Bitcoin to the Rescue

American businessman and MicroStrategy CEO Michael Saylor, known for his radically bullish stance on major cryptocurrency Bitcoin (BTC), has unleashed an epic new post on his social media accounts.

American businessman and MicroStrategy CEO Michael Saylor, who is known for his radically bullish stance on major cryptocurrency Bitcoin (BTC), has shared another epic post on his social media accounts.

It should be noted that Saylor regularly shakes up the information field with his viral, unconventional statements on Bitcoin, which are often accompanied by some nonstandard image.

This time was no exception, especially given that the crypto market was buzzing on Friday due to some unsatisfactory macroeconomic data. The businessman decided to portray himself as a firefighter in uniform, with the BTC logo putting out the fire. This epic work of artificial intelligence was accompanied by a "Bitcoin to the rescue" caption.

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Bitcoin vs. recession?

It is still up for debate which fire Michael Saylor is putting out - the one that wiped $24 billion off the crypto market's capitalization in a matter of hours, or the one that is currently burning up the U.S. economy. But they are all pieces of the same puzzle, with inflation rising faster than expected despite the Fed's recent 50 bps rate cut.

However, what is happening in the economy, which is clearly in recession, is not necessarily the same as what market participants are seeing, and they seem to be expecting monetary easing to continue.

In that case, you could say that Saylor is picking the right side, promoting Bitcoin as a safe haven in a time of market conflagration. However, there is little doubt that the businessman would have chosen BTC in any other situation as well.