Michael Saylor highlights Bitcoin's fixed supply of 21 million, emphasizing scarcity and value proposition.

From Investing.com

August 21, 2024 01:00:20 PM:

Michael Saylor’s tweet on Bitcoin Infinity Day, Aug. 21, highlights the cryptocurrency’s fixed supply of 21 million coins, emphasizing its scarcity and value proposition. The date’s significance lies in the representation of the infinity symbol (8) and the maximum Bitcoin supply (21).

Bitcoin derivatives market shows signs of a potential “short squeeze,” leading to a bullish reversal in BTC price, as noted by K33 Research. Concerns about U.S. government token sales and anticipation of Federal Reserve Chair Jerome Powell’s comments have impacted Bitcoin’s value, with BTC currently down 2.03% in the last 24 hours.

Read more at Investing.com: Michael Saylor Stuns Crypto Community With Bitcoin ’21 Million’ Statement By U.Today