Bitcoin has fallen from recent highs after BlackRock analysts issued an “unprecedented” warning.
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Bitcoin prices have plummeted to around $60,000 per Bitcoin, with panicked traders eyeing a “crisis level” that, if breached, could send the price of Bitcoin falling further.
After tech billionaire Michael Dell sparked bold speculation that his computer company might follow MicroStrategy and Elon Musk's Tesla into bitcoin, Dell polled his X followers, asking them which is most important to them: bitcoin, artificial intelligence, or “love and relationships.”
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Bitcoin prices have fallen from recent peaks of over $70,000 per Bitcoin.
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So far the poll shows that 45% of people support Bitcoin, with “love and relationships” coming in second with 38%.
“Being a sentimental fool, I chose 'Love and Relationships,'” Musk replied to Dell's survey.
“We look forward to an upcoming announcement,” bitcoin analyst Dylan Leclerc responded, suggesting he expects the Dell company to announce its bitcoin purchase.
Dell, the 15th richest person in the world according to Forbes data, published a series of Bitcoin-focused posts on X earlier this month, engaging in an exchange with MicroStrategy founder Michael Saylor, sparking speculation that he may start buying Bitcoin, saying that “Dell may be the next domino to fall.”
The exchange between Dell and Saylor is reminiscent of a similar conversation between him and Tesla billionaire Elon Musk in late 2020, before Musk revealed that Tesla had bought $1.5 billion worth of Bitcoin. Tesla sold most of its Bitcoin in 2022 but still holds 10,000 Bitcoin, worth about $600 million.
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Bitcoin prices have recovered this year from 2022's devastating Bitcoin price crash.
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Saylor has emerged as one of Bitcoin's most bullish and enthusiastic advocates, having purchased 214,400 Bitcoin (1% of all future Bitcoin) via MicroStrategy since the summer of 2020 and spearheading a movement to adopt Bitcoin as a treasury reserve asset for other companies.
MicroStrategy's shares have soared since it began buying bitcoin in the summer of 2020, rising nearly 1,000%, helping boost the software company's market capitalization to $26 billion.
Last month, medical device maker Semler Scientific said it had bought $40 million worth of Bitcoin and would continue to buy, sending its stock price up about 60%.
