By Michael Scott
The US-based rapper Drake shared the bullish forecast by MicroStrategy’s chair, Michael Saylor, on Bitcoin’s potential just as it surpassed $72,000. The music star shared the informative clip from Saylor’s interview with CNBC’s Andrew Sorkin on Monday, March 11.
Drake Reposts Saylor’s Bitcoin Clip to Followers
The rapper shared the clip with the caption ‘Michael Saylor on Bitcoin’ to his 146M Instagram followers. The post affirmed Drake’s affinity for Bitcoin, which traces back to 2022 when the music superstar shared the diamond-encrusted image of the Ledger hardware wallet.
The Canadian rapper’s links to Bitcoin came after pocketing a $381,000 bet from fellow Bitcoiner that the Los Angeles Rams would overcome the Cincinnati Bengals in their Super Bowl LVI in 2022.
Drake has taken a different approach to cryptocurrency, unlike fellow celebrities who endorsed crypto exchange companies such as Crypto.com and now bankrupt FTX. Instead, Drake portrays a focus on the largest crypto asset by market capitalization of $$1.436 trillion, as per CoinGecko data.
The move by Drake prompted another pro-Bitcoin, Bram Kanstein, to share the rapper’s post on X (formerly Twitter). In a subsequent post on March 12, Alessandro Ottaviani would hail Saylor as the hero needed and not deserved.
MicroStrategy to Hold Bitcoin for 100 Years
Saylor clarified that Bitcoin did not need the currency traits and ruled out that nobody would attempt to purchase a cup of coffee using a fraction of their ownership in a building located on 5th Avenue.
Saylor has consistently affirmed his long-time advocacy for Bitcoin, leading the software solutions and intelligence specialist MicroStrategy to amass 205,000 Bitcoins, estimated at $14.6 billion.
During the Monday interview, Saylor reiterated that MicroStrategy is acquiring Bitcoin to hold the crypto asset for 100 years. He termed that the plunge from $66,000 to $16,000 only shook out the tourists, not MicroStrategy.
Saylor Optimistic of Bitcoin Uptrend Amid Resurgence to All Time High
The bullish prediction by Saylor coincided with Bitcoin’s triumph over Silver after testing an all-time high above 71,000 on Monday. A day later, Bitcoin rallied 2.75% to set its all-time high at 72,953 on Tuesday. The rally portrayed a remarkable turnaround from last week’s volatility when Bitcoin realized a see-saw price movement.
The surge is partly attributed to spot Bitcoin exchange-traded funds (ETFs) approval by the US Securities and Exchange Commission (SEC). The approval has seen the ETF issues led by BlackRock, Franklin Templeton, and Bitwise scoop millions of Bitcoin.
Meanwhile, Bitcoin has in the past 24 hours tested $73,032.70 as its all-time high at a time when its daily volume hit$68.39 billion to represent an 11.10% increment, thus rising market activity as per CoinGecko data.