Bitcoin
MicroStrategy’s Michael Saylor Makes Bitcoin ‘Satoshi’ Claim: Details by U.Today
U.Today – Michael Saylor, president of MicroStrategy and a prominent Bitcoin advocate, recently made a compelling statement about Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
In a tweet, Saylor invoked the spirit of Satoshi, declaring that “Satoshi started a fire in cyberspace.”
Metaphorically speaking, Saylor describes Satoshi’s creation of Bitcoin as the start of a “fire in cyberspace”, highlighting the revolutionary impact of this digital asset on the world.
Satoshi Nakamoto, whose true identity remains a mystery, released the Bitcoin whitepaper in 2008 and mined the first block of the Bitcoin blockchain in 2009.
Satoshi’s vision was to create a decentralized, peer-to-peer electronic money system that operated independently of central authorities. This vision has since evolved into a global phenomenon, with Bitcoin leading the cryptocurrency revolution.
The “fire” Saylor refers to could mean the spark of innovation that sparked a global movement toward decentralized finance. Satoshi’s creation of Bitcoin undoubtedly unleashed a transformative force in the digital world, reshaping the way we think about money, value and decentralization.
Bitcoin Price Action
Bitcoin last week rose to within 2.5% of the all-time high of $73,798 set in mid-March, fueled by growing demand for exchange-traded funds (ETFs). At the time of writing, Bitcoin is trading at $69,711, up nearly 161% annually.
This year’s boom accelerated after the Securities and Exchange Commission allowed ETFs that invest directly in Bitcoin in January. In May, the regulator took a step towards authorizing comparable spot ETFs.
As Bitcoin assesses its next price move, Ali, a crypto analyst, noted that it is anchored at a strong support zone between $69,380 and $67,350. This is where 1.97 million addresses purchased 964,000 BTC, and maintaining this level could be crucial for BTC to sustain its upward momentum.
On an optimistic note, Ali reported that approximately 22,647 BTC, worth over $1.57 billion, were recently withdrawn from cryptocurrency exchanges.