'Bitcoin is getting stronger', Michael Saylor stuns with BTC statement

In a poetic tweet, Strategy President Michael Saylor compared Bitcoin to an "Orange Dwarf," drawing the attention of the cryptocurrency community. Saylor put it this way: "Bitcoin is an Orange Dwarf—the brightest object in the financial system—getting stronger, hotter, and denser as it attracts capital." This analogy has sparked considerable interest, with Saylor likening Bitcoin's steady and relentless growth to an orange dwarf. The orange dwarf, known for its lifespan and intensity increasing over time, represents stability and strength, similar to Bitcoin's place in the financial system. In another tweet, Saylor compared Bitcoin to a digital energy grid. Saylor's statement alludes to Bitcoin's unique position in the financial ecosystem — getting stronger and more influential as capital flows into the network. MicroStrategy has been advocating this direction since August 2020, when it first started buying Bitcoin and now owns 499,096 BTC, making it the largest Bitcoin holder globally. Under Saylor's umbrella, the former software company has become the largest issuer of convertible bonds in recent years, raising about $9 billion. On Friday, BMAX, a convertible bond exchange-traded fund focused on companies with Bitcoin on their balance sheets, such as Saylor's newly renamed Strategy, was launched. Bitwise recently introduced a fund that tracks an index of companies holding Bitcoin as a corporate treasury asset—Strategy accounts for about a quarter of that. Bitcoin Notices Volatility as Fed Meeting Approaches At press time, BTC is down 1.14 percent over the past 24 hours to $83,263 as investors weigh macroeconomic risks and the Fed's upcoming meeting this week. The Fed will meet on Wednesday to provide investors with an update on inflation. The Fed's upcoming FOMC meeting is scheduled for March 18-19, and market observers are interested in how Fed Chair Powell addresses trade policy, changes in fiscal policy and, most importantly, the (QT) quantitative tightening program, which is expected to be paused or halted altogether. While recent economic data has been better, investors expect the Federal Reserve, which is striving for a 2% inflation rate, to remain flat at the conclusion of its two-day meeting on Wednesday. Traders are pricing in a 0.75 percentage point rate cut by the end of the year, which begins in June.