Michael Saylor, co-founder and chairman of MicroStrategy, has reaffirmed his optimistic stance on Bitcoin despite current market stagnation.
In a recent tweet, Saylor declared, “Bitcoin expands your universe,” signaling his continued faith in the cryptocurrency’s potential.
Saylor’s statement comes at a time when Bitcoin trading activity has reached a notable low. According to CoinMarketCap, daily trading volumes have dropped to just 37% in the last 24 hours.
This percentage is down compared to trading activity earlier this year when the launch of the first U.S. spot Bitcoin ETFs drove the cryptocurrency to an all-time high of $73,798 in March. However, demand and pricing have since cooled, with Bitcoin currently trading at $61,400.
Despite the slowdown, recent on-chain data suggests potential accumulation. Over 20,200 BTC, worth approximately $1.23 billion, were sent to accumulation addresses in a single day, hinting at possible dip-buying behaviour.
Saylor’s constant optimism, even in the face of reduced market activity, continues to influence the crypto community.
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