From Investing.com: 2024-06-22 11:30:29

Bitcoin, the largest cryptocurrency, hits a one-month low at $63,300 amid a market downtrend and outflows from ETFs. While spot ETFs see a $106 million net outflow on June 21, Bitcoin remains relatively stable at $64,229.

Michael Saylor, MicroStrategy’s cofounder and a Bitcoin advocate, responds with humor. Saylor shares a meme on X featuring Cookie Monster “gulping down Bitcoins” with the caption “New logo,” showcasing his optimism amidst market volatility.

Saylor has been a vocal supporter of Bitcoin, investing in it to hedge against inflation. His humorous tweet serves as a reminder to focus on Bitcoin’s long-term potential despite short-term price fluctuations.

Read more at Investing.com: MicroStrategy’s Michael Saylor Reacts to Bitcoin Price Lull By U.Today