According to U.Today, Michael Saylor, cofounder of MicroStrategy and a vocal Bitcoin advocate, recently took to his X platform account to express his bullish stance on Bitcoin. His tweet, which featured an image of Homer Simpson being bullish on Bitcoin, garnered significant attention from the community. Saylor's statement comes as Bitcoin trades around the $64,200 mark, following a decline from $65,800, representing a 3.53% drop. This dip occurred after Bitcoin experienced a notable price surge of nearly 16% between July 12 and July 17, rising from $56,880 to $65,910.

In related news, a poll conducted on Reddit among Mt. Gox creditors revealed their plans regarding the Bitcoin they received as compensation from the defunct exchange. Out of over 460 participants, 260 indicated they do not plan to sell any of their Bitcoin. Sixty-eight respondents intend to sell between 1% and 25% of their holdings, while eighty-eight plan to sell all of their recovered Bitcoin. Samson Mow, CEO of Jan3 and a Bitcoin maximalist, believes that no more than 20% of the $6 billion worth of Bitcoin sent by Mt. Gox for compensation will enter the market, with the majority being stored in cold wallets for long-term holding.