Bitcoin lover Michael Saylor has a meaningful message ahead of the halving
Michael Saylor, the chairman of MicroStrategy, who has been consistently bullish on Bitcoin, has shared a meaningful message about Bitcoin that has caught my attention. "You can't say you don't see what you don't see," he wrote on X (formerly Twitter) on Friday (local time). Michael Saylor is a prominent Bitcoin advocate and has been investing in the cryptocurrency ever since. He believes that Bitcoin will continue to act as the gold of the digital economy, and expects it to continue to rise. In response, MicroStrategy raised $500 million (about $69.5 billion) in a convertible bond offering on March 13 (local time) to further invest in Bitcoin.
As one of the most prominent Bitcoin bulls in the world, Michael Saylor's message has been interpreted in a variety of ways. Michael Saylor has a history of making statements and then not responding to questions about them. His comments have also increased interest in the Bitcoin halving, which is expected to happen this week. Michael Saylor has previously claimed that the halving will increase the price of Bitcoin. Halving is an event that occurs every four years or so where Bitcoin mining rewards are halved, halving the amount of Bitcoin available to the market. Michael Saylor theorizes that this will create buying pressure on spot Bitcoin ETFs, which will drive the price up.
Meanwhile, BitcoinSense, which counts Bitcoin halving, estimates that there are about 2 days and 10 hours of average mining time left until the 2024 halving.
