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U.As we speak – American businessman and MicroStrategy CEO Michael Saylor, recognized for his radically bullish stance on main cryptocurrency (BTC), has unleashed an epic new put up on his social media accounts. It must be famous that Saylor frequently shakes up the data discipline together with his viral, unconventional statements on Bitcoin, typically accompanied by some nonstandard picture.
The latest interval was no exception, when the cryptocurrency market was underneath hearth attributable to unsatisfactory macroeconomic information. The businessman actually portrayed himself as a firefighter in uniform, with the BTC emblem placing out the fireplace. This epic work of synthetic intelligence was a corporations by a “Bitcoin to the rescue” caption.
Bitcoin vs. recession?
It’s nonetheless value understanding which hearth Michael Saylor is placing out – the one which wiped $24 billion off the crypto market’s capitalization in a matter of hours, or the one presently burning up the U.S. economic system. However they’re all items of the identical puzzle, with inflation rising sooner than anticipated regardless of the Fed’s latest 50 bps price lower.
Nonetheless, what is going on within the economic system, which is clearly in recession, just isn’t essentially the identical as what market members are seeing, they usually appear to be anticipating financial easing to proceed.
In that case, you can say that Saylor is selecting the correct facet, selling Bitcoin as a protected haven in a time of market conflagration. Nonetheless, there may be little doubt that the businessman would have chosen BTC in every other state of affairs as effectively.
This text was initially revealed on U.As we speak