To his 146 million Instagram followers, Drake has shared MicroStrategy’s Bitcoin optimism.
The renowned American rapper continued his celebration of Bitcoin’s potential after the esteemed cryptocurrency hit the $72,000 mark by reposting Saylor’s interview.
As expected, Drake—who has more than 146 million Instagram followers—recently retweeted a message on Bitcoin, which originated from Michael Saylor, co-founder of MicroStrategy.
Saylor interviewed CNBC’s Andrew Ross Sorkin yesterday, and this clip is from that conversation. An accompanying caption reading “Michael Saylor on Bitcoin” followed the distribution of the Drake clip.
Drake previously displayed a diamond-studded Ledger hardware wallet on Instagram in 2022, prior to his notoriety as a Bitcoin enthusiast.
Betting on the Los Angeles Rams’ Super Bowl LVI triumph against the Cincinnati Bengals brought in around $381,000 in Bitcoin for the Canadian rapper over the year.
Despite the fact that a lot of famous people are becoming involved with cryptocurrency startups like FTX and Crypto.com, Drake seems to be concentrating on the most valuable digital asset.
It shouldn’t function like money, Saylor said in the video. Saylor spearheaded MicroStrategy’s acquisition of 205,000 bitcoins, an impressive treasury valued at over $14.6 billion. Saylor has been an outspoken advocate of Bitcoin for quite some time.
As Saylor said on Monday in an interview with CNBC, “We are purchasing it to keep it for 100 years.” This highlights the tenacity of Bitcoin in the face of price changes.
After hitting a new all-time high of $71,000 on Monday, Bitcoin’s value surged even higher, surpassing that of silver.
Actually, the cryptocurrency hit a new all-time high of $72,953 on Tuesday, a gain of 2.75%. One reason for this quick increase is because the US Securities and Exchange Commission approved Bitcoin ETFs early this year.
Companies like BlackRock, Franklin Templeton, Bitwise, and VanEck have amassed millions of bitcoins via their large investments.
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