Michael Saylor’s ‘Ride or Die’ Bitcoin Message as BTC Reclaims $58,000

Michael Saylor, Bitcoin bull and co-founder of business intelligence giant MicroStrategy, has released a message aimed at BTC holders around the world and those who may be in doubt about whether or not to bet on the world’s leading cryptocurrency.

Saylor posted a tweet that read, “Ride or Die. #Bitcoin.” The artificial intelligence-generated image shows Saylor as a biker on a motorcycle. This tweet seems to encourage the market to jump on the Bitcoin bandwagon while the price is still affordable.

This tweet was published after the largest cryptocurrency managed to recover some of its recent losses, gaining 2.19% in the last 24 hours. Bitcoin is now trading at $58,470 after recovering from the $57,280 zone.

Over the past week, Bitcoin has seen a huge decline, peaking at minus 11.32% on Sunday as BTC plummeted from $64,540 to hit the $58,470 zone.

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In a recent tweet last week, Saylor admitted that he was becoming “more optimistic every day.” These posts, with images and short Bitcoin slogans, have become a regular occurrence, with Saylor posting them daily. In August, Saylor’s company, MicroStrategy, held a total of 226,500 Bitcoins, worth about $7.538 billion.

MicroStrategy has been buying bitcoins regularly since August 2020, when Saylor, the company’s then-CEO, was looking for new strategies to increase the company’s profits, taking advantage of large amounts of cash on the balance sheet.