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Michael Saylor Supports Bitcoin Recovery With Epic “Orange Pill” “Matrix” Statement

Published 10/09/2024, 14:44
Updated 10/09/2024, 18:15
© Reuters Michael Saylor Supports Bitcoin Recovery With Epic “Orange Pill” “Matrix” Statement
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U.Today - Vocal Bitcoiner and cofounder of MicroStrategy juggernaut Michael Saylor has taken to his account on the X social media platform (formerly popular as Twitter) to send a crucial message to his millions of followers.

Epic "Matrix" and "Orange pill" message from Saylor

This message came after the world’s largest cryptocurrency in terms of market capitalization, Bitcoin, finally managed to recover by more than 5% - BTC surged from $54,600 to $57,520 in less than 24 hours, adding almost $3,000 USD.

By now, however, Bitcoin has dropped after showing some more volatility. At the time of this writing, BTC is changing hands at $56,870.

Saylor reacted to that, publishing an AI-generated image of himself. This image is a clear reference to the classic movie by the Wachowskis – “The Matrix.” Saylor picked the look of Morpheus, who makes Neo choose between the red and blue pills. However, Michael Saylor’s tweet says: "Take the orange pill."

“Orange pill” is a common reference to Bitcoin since it refers to BTC’s original orange color.

Bitcoin to $13 million in 21 years: Saylor

On Monday, Saylor sent ripples through the Bitcoin community as he stated on CNBC’s Squawk Box show that he expects BTC to skyrocket to a whopping $13 million per coin in 21 years.

Saylor said that, currently, Bitcoin contains 0.1% of all global money, but the MicroStrategy executive chairman believes that the digital gold is likely to absorb 7% of this money mass, mostly from the market value of gold.

NBA legend Scottie Pippen published an ironic response, asking if Bitcoin creator Satoshi Nakamoto had come to Saylor in his dream to tell him this valuable information. Earlier this month, Pippen tweeted that Satoshi told him in his dream that on Nov. 5, BTC would reach a staggering price level of $84,650.

Dogecoin founder Billy Markus sarcastically commented that he expects Bitcoin to “rise to 100 billion trillion quadrillion.”

$850 million in Bitcoin offloaded on market

According to a tweet published by popular crypto analyst Ali Martinez, today, short-term traders unloaded 14,816 BTC. This amount of Bitcoin was valued at almost $850 million at the time of selling.

Martinez published a chart by on-chain data aggregator CryptoQuant.

This content was originally published on U.Today

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