Michael Saylor, the co-creator and currently executive chairman of MicroStrategy business intelligence firm, has taken to his account on the social media network X (formerly known as Twitter) to send a mysterious Bitcoin message to his millions of followers.
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"Sons of Bitcoin"
Bitcoin evangelist Saylor published an AI-generated image of himself with the orange and white symbol of Bitcoin over his face. This picture very much resembles the famous art work by René Magritte called "The Son of Man."
Similarly to that painting, Saylor is wearing a suit, dark coat and bowler hat, but instead of an apple, his face is obscured by the Bitcoin sign. “We are The Sons of #Bitcoin,” Michael Saylor tweeted.
We are The Sons of #Bitcoin pic.twitter.com/nJtnNxCmed
— Michael Saylor⚡️ (@saylor) December 11, 2024
The Bitcoin community responded with a wave of enthusiastic comments, supporting Saylor and his bullish BTC stance.
Over the past 24 hours, the world’s largest cryptocurrency in terms of market capitalization, Bitcoin, has managed to recover by roughly 4.65% and is now changing hands at $98,650 after falling to $94,200 on Tuesday.
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Whales rushing to buy Bitcoin
While Bitcoin went down to the $94,200 zone yesterday, FUD (fear, uncertainty, doubt) started circulating the market, according to Santiment, with some predicting that BTC might soon fall back as low as $89,000 or even $80,000.
However, on-chain data aggregator Santiment believes that prices often go contrary to the crowd’s expectations. Therefore, “fear is generally necessary for prices to rebound.”
#Bitcoin whales are buying every dip! In fact, 342 wallets with over 100 $BTC were created as prices dropped from $104,000 to $90,000. pic.twitter.com/cMJRnshOAt
— Ali (@ali_charts) December 11, 2024
In the meantime, according to data revealed by cryptocurrency analyst and trader Ali Martinez, whales have been actively buying the recent Bitcoin dip. While the price slumped from $104,000 to the $90,000 zone briefly, 342 new wallets holding at least 100 Bitcoins were set up.
