Bitcoin Buzz: Drake Amplifies Michael Saylor’s Bullish Take to 146M Followers After BTC Surpasses $72,000
Drake, the renowned music superstar with over 146 million Instagram followers, has once again dipped into the world of cryptocurrency, sharing insights from MicroStrategy co-founder Michael Saylor’s bullish take on Bitcoin. The Instagram post came in the wake of Bitcoin’s surge past $72,000, capturing the attention of both crypto enthusiasts and mainstream audiences.
In a clip taken from Saylor’s interview with CNBC’s Andrew Ross Sorkin, the MicroStrategy co-founder discussed Bitcoin’s potential, emphasizing its role beyond a mere currency. Drake accompanied the post with a simple caption, “Michael Saylor on Bitcoin.”
This isn’t the first time Drake has shown interest in the cryptocurrency space. In 2022, he shared an image of a diamond-encrusted Ledger hardware wallet on his Instagram account. The Canadian rapper also made headlines when he won $381,000 in Bitcoin by betting on the Los Angeles Rams in Super Bowl LVI.
As celebrities endorse various cryptocurrency companies, Drake’s focus on Bitcoin and his endorsement of Saylor’s perspective bring additional attention to the number one digital asset by market capitalization. Saylor, a long-time advocate for Bitcoin, has played a significant role in MicroStrategy amassing a treasury of 205,000 Bitcoin, valued at around $14.6 billion.
Saylor’s commitment to Bitcoin is evident in his statement to CNBC, emphasizing a long-term holding strategy, “We’re buying it to hold it 100 years.” He explained that recent market volatility, including the crash from $66,000 to $16,000, did not deter MicroStrategy, stating, “That $66K to $16K crash—that shook out the tourists.”
With Bitcoin recently surpassing $72,000 and setting new all-time highs, the cryptocurrency market has experienced notable volatility. Institutional investments, driven by the approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission, have contributed to this surge. Notable financial institutions like BlackRock, Franklin Templeton, Bitwise, and VanEck have joined the trend, acquiring millions in Bitcoin.
Drake’s endorsement of Michael Saylor’s bullish take on Bitcoin amplifies the ongoing buzz around the digital asset. As the cryptocurrency market continues to evolve, celebrity endorsements and institutional investments play a pivotal role in shaping public perception. The intersection of music, entertainment, and finance, as highlighted by Drake’s Instagram post, adds a unique dimension to the narrative of Bitcoin’s growing prominence in mainstream culture.
Drake, the renowned music superstar with over 146 million Instagram followers, has once again dipped into the world of cryptocurrency, sharing insights from MicroStrategy co-founder Michael Saylor’s bullish take on Bitcoin. The Instagram post came in the wake of Bitcoin’s surge past $72,000, capturing the attention of both crypto enthusiasts and mainstream audiences. In a…