A tweet from Michael Saylor calling Bitcoin a “20% discount” has gone viral. MicroStrategy co-founder and chairman Saylor has spoken out about Bitcoin. The latest missive comes amid the crypto’s most turbulent price.

Currently, BTC is trading at around $60,550 and has so far failed to close above $61,000. Perhaps this is the reason for mixed feelings among investors.

Saylor’s Message and Its Interpretation

In one post, Saylor tweeted a rather interesting photo of an old sign with the words: “For Sale, 1 BTC,” and captioned it: “Bitcoin: 20% Off. Sale Ends Soon.”

Bitcoin: 20% off. Offer ends soon. 🚀 photo.twitter.com/aFc3wkYWVW

— Michael Saylor⚡️ (@saylor) August 19, 2024

While the message was playful yet far-reaching, it offered several interpretations. While most readers saw it as a direct buy signal, others questioned whether it was really financial advice.

Either way, Saylor’s point seems pretty clear: he believes the current decline presents a great opportunity for investors to buy bitcoin before the price potentially rebounds.

Buy The Dip Sentiment

Saylor’s extremely bullish stance and consistent past purchases have created strong “buy the dip” sentiment among many investors.

Because Saylor and MicroStrategy have purchased massive amounts of Bitcoin over the years, this has proven especially relevant during market fluctuations.

BTCUSD trading at $60,580 on the daily chart: TradingView.com

His seemingly positive stance on Bitcoin has often been well received by long-term investors, who see the asset as fundamentally crucial to their growth in the near future.

Saylor is likely to further bolster sentiment among Bitcoin enthusiasts and long-term holders. His announcement of a “sell” could encourage more bidders to enter the market, especially those who have been wary and cold feet amid recent highs.

As he said earlier, the best time to buy Bitcoin is when prices are low. And now his latest clarifications confirm this strategy.

However, the general market is still cautious. While Saylor presents a very optimistic outlook, the latest in Bitcoin’s performance has raised questions among some investors.

The broader implications for Bitcoin investors

This cryptocurrency has been struggling to break through some key resistance levels, and the trading environment is currently one of indecision. With most traders weighing their options, the response to Saylor’s call to action has been lukewarm.

With prices constantly fluctuating, Saylor’s message may be a rallying cry to some, but it also shows that Bitcoin’s fees are potentially as risky an investment as any other.

Crypto market prices are known to fluctuate and fall during trading. While Saylor’s outlook may encourage accumulation, investors should be aware of the possibility of further declines.

Main image by Crypto Blog-Busha, chart by TradingView