According to U.Today, Michael Saylor, cofounder of MicroStrategy and a prominent Bitcoin advocate, recently made a significant statement on the X platform. Saylor shared an image depicting a world map with most continents marked in black and a girl on a swing under Africa, also in black. The image was accompanied by the caption, 'Fix the Money. Fix the World,' suggesting that the current global issues stem from the use of fiat money and the ability of governments to print unlimited amounts of it. Saylor implies that Bitcoin could be the solution to these problems, potentially fixing the world by fixing the money system.
On July 30, Saylor posted another tweet referencing a CNBC news message about the Bitcoin 2024 conference. He noted that many companies have committed to purchasing Bitcoin and adding it to their balance sheets as a strategic treasury asset, following MicroStrategy's example. Since August 2020, MicroStrategy has been acquiring Bitcoin and currently holds 226,331 BTC, valued at approximately $7.5 billion.
In related news, Goldman Sachs CEO David Solomon recently clarified his stance on Bitcoin. During an interview with CNBC's Squawk Box team at the Olympics in Paris, Solomon acknowledged that Bitcoin might have a store-of-value case but still considers it a speculative asset overall.
Meanwhile, Bitcoin has experienced significant volatility. Over the past 24 hours, the cryptocurrency saw a 6% decline, dropping below the $70,000 mark to $65,785. This drop was followed by a slight recovery, with Bitcoin currently trading at $66,320. The decline was attributed to the U.S. government moving over $3 billion worth of Bitcoin confiscated from the Silk Road illegal online marketplace, which was founded by Ross Ulbricht in 2012 and shut down a year later. Ulbricht is now serving two consecutive life sentences in prison.
