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Michael Saylor, a vocal Bitcoin evangelist, who cofounded Bitcoin treasury company Strategy (formerly known as MicroStrategy), has taken to his social media account to send yet another BTC-themed message to the global crypto community.
This message came out of the X platform (formerly Twitter) ahead of the scheduled FOMC meeting on June 18.
Saylor's Strategy "powered by Bitcoin"
The AI-generated image published by Michael Saylor today depicts him as a superhero that looks like the Iron Man character, who is wearing a shining Bitcoin mascot on his chest clad in metal armor.
In the background, the earth is red with spots of fire and drones flying around in a smoke-filled sky. “Powered by Bitcoin,” Saylor’s tweet says. In these regular BTC-themed tweets, Saylor seems to be promoting himself as a face associated with Bitcoin.
His Tuesday tweet was also a provocative one, as Saylor depicted himself as a boxer waiting for an upcoming fight in a boxing ring. “Sometimes you need to fight for Bitcoin,” he tweeted. The community’s reaction in the comments was mixed.
However, the majority of the commentators were supportive of Saylor and his urge to buy as much Bitcoin as possible, and then “hold it forever.” On Monday, Saylor’s company, Strategy, announced the accumulation of 10,100 worth over $1 billion in fiat. The total crypto holdings of the entity now stand at 592,000 Bitcoin, valued at $61,816,344 at press time.
Saylor’s tweet came ahead of the FOMC meeting scheduled for today, at which the Fed Reserve chairman will announce a decision on interest rates.
FOMC meeting coming today, here are expectations
At the FOMC meeting today, investors expect to hear the new verdict regarding interest rates. However, many believe that the Federal Reserve is likely to leave them unchanged, at least for June. The next meeting is scheduled for July 29-30.
Crypto analyst Michael van de Poppe tweeted that it is normal for the Bitcoin price to tumble one or two days before a new FOMC meeting, and this is a good chance to buy the dip. On Tuesday, Bitcoin plunged by 4.82%, hitting $103,590. By now it has managed to regain 1.78%, but then went down another 1%, and is currently changing hands at $104,400.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team