Michael Saylor Issues Bitcoin Statement Amid Ongoing Crypto Market Turmoil
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Michael Saylor, Chairman of MicroStrategy business intelligence firm, dropped his usual post on X. The message reflects Saylor’s bullish disposition to Bitcoin (BTC) regardless of market dynamics. As the current price rapidly declines, Saylor has ignored the gloom and issued a notable message to Bitcoin investors. Resilience in face of volatility Saylor issued a four-word statement: “Wear a Hard Hat.” The Bitcoin enthusiast attached an image of himself in an orange hard hat, inscribed with Bitcoin and a vest. Behind him are screens of market activities as traders stare at what might be an ongoing gloomy market run. Related Despite the tense atmosphere, Saylor maintains that investors must wear a hard hat as the market suffers, which could be a momentary crash. Notably, workers stay safe on a construction site by wearing a hard hat to protect themselves from crashing objects. Saylor appears to have the same advice for Bitcoin investors to protect themselves. Analysts suggest that investors could use stop-loss orders, hedge with derivatives or monitor market sentiments in a crashing market. However, the Bitcoin advocate would rather stay calm and stick to his Bitcoin accumulation plan for Saylor. MicroStrategy’s continued Bitcoin strategy As reported by U.Today, Saylor continues to stick to his massive accumulation strategy on Bitcoin regardless of price. When Bitcoin hit $100,700 after suffering…
