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Michael Saylor, the American businessman and CEO of MicroStrategy, known for his radically bullish stance on the major cryptocurrency Bitcoin (BTC), has published an epic new post on his social media accounts. It should be noted that Saylor regularly shakes up the information field with his unconventional statements about Bitcoin, which are often accompanied by some kind of non-standard image.
The recent period was no exception, with unsatisfactory macroeconomic data throwing the crypto market into turmoil. The businessman literally looked like a firefighter in uniform, with the BTC logo on it as he fought fires. This epic piece of artificial intelligence was created by a company with the caption “Bitcoin to the rescue.”
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Bitcoin vs recession?
It's still worth understanding which fire Michael Saylor is putting out, the fire that snuffed out $24 billion from the crypto market's market capitalization in a matter of hours, or the fire that is currently consuming the US economy. be. But they're all pieces of the same puzzle, and despite the Fed's recent 50bps rate cut, inflation is rising faster than expected.
However, the economic situation, which is clearly in recession, does not necessarily match the situation seen by market participants, who seem to be expecting continued monetary easing.
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In that case, Saylor could be saying he is choosing the right side by promoting Bitcoin as a safe haven in the event of market turmoil. However, there is little doubt that this businessman would have chosen BTC in other circumstances as well.
