Michael Saylor, CEO of MicroStrategy, has reiterated his support for Bitcoin despite a massive $200 billion liquidation in the cryptocurrency market over 36 hours. During this period, SUI and XRP experienced significant declines, dropping 80% and 53% respectively from their recent highs.
MicroStrategy, which holds 640,031 BTC valued at $71.71 billion, has faced a $6.4 billion paper loss as Bitcoin's price decreased from $122,000 to $112,000. Despite these setbacks, Saylor maintains $24.35 billion in unrealized gains and encouraged his followers to remain optimistic about Bitcoin's future.
Michael Saylor Reaffirms Bitcoin Support Amid $200 Billion Crypto Liquidation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.