The founder and president of business intelligence giant MicroStrategy, Michael Saylor, has posted a new Bitcoin tweet, containing a warning for those looking for investment tools other than BTC.
The founder and president of business intelligence giant MicroStrategy, Michael Saylor, has posted a new Bitcoin tweet, containing a warning for those looking for investment tools other than BTC.
Saylor is a vocal Bitcoin evangelist who supported the idea of MicroStrategy implementing regular BTC purchases for the past four years. Now, he is promoting the world’s largest cryptocurrency on the X platform daily.
Saylor Issues ‘Indiana Jones Warning’ to Cryptocurrency Investors
On Friday, Saylor issued a warning similar to that uttered by the knight guarding the Holy Grail in the classic film “Indiana Jones and the Last Crusade”: “Choose wisely.”
Being a Bitcoin maximalist, Saylor hints that he believes BTC is the only cryptocurrency on the market. Unlike Max Keiser, he does not openly (and not as often) criticize altcoins and does not use the word “s-coin” when he talks about them. However, in a recent public statement, Saylor openly said that he believes that XRP, SOL, ADA, ETH and other altcoins are unregistered securities, so he agrees with the SEC’s stance.
Saylor said he hopes that very soon all altcoins will be officially labeled as securities and that then only those who own Bitcoin will win. So far, BTC is the only cryptocurrency that has been qualified by the SEC and CFTC as a commodity. Ethereum also has this status, however it recently appears to have been questioned by SEC leader Gary Gensler. The latter has recently started a real witch hunt against altcoins and American cryptocurrency exchanges to market them.
Bitcoin plummets 5%
Over the last 24 hours, the flagship cryptocurrency has lost almost 5% of its market price, declining from the $63,284 level to the $60,300 area on a huge red candle on an hourly chart under the pressure of a descending triangle pattern forming on the chart.
By now, the price has seen a marginal bounce of over 1% and BTC is changing hands near the $60,920 level.
Prominent cryptocurrency trader and analyst Michael van de Poppe tweeted yesterday that he expects Bitcoin to follow a scenario that can take BTC to a low of $55,000 – $52,000. This is likely to happen, he specified, if Bitcoin loses the range in which it is currently trading: $61,000-$60,000.
