Crucial Bitcoin ‘Fix the Money’ Tweet Released by Michael Saylor

Michael Saylor, a notable advocate and co-founder of the business intelligence firm MicroStrategy, recently made a significant statement regarding Bitcoin on his official social media account.

### “Fix the Money. Fix the World”

Saylor posted an image depicting a world map with most continents shaded in black. Below the African continent, a girl drawn in black is shown sitting on a swing. Accompanying the image, Saylor tweeted, “Fix the Money. Fix the World.” This statement implies that the current global issues stem from the flaws of fiat money and the government’s capacity to print it without restraint. Saylor suggests that rectifying the monetary system through Bitcoin could lead to broader improvements in the world.

On July 30, Saylor shared a more optimistic tweet mentioning Bitcoin, referencing a news update about the recent Bitcoin 2024 conference. He highlighted that several companies expressed commitment to purchasing Bitcoin and integrating it into their balance sheets as a strategic asset.

While specific company names were not disclosed, it appears these organizations aim to follow the example set by MicroStrategy, which has been acquiring Bitcoin since August 2020 and currently holds an impressive total of 226,331 Bitcoins valued at approximately $7.5 billion.

### Goldman Sachs CEO Clarifies His Bitcoin Stance

Recently, David Solomon, the CEO of Goldman Sachs, acknowledged that he sees potential for Bitcoin as a store of value. During a discussion with the hosts of a business program, he mentioned this perspective while attending the Olympics in Paris. However, he maintains that he views Bitcoin primarily as a speculative asset.

### Bitcoin Struggles for Stability

In the past 24 hours, Bitcoin, the leading digital currency by market capitalization, experienced a downturn of about 6%, resulting in a decline below the $70,000 mark to approximately $65,785. This sharp drop was followed by a slight recovery of less than 1%, with Bitcoin currently trading at around $66,320.

This significant decline was attributed to the U.S. government releasing over $3 billion worth of Bitcoin that had been confiscated from the Silk Road, an illegal online marketplace established by Ross Ulbricht in 2012, which was shut down the following year after his arrest. Ulbricht is now serving two consecutive life sentences in prison.