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Popular rapper Drake shares insight on Bitcoin’s future, highlights Michael Saylor’s views

Drake

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TL;DR

  • Drake shared a clip of Michael Saylor’s CNBC interview on Bitcoin to his 146 million Instagram followers, highlighting Bitcoin as a superior asset to gold.
  • The share indicates a notable celebrity engagement with cryptocurrency, potentially influencing public interest in digital assets.
  • MicroStrategy continues its aggressive Bitcoin investment strategy, purchasing an additional 12,000 BTC, bringing its total holdings to 205,000 BTC.

Drake, the Canadian rapper with over 146 million followers on Instagram, recently shared a clip of Michael Saylor’s CNBC interview discussing Bitcoin. The clip, originally posted by bitcoin_memes_daily with the caption “Michael Saylor on Bitcoin,” features Saylor’s insights on Bitcoin as a superior store of value compared to gold. This share by Drake, known as “champagnepapi” on Instagram, marks a significant moment of celebrity engagement with cryptocurrency content during this bull market period.

In his interview, Saylor, the CEO of MicroStrategy, emphasized Bitcoin’s advantages over gold, suggesting that Bitcoin will surpass gold as the preferred asset for value preservation. It is essential to know that Saylor’s perspective on Bitcoin comes amid a less frequent trend of celebrities and influencers endorsing cryptocurrencies, contrasting with the previous bull market that saw numerous high-profile endorsements.

Moreover, MicroStrategy has recently made headlines by purchasing an additional 12,000 BTC for approximately $821.7 million, funded through convertible notes and excess cash, Cryptopolitan reported.  This acquisition was made at an average price of $68,477 per Bitcoin. Following this purchase, MicroStrategy’s total Bitcoin holdings have increased to 205,000 BTC, with an overall investment of about $6.91 billion, equating to an average purchase price of $33,706 per Bitcoin.

Drake’s Instagram post on Bitcoin is likely to draw public attention to the digital asset space. 

Meanwhile, MicroStrategy’s unwavering investment in Bitcoin highlights the company’s confidence in the cryptocurrency’s value and its central role in the firm’s treasury strategy.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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