Bitcoin (BTC) is back in the green, with strategy co-founder Michael Saylor making another buzz with his bold BTC statement.
In a two-word tweet, Saylor wrote, “Try BTC,” sharing a chart showing the US dollars gaining strength against the Turkish lira. His tweets appear to emphasize Bitcoin as a hedge against currency devaluation.
Try btc pic.twitter.com/wpqtwhqk2n
– Michael Saylor⚡️ (@saylor) March 19, 2025
Michael Saylor is one of Bitcoin’s most enthusiastic supporters, repeatedly promoting it as a great storage worthwhile compared to Fiat currency. His latest tweets highlight the concept of Bitcoin as a hedge against inflation and currency depreciation, especially in an economy experiencing rapid devaluation.
Yesterday, the strategy announced plans to sell $500 million in dollars religious permanent preferred stock. The enterprise software company, formerly known as MicroStrategy, plans to use revenue for general corporate purposes, such as acquisitions of Bitcoin and operating capital.
On Monday, the strategy said it had bought $10.7 million in Bitcoin a week after it announced its intention to issue up to $21 billion in preferred stock to acquire more BTC.
Bitcoin price rebound
Bitcoin rebounded to a high of $84,330 in early session Wednesday as traders awaited the results of the Federal Open Market Committee (FOMC) meeting.
At the time of press, BTC rose nearly 2% to $83,934 over the last 24 hours, reaching an intraday high of $84,358 over FOMC. It suggests that the $80,000 mark should be monitored, as the lower break means a loss of the main support level.
The FOMC decision could cause a recovery or prolong decline in the case of Hakki, Harkish, if the short-term direction of Bitcoin is linked to macroeconomic signals.
According to GlassNode, the Bitcoin market has adapted to a new price range following a 30% decline. Liquidity levels have also declined in both the chain and futures markets. Furthermore, long-term holders are passive, confirming market slowdowns and sideways pricing activity.
