Michael Saylor Says 'Bitcoin Is the Right Move', as US Government May Sell 69,000 BTC

Michael Saylor, Bitcoin evangelist and MicroStrategy’s executive chairman, who co-founded the company, has shared a new daily message with the BTC community on his social media platform X account.

"Bitcoin is the right move," proclaims Saylor

His tweet reads, “Bitcoin is the right move.” This sounds like a core strategy for a Bitcoiner, according to his previous statements.

His tweet attracted a lot of attention and views from the crypto community, with several commenting to express their enthusiasm and support for Saylor's view on Bitcoin and its role as the primary digital asset of the future.

US government might sell 69,000 BTC

That amount of Bitcoin is currently valued at approximately $6.5 billion. Several companies - Battle Born Investments Company, First 100 and 1st One Hundred Holdings - attempted to pause the enforcement of the judgment in this case, to prevent the DOJ from selling the Bitcoin that was confiscated from the infamous marketplace. They also claimed in court that they had the right to collect that BTC. However, the court ruled in favor of the DOJ, allowing them to carry out a potential sale.

As this news spread, the largest cryptocurrency showed a sudden massive decline of 3.46% as BTC dropped sharply from $95,280 to the $91,980 level today. By now, it has recovered slightly and is trading at about $92,500 per coin.

The crypto community on the X platform is now actively discussing whether the U.S. government will decide to sell Bitcoin after all before the newly elected president takes office and halts that deal. Donald Trump has promised to create a Strategic Bitcoin Reserve for the U.S., so he is unlikely to approve of that large BTC sale, as many crypto influencers and enthusiasts hope.

This article was originally published on U.Today