Michael Saylor Celebrates Bitcoin Surpassing $95,000 With Bullish Remarks

Michael Saylor celebrates Bitcoin reaching $95,000, boasting that it outperforms key stock indices like Nasdaq and S&P 500. He shares a tweet featuring an AI-generated image implying Bitcoin’s speed. Experts discuss Bitcoin’s market independence, while its price fluctuates slightly below the $95,000 mark.

Michael Saylor, founder of the Bitcoin-focused firm Strategy, has taken to Twitter to celebrate Bitcoin’s recent surge, hitting the milestone of $95,000. Known for his bullish stance on cryptocurrency, Saylor points out that Bitcoin often rebounds rapidly after consolidation phases, even outpacing major stock indices like Nasdaq and S&P 500.

In his latest tweet, Saylor shared an AI-generated image showcasing himself in a racing suit adorned with Bitcoin mascots, emphasising the speed of Bitcoin’s growth. “Bitcoin is Faster,” he proclaimed, drawing attention to the index performance disparity — with Nasdaq making minor gains while the S&P 500 is taking a dip.

Earlier this week, financial expert Josh Brown made waves on CNBC, claiming that Bitcoin has disentangled from the Nasdaq. Bitcoin advocate Max Keiser contested this notion, asserting that Bitcoin has always operated independently, on its own distinct path.

Additionally, Coinbase’s John D’Agostino acknowledged that while Bitcoin typically displays a correlation with stock markets, it can fluctuate between positive and negative. He pointed out that investors generally don’t mind the positive correlation when both assets are soaring. As for Bitcoin’s price, despite briefly surpassing $95,000, it quickly fell back, currently trading at around $94,790 per coin, as this article is being written.