Bitcoin is a gleaming city in cyberspace, according to Michael Saylor, founder and executive chairman of MicroStrategy.
However, Saylor, a BTC supporter, has previously expressed optimism about BTC and its capacity to regain its lost value.
Notably, Saylor previously asserted that nothing on earth could stop Bitcoin if it was on a bull run and that its value and price would undoubtedly increase.
Saylor writes in a tweet:
“No force on earth can stop Bitcoin when the time has come.”
Saylor provided statistics from Hootsuite, a social media management platform, to support the aforementioned claim. Internet users using any type of cryptocurrency between the ages of 16 and 64 were included in the study.
BTC, whose price fell along with the collapse of the FTX exchange, has since shaken off the dust and begun its bull run. The price of one bitcoin has increased by 1.69% in the past day to $17,317.06.
BTC had a bullish flag (1st Bullish Flag) indicated in the graph during week three of November, if the previous two weeks are taken into account.
As shown in the chart below, a bullish flag (2nd Bullish Flag) also appeared in the fourth week of November.