Michael Saylor, executive chairman of Strategy, has advised Bitcoin investors to resist bearish sentiment in the market. In a 15-second video titled 'Don’t Feed the [Bitcoin] Bears,' Saylor uses the metaphor of a bear to symbolize pessimistic traders, encouraging investors to focus on Bitcoin's long-term potential despite recent market volatility.
This message comes after a market correction that saw Bitcoin's price dip to $102,000, before rebounding to $111,517. Additionally, Saylor announced that Strategy has acquired 220 more Bitcoins for $27.2 million, bringing the company's total holdings to 640,250 BTC, valued at approximately $71.40 billion.
Michael Saylor Urges Bitcoin Investors to Ignore Bearish Sentiment
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