Bitcoin price aims for $60,000 as MicroStrategy chairman Saylor expresses optimism

From Investing.com, August 12, 2024 5:00:24 pm:

MicroStrategy’s chairman, Michael Saylor, expresses optimism on Bitcoin’s future as BTC aims for $60,000 amidst market volatility. Saylor’s social media post with the message “Unlock your future. #Bitcoin” has stirred excitement among crypto enthusiasts, leading to positive forecasts for BTC’s upward trajectory.

Bitcoin shows strong performance, up 9.75% to $58,118 with a 3.8% daily decline but 86% increase in trading volume at $31 billion. Investors’ optimism could propel Bitcoin back to $60,000 sooner than anticipated. Many believe achieving this milestone will be relatively easy due to past instances of BTC surpassing this level.

MicroStrategy’s strategic move to invest in Bitcoin is proving successful, with the company outperforming 499 out of 500 S&P 500 stocks. Chairman Saylor’s unwavering faith in Bitcoin as a store of value and future currency is reinforced by Morgan Stanley’s decision to facilitate Bitcoin sales. The progress highlights the potential of Bitcoin as a lucrative asset for the future.

Read more at Investing.com: Michael Saylor Issues Bitcoin Statement as Price Eyes $60,000 By U.Today