

The price of Bitcoin (BTC), the leading cryptocurrency by market cap, has plunged by more than 10% since former MicroStrategy CEO Michael Saylor posted a bizarre picture of him riding a Bitcoin surfboard in a business suit.
The price of Bitcoin (BTC) has crashed by more than 10% after former MicroStrategy CEO Michael Saylor posted a bizarre picture of himself riding a Bitcoin surfboard in a business suit.
The price of the largest cryptocurrency quickly collapsed to $53,661 after Saylor posted the AI-generated picture on Thursday.
Earlier today, the price of the leading cryptocurrency briefly touched the $57,000 level following a US jobs report that managed to alleviate recession concerns. However, Bitcoin then erased its short-lived gains and dropped sharply lower in tandem with US stocks.
Saylor, whose firm holds a total of $12.1 billion in Bitcoin, has yet to comment on the devastating Bitcoin crash.
It is important to note that September tends to be the worst-performing month for the largest cryptocurrency. So far, Bitcoin is already down 8% during this September. In 2019, for comparison, it declined by nearly 14%.
Schiff's prescient call
On Thursday, gold bug Peter Schiff mocked Saylor's bizarre AI-generated picture, arguing that the Bitcoin wave "had already broken."
Schiff urged Saylor to "catch the Bitcoin wave," which was in the process of "swelling."
Prior to that, the prominent financial commentator also slammed Bitcoin ETF investors for betting on the wrong horse. He pointed to the fact that these products were up only 17% despite massive inflows. For comparison, gold ETFs are up by more than 24%.
The above is the detailed content of Bitcoin (BTC) Price Nosedives by Over 10% After Former MicroStrategy CEO Michael Saylor Posts Bizarre AI-Generated Picture of Himself Riding a Bitcoin Surfboard in a Business Suit. For more information, please follow other related articles on the PHP Chinese website!

We recently compiled a list of the 10 Best Cryptocurrencies to Buy Now. In this article, we are going to take a look at where Bitcoin (BTC) stands against the other cryptocurrencies.

Euphoria has returned to the market as Bitcoin has soared above $67k and bulls are preparing to attack the $70k resistance once again.

Even cold Bitcoin storage can be “not cold enough,” he believes.

On 27 July 2024, Michael Saylor, Co-Founder and Executive Chairman of MicroStrategy, appeared at the Bitcoin 2024 conference & predicted that Bitcoin

Bitcoin (BTC) is showing signs of further potential decline, while Solana (SOL) has recently surged past Ethereum (ETH) to hit new all-time highs.

Any market downturn can be nerve-wracking. But the reality is these market drawdowns, as experienced on the first Monday of August, are brilliant buy-low opportunities.

The cryptocurrency market recently experienced significant turbulence, resulting in substantial liquidations for Bitcoin (BTC) and Ethereum (ETH) traders

As Bitcoin (BTC) maintains its dominance in cryptocurrency, traders and investors are noticeably anticipating an altcoin summer. With a renowned Bitcoin trader predicting a shift in market dynamics, many are exploring opportunities beyond Bitcoin to

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

Atom editor mac version download
The most popular open source editor

Dreamweaver Mac version
Visual web development tools

Dreamweaver CS6
Visual web development tools

DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
