From Investing.com: 2024-05-15 15:00:26

MicroStrategy Chairman Michael Saylor reacts to Bitcoin’s rise after CPI data release. Bitcoin trades at $64,222, up 3.98% in 24 hours. The U.S. CPI data shows a 3.4% drop, aligning with analysts’ expectations. Traders anticipate faster rate cuts, with the Fed expected to decrease borrowing costs in September and December. Saylor forecasts U.S. pension funds will need Bitcoin. Increased buying activity during recent dip shows strong support, potentially leading to a price rally. Volatility remains inherent in the crypto market.

Read more at Investing.com: Michael Saylor Reacts as Bitcoin Price Reboots on CPI News By U.Today