Michael Saylor Speaks Out Amid the Altcoin Surge: "Focus on Bitcoin"

Michael Saylor, a massive investor and passionate supporter of Bitcoin (BTC), has just sent a powerful message amidst a wave of altcoins approaching historical highs (ATH). On social media platform X, Saylor posted an image of himself as a superhero, standing amidst the "sea of chaos" of the market, along with a brief message: "Stay focused on Bitcoin". Reminder amidst altcoin excitement According to Saylor, this is advice for investors and those who follow Bitcoin maximalism (Bitcoin maximalists) not to let short-term fluctuations, especially the recent surge of altcoins, shake their long-term investment strategy. He subtly emphasizes that the strength and long-term potential of Bitcoin remains the most reliable focus. Michael Saylor has long been known for his absolute priority for Bitcoin, steadfastly accumulating this asset through MicroStrategy – the company he co-founded. He has always put his trust in the long-term vision, despite the market's ups and downs. Bitcoin hits a new peak, surpassing the value of Alphabet In the past 24 hours, Bitcoin has set a historical milestone by reaching a new ATH of 124,128 USD, pushing the market capitalization past Alphabet – the parent company of Google. Although the price later adjusted slightly, BTC still maintained an increase of 1.79% and was trading around 121,880.94 USD. The trading volume for the day also surged significantly by 35.17%, reaching 99.45 billion USD. This growth has strengthened the confidence of many investors, with not a few aiming for 130,000 USD as early as August. Altcoin surges: Ethereum and XRP are nearing ATH Not only Bitcoin, but altcoins also recorded impressive progress: Ethereum (ETH): Trading at 4,734.49 USD, only about 4% away from ATH 4,891.70 USD. This ATH was set in November 2021. XRP: Reached 3.23 USD, still about 15% to surpass the historical peak of 3.84 USD. Notably, in the past 48 hours, Bitcoin's dominance has decreased by about 6%, allowing capital to flow strongly into altcoins, triggering a widespread rally in the market. Conclusion Michael Saylor's message "Focus on Bitcoin" is a poignant reminder at a time when the market is buzzing with altcoin excitement. Despite the altcoin wave being vibrant, Saylor maintains the stance that Bitcoin is the solid foundation worth holding long-term.