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Drake Shares Michael Saylor’s Bitcoin Wisdom with 146 Million Followers
Music sensation Drake, boasting a massive following of over 146 million on Instagram, recently enlightened his fans about Bitcoin through a video featuring MicroStrategy co-founder Michael Saylor. The clip stems from an interview Saylor conducted with CNBC’s Andrew Ross Sorkin.
In the caption accompanying the post, Drake simply stated, “Michael Saylor on Bitcoin.”
A known supporter of Bitcoin, Drake had previously showcased his affinity for the cryptocurrency by sharing an image of a diamond-studded Ledger hardware wallet on his Instagram in 2022. This move paid off handsomely as the Canadian rapper pocketed $381,000 in Bitcoin by betting on the Los Angeles Rams triumphing over the Cincinnati Bengals in Super Bowl LVI earlier that same year.
While numerous celebrities have aligned themselves with various cryptocurrency firms such as FTX and Crypto.com, Drake’s focus appears to be primarily on the leading digital asset by market capitalization.
Michael Saylor’s Bitcoin Advocacy
In the featured clip, Saylor remarked, “It doesn’t have to be a currency. Nobody is trying to buy a cup of coffee with a fraction of their building on 5th Avenue.” Saylor, a staunch proponent of Bitcoin, played a pivotal role in steering Microstrategy towards amassing a considerable treasury of 205,000 Bitcoin valued at approximately $14.6 billion.
“We’re buying it to hold it for 100 years,” emphasized Saylor during his CNBC appearance. He also mentioned how the significant price fluctuations, including the drop from $66,000 to $16,000, served to shake off those merely dabbling in cryptocurrency.
Bitcoin made history by surpassing Silver’s market cap on Monday following its climb to an all-time high of $71,000 before experiencing further gains. On Tuesday, the digital asset surged by 2.75%, attaining a new peak of $72,953 amidst a week of notable volatility marked by rapid price fluctuations.
This recent upswing can be attributed in part to the authorization of Bitcoin ETFs earlier this year by regulatory bodies like the U.S. Securities and Exchange Commission, with prominent entities including BlackRock, Franklin Templeton, Bitwise, and VanEck all investing significant sums in Bitcoin.
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