Saylor Labels Bitcoin $80k a ‘Historic Entry Point’
Saylor Calls $80k Bitcoin a ‘Historic Entry Point’
Michael Saylor, Executive Chairman of MicroStrategy, declared Bitcoin’s price at $80,000 as a “historic entry point”. The statement was made via Twitter on March 18, 2025. The announcement garnered significant attention within the cryptocurrency community.
Saylor has long advocated for Bitcoin, emphasizing its potential as a hedge against inflation and fiat currency devaluation. His company, MicroStrategy, currently holds a substantial Bitcoin reserve, with a total of 499,096 BTC. Saylor’s belief in Bitcoin is grounded in the notion that “Bitcoin at $80,000 is a historic entry point. All the risk has been stripped off the asset.”
Bitcoin Surges 2.3% After Saylor’s Statement
Following Saylor’s statement, market analysts noted a positive sentiment shift toward Bitcoin. The cryptocurrency saw a price increase of 2.3% within 24 hours, reaching $81,245 on March 19, 2025. Daily Market Update for March 19, 2025.
Saylor’s comments on reduced risk and institutional adoption highlight Bitcoin’s growing acceptance. He claims that the “risk has been stripped off” the asset, bolstering its position as a viable investment.
Bitcoin’s Legitimacy Links to Institutional Adoption
Bitcoin’s current price rally mirrors past trends; for instance, margin traders added nearly 8,000 BTC long positions in 2024, driving prices to exceed $75,000. Such events provide context for Bitcoin’s market dynamics.
Experts suggest that Bitcoin’s increasing legitimacy and lower perceived risk could result in sustained price growth. Saylor’s bullish stance aligns with historical patterns, indicating potential future benefits for long-term investors. Learn more about CoinCodex.
