Bitcoin Surges 2% to $85,730 as Saylor, Hayes Predict Bullish Future

Michael Saylor, the founder and executive chairman of the Bitcoin-focused company Strategy, recently issued a bullish call for Bitcoin through his social media account on X, formerly known as Twitter. This statement came as the world’s largest cryptocurrency regained the $85,000 level and continued to rise rapidly, approaching $86,000.

Saylor, a renowned Bitcoin proponent, addressed the global Bitcoin community with a message that emphasized the value of Bitcoin. He stated that "the only thing better than Bitcoin" is "more Bitcoin," accompanied by an image featuring a capital "B" with double strokes, symbolizing Bitcoin, against an orange background, a color commonly associated with BTC. This message could be interpreted as a hint that Strategy intends to make significant Bitcoin purchases in the near future.

On March 31, Strategy announced a massive $2 billion purchase of Bitcoin, acquiring 22,048 Bitcoins to add to its already substantial holdings. Following this purchase, Strategy now holds a total of 528,185 Bitcoins, valued at approximately $35.63 billion in fiat currency. Prior to this announcement, Saylor had posted on X, seemingly hinting at the impending large-scale Bitcoin purchase.

On April 1, Saylor published a call to the community, urging them to buy Bitcoin during a dip. On April Fools’ Day, he shared an AI-generated image of himself dressed as a medieval jester in a fool’s cap, with the message: “Don’t be a fool. Buy Bitcoin.”

Arthur Hayes, the founder and former chief executive of a major cryptocurrency exchange, has made a super-bullish prediction for Bitcoin. He expects the pioneer cryptocurrency to skyrocket to an all-time high of $250,000 by the end of 2025. Hayes shared his expectation in a blog post, stating that Bitcoiners base their trading decisions on market expectations of future fiat currency supply. If the predictions of numerous analysts about the Federal Reserve shifting from a hawkish stance (QT) to a dovish one (QE) on Treasury bonds prove to be true, then Bitcoin is likely to move towards the $250,000 price target.

At the time of this report, Bitcoin was trading at $85,730, showing an almost 2% increase for the day. This bullish sentiment from key figures in the cryptocurrency community underscores the growing confidence in Bitcoin's potential for significant price appreciation in the coming years.