Michael Saylor, a major investor and ardent supporter of Bitcoin (BTC), recently sent a strong message amidst a flurry of altcoins nearing their historical peak (ATH). On social media platform X, Saylor posted an image of himself as a superhero, standing in the midst of the 'sea of chaos' of the market, accompanied by the succinct message: 'Stay focused on Bitcoin'.

A reminder amidst the altcoin excitement

Theo Saylor, this is advice for investors and 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 famous for his absolute prioritization of Bitcoin, steadfastly accumulating this asset through the company MicroStrategy - a business he co-founded. He always places his trust in the long-term vision, regardless of the market's cyclical ups and downs.

Bitcoin reaches a new peak, surpassing Alphabet's value

In the past 24 hours, Bitcoin has made a historic milestone by hitting a new ATH of $124,128, helping its market capitalization surpass Alphabet - the parent company of Google. Although the price adjusted slightly afterward, BTC still maintained a 1.79% increase and traded around $121,880.94. Daily trading volume also surged by 35.17%, reaching $99.45 billion.

This growth has reinforced the confidence of many investors, with not a few setting a target of $130,000 as early as August.

Altcoin acceleration: Ethereum and XRP nearing ATH

Not only Bitcoin, but altcoins have also recorded impressive progress:

  • Ethereum (ETH): Currently trading at $4,734.49, just about 4% away from its ATH of $4,891.70, which was set in November 2021.

  • XRP: Reached $3.23, still about 15% away from its historical peak of $3.84.

Notably, in the past 48 hours, Bitcoin's dominance has decreased by about 6%, creating conditions for a strong flow of capital into altcoins, triggering a broad acceleration in the market.

Conclusion

Michael Saylor’s message 'Stay focused on Bitcoin' is a subtle reminder amidst the market's excitement with altcoins. Although the altcoin wave is vibrant, Saylor maintains that Bitcoin is the solid foundation worth holding long-term.