Michael Saylor praises Bitcoin creator Satoshi Nakamoto, Bitcoin price near all-time high.

From Investing.com: 2024-06-09 14:30:19

Michael Saylor praises Bitcoin creator Satoshi Nakamoto, describing the creation of Bitcoin as starting a “fire in cyberspace.” Satoshi’s vision for a decentralized peer-to-peer electronic cash system has revolutionized the digital world, sparking a global movement toward decentralized finance.

Bitcoin price approaches all-time high, reaching $69,711 with a yearly increase of almost 161%. Rising demand for ETFs and regulatory developments have fueled this year’s boom, with a strong support zone between $69,380 and $67,350 crucial for sustaining upward momentum.

A significant withdrawal of 22,647 BTC, valued at over $1.57 billion, from crypto exchanges adds to the bullish sentiment surrounding Bitcoin. This move suggests growing investor confidence in the long-term potential of the cryptocurrency market.

Read more at Investing.com: MicroStrategy’s Michael Saylor Makes Bitcoin ‘Satoshi’ Statement: Details By U.Today