According to U.Today, Michael Saylor, the former CEO of MicroStrategy, recently gave a speech at the BTC Prague event, where he offered some critical advice to Bitcoin enthusiasts. Saylor's speech, titled '21 rules of Bitcoin', included key points such as the importance of continuous learning about Bitcoin and its accessibility to everyone. Saylor strongly advised against selling Bitcoin, likening it to life and energy that should be conserved.
In other cryptocurrency news, Shiba Inu tokens experienced a significant surge in their burn rate within the last 24 hours. The Shibburn tracking platform reported that over 12 million SHIB were transferred to dead-end wallets by the SHIB community, resulting in a burn rate increase of 12,842.37%. This occurred despite a recent drop in the SHIB price. However, the meme token has since seen a slight recovery, with a 2.86% increase in the past 24 hours.
Meanwhile, Cardano's trading volume spiked by 162%, reaching $574.9 million, despite a $435 million market downturn. This increase in trading volume could be due to a variety of factors, including investor positioning and increased volatility. Recent reports suggest that Cardano has gained popularity among institutional investors, which could also contribute to the rise in trading volumes. At the time of writing, ADA is trading at $0.384, up 3.18% over the past 24 hours.
