Music superstar Drake has more than 146 million followers on Instagram, and on Tuesday, those fans received an education on Bitcoin from MicroStrategy co-founder Michael Saylor.
The clip is Excerpt from interview Saylor appeared with CNBC’s Andrew Ross Sorkin yesterday.
Drake’s caption read, “Michael Saylor talks about Bitcoin.”
Drake, who is known to be a fan of Bitcoin, posted an image of a 2022 diamond-encrusted Ledger hardware wallet on his Instagram account. The Canadian rapper took home $381,000 in Bitcoin after betting on the Los Angeles Rams to beat the Cincinnati Bengals in the Super Bowl. LVI earlier that year.
While other celebrities have endorsed crypto companies such as FTX and Crypto.com, Drake appears to be focusing on the number one digital asset by market capitalization.
“It doesn’t have to be currency,” Saylor said in the video. “No one wants to use part of a building on Fifth Avenue to buy coffee.”
A longtime supporter of Bitcoin, Saylor led MicroStrategy and amassed a significant trove of 205,000 Bitcoins worth approximately $14.6 billion.
“You’re buying it to preserve it for 100 years. That drop from $66,000 to $16,000 was a shock to tourists,” Saylor told CNBC on Monday.
On Monday, Bitcoin surpassed an all-time high of $71,000 before reversing silver before rising again.
Bitcoin rose another 2.75% on Tuesday to an all-time high of $72,953, following a week of volatility in which the digital asset’s price soared, tumbled, then spiked again. has been updated. Part of this rally is due to a Bitcoin ETF approved by the U.S. Securities and Exchange Commission earlier this year and companies such as BlackRock, Franklin Templeton, Bitwise and VanEck collecting millions of dollars in Bitcoin. by.
