- Michael Saylor believes Bitcoin represents the kind of money that people simply cannot afford to lose.
- This comes as crypto traders lose $400M following Bitcoin’s crash to $56K.
- Saylor highlights Bitcoin’s long-term outperformance compared to traditional assets.
While crypto investors shoulder substantial losses over the past day amid the market retracement, renowned Bitcoin bull Michael Saylor took to X to reassure enthusiasts that Bitcoin remains the essential asset they cannot afford to overlook. In his words, “Bitcoin is for the money you can’t afford to lose.”
#Bitcoin is for the money you can't afford to lose.pic.twitter.com/vaIzWh3KnA— Michael Saylor (@saylor) April 30, 2024
Saylor’s commentary comes amid Bitcoin’s price correction in the past few days, culminating in the asset revisiting the $56K range. At the press time value of $57,568, BTC is trading at one of its lowest points in the two months.
Following the asset’s substantial crash in the last few hours, at least 141K crypto traders who had placed bets on Bitcoin’s upward trajectory have been liquidated, resulting in losses exceeding $400 million. Nonetheless, Saylor, the chai…
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