Michael Dell’s BTC Poll on X Grabs Michael Saylor’s Attention

As a researcher with a background in finance and technology, I find Michael Dell’s poll intriguing, especially given the strong response from the Bitcoin community. While I don’t share Michael Saylor’s unwavering belief that Bitcoin is the most important thing, I do recognize its potential to transform global financial systems.

Michael Dell, the CEO of Dell Technologies, recently conducted a poll on X (previously Twitter) where he invited individuals to choose their top priority among three options: nurturing relationships and showing love, investing in Bitcoin, or focusing on artificial intelligence.

As a researcher conducting a study, I found that the survey I designed using Dell’s X platform drew significant attention, notably within the cryptocurrency community. A substantial number of respondents expressed their backing for Bitcoin during the course of the investigation.

Michael Saylor, the co-founder and CEO of MicroStrategy, boldly endorsed Bitcoin in response to Dell’s tweet, reiterating his conviction that this digital currency holds the key to revolutionizing the world’s financial infrastructure entirely.

Saylor’s remarks serve as a rallying cry for wider adoption of Bitcoin and the recognition of its pivotal role in revolutionizing global financial systems.

At present, the Bitcoin rate stands at $62,519, marking a 0.12% decrease from the previous day’s figure. Throughout April, Bitcoin’s price fluctuated between $59,000 and $74,000. In the month of July, Bitcoin delivered a median return of 9.60% and an average return of 7.98%.

Despite a recent decline, Bitcoin’s past trends suggest that July could be bullish, as the cryptocurrency typically experiences significant gains after a disappointing June. Keep an eye on potential resistance levels at $65,795 and $78,700.

As a researcher, I’ve analyzed the data and found that on the first day of July, there were net inflows of approximately $129 million into U.S.-listed Exchange-Traded Funds (ETFs). This is the largest daily inflow since early June. Prior to this, there had been outflows totaling over $900 million in the preceding weeks.

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2024-07-02 18:45