Michael Saylor: "If You Don't Buy Bitcoin at Its Peak, the Profit Belongs to Others"
Summary
- Michael Saylor encouraged additional purchases despite Bitcoin reaching an all-time high.
- With this surge, Bitcoin has risen to the 6th largest asset by market capitalization, and all current holders are reportedly in profit.
- However, there are concerns about a potential short-term correction as the Relative Strength Index (RSI) has entered the overbought zone.
As Bitcoin recently surpassed $110,000, reaching an all-time high, prominent bull Michael Saylor, founder of Saylor Strategy (formerly MicroStrategy), has stepped forward to encourage buying.
According to AMBCrypto, a cryptocurrency-focused media outlet, Saylor stated on the 22nd (local time) via X (formerly Twitter), "If you don't buy Bitcoin at its all-time high, you're leaving money on the table for others."
The media added, "With this surge, Bitcoin has risen to the 6th largest asset by market capitalization, and it appears that 100% of current holders are in profit," while also noting, "However, there are concerns about a potential short-term correction as the Relative Strength Index (RSI) has entered the overbought zone."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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