Michael Saylor: Bitcoin is entering a "spring" recovery phase, and the market will rebound

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Golden Finance reported that on May 22, Strategy founder Michael Saylor said in an interview with CNBC that Bitcoin had previously fallen from a peak of about $125,000 to around $60,000 and had bottomed out, and is now entering a “spring” recovery phase. He said the current position has solid support and that the market is expected to rebound from current levels.
At the same time, he pointed out that as the digital credit market forms, miners’ additional Bitcoin supply is being fully absorbed by the market. He said, “Our company might buy all the Bitcoin produced by miners from now until 2140.”
In addition, Saylor said that the progress of the U.S. CLARITY Act and the SEC’s “innovative exemption” policy for securities tokenization could both become important tailwinds for the digital asset market.
BTC-2.36%
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