Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, June 16
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Michael Saylor Stuns Crypto Community With Bitcoin ’21 Million’ Statement
    Bitcoin

    Michael Saylor Stuns Crypto Community With Bitcoin ’21 Million’ Statement

    August 21, 20243 Mins Read


    Michael Saylor Stuns Crypto Community With Bitcoin '21 Million' Statement
    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, cofounder and chairman of MicroStrategy, has made a statement alluding to Bitcoin that has resonated with the crypto community. In a tweet, Saylor wrote, “Imagine everything, divided by 21 million,” accompanied by a GIF image in commemoration of Bitcoin Infinity Day, which is held on Aug. 21.

    Bitcoin Infinity Day being celebrated today holds special significance for Bitcoin enthusiasts and serves as a reminder of the finite supply of Bitcoin.

    The date Aug. 21 can be written as 8/21. The number “8” represents the infinity symbol, “∞, ” while “21” refers to the maximum supply of Bitcoin that will ever exist, which is set at 21 million.

    Saylor’s statement is a reference to one of the most fundamental aspects of Bitcoin: its fixed supply. Unlike typical fiat currencies, Bitcoin’s total supply is limited to 21 million coins.

    Related

    Michael Saylor Stuns With Bitcoin Statement Amid BTC Price Pause

    By stating, “Imagine everything, divided by 21 million,” Saylor highlights Bitcoin’s finite supply. This scarcity remains a key component of Bitcoin’s value proposition.

    Bitcoin derivatives signal BTC price reversal

    According to Bloomberg, there is an increasing possibility of a “short squeeze” on the Bitcoin derivatives market, which might lead to a major rally for BTC, K33 Research noted.

    The funding rate for Bitcoin perpetual futures, which estimates how bullish or bearish speculators are might signal a bullish reversal for the BTC price. Aug. 20 had the lowest seven-day average annualized funding rate since March 2023, according to K33.

    Related

    Bitcoin Q4 Rally on Horizon? BTC Price May Rip Higher If Past Trend Holds

    The cryptocurrency market has been in a cautious mood lately, with Bitcoin continuing to lose ground in August following its inability to stay above the $60,000 mark.

    Concerns that the U.S. government might be selling seized tokens have recently impacted Bitcoin’s price. Traders are also anticipating crucial comments by Federal Reserve Chair Jerome Powell, whose indications about likely interest-rate decreases might cause volatility.

    At the time of writing, BTC was down 2.03% in the last 24 hours to 59,492, about $14,250 below its March all-time high.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleHouse Lawmakers Raise Alarm About US Biopharma Companies Working With Chinese Military on Trials
    Next Article Henrico Property Transactions: July 24-30, 2024

    Related Posts

    Bitcoin

    Les fonds Bitcoin enregistrent des entrées de 1,3 milliard de dollars malgré les tremblements de marché | ETF News

    June 16, 2025
    Bitcoin

    LE POINT CRYPTOS : Le bitcoin se reprend mais le marché continue de surveiller le conflit entre Israël et l’Iran

    June 16, 2025
    Bitcoin

    Le DMCC Crypto Centre accueille Bitcoin.com, qui établit son siège régional à Dubaï – Dubai Media Office

    June 15, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Finance

    Prioritising climate finance

    July 28, 2024
    Utilities

    TVA sells $1 billion of bonds as utility prepares for record capital spending

    August 9, 2024
    Stock Market

    Trump tariffs latest: Asian markets plunge after US tariffs as Trump calls them ‘medicine’

    April 6, 2025
    What's Hot

    Bitcoin Taps $69,000 With ‘Bullish Setup’ As US Elections Near: New ATH Soon?

    October 29, 2024

    Les fonds d’actifs cryptographiques dessinent 882 millions de dollars en entrées hebdomadaires alors que Bitcoin ETFs surnom

    May 12, 2025

    Camden Property Trust : Barclays optimiste sur le dossier

    May 9, 2025
    Most Popular

    USA: les stocks de pétrole en hausse, en ligne avec les attentes

    April 9, 2025

    2 Financial Steps I Wish I’d Taken Sooner

    July 11, 2024

    Finance guru reveals the simple steps ordinary Americans need to take to make their first $1M

    July 20, 2024
    Editor's Picks

    Missouri regulators open investigation into Liberty Utilities

    February 28, 2025

    Property sale dividing Seattle’s Black firefighters stands, judge rules

    May 13, 2025

    Oil rebounds as geopolitics, demand concerns whipsaw investors

    August 28, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.