MicroStrategy CEO Michael Saylor promotes Bitcoin as safe haven during market turmoil

From Investing.com

October 10, 2024 04:00 PM:

MicroStrategy CEO Michael Saylor continues his bullish stance on Bitcoin with an epic social media post, depicting himself as a firefighter with the BTC logo battling market turmoil. The crypto market recently lost $24 billion in capitalization amid worsening macroeconomic conditions with inflation rising faster than expected despite Fed rate cuts.

Despite the ongoing recession, market participants expect continued monetary easing. Saylor positions Bitcoin as a safe haven in the market firestorm, emphasizing its value in times of economic uncertainty. The CEO’s support for BTC remains unwavering, regardless of market conditions.

Read more at Investing.com.: MicroStrategy’s Saylor Battles Market Fire With Epic Post By U.Today