected interest rate cut by the Federal Reserve.
However, it remains to be seen whether Bitcoin will actually be able to regain the all-time highs achieved in early 2024 thanks to the ETF-driven market boom.
It is worth noting that MicroStrategy, which is treated as a proxy for Bitcoin due to its huge holdings, has significantly outperformed the major cryptocurrencies. In fact, the company's stock price has increased an astounding 199% year-to-date.
As reported by U.Today, the company announced another huge Bitcoin purchase in late September.
