The most recent period was no exception, when the cryptocurrency market was under fire due to unsatisfactory macroeconomic data. The businessman literally portrayed himself as a firefighter in uniform, with the BTC logo putting out the fire. This epic work of artificial intelligence was a companies by a “Bitcoin to the rescue” caption.
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.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
