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Michael Saylor, co-founder and executive chairman of Bitcoin-oriented company Strategy (formerly known as MicroStrategy) has taken to social media to announce a major Bitcoin dip, which happened as BTC reacted to the fresh-released CPI annual rate for January.
“Let’s go!” Saylor tweets on higher CPI than expected
Saylor has traditionally published an AI-generated image, but not of himself this time – the image shows a rocket with a Bitcoin logo on its side soaring in space, leaving planets behind.
“Let’s go,” the Bitcoin enthusiast tweeted as if celebrating the sudden Bitcoin 1.5% drop as it went down from $96,420 to the $94,100 level but has regained $95,000 by now.
Let’s Go 🚀 pic.twitter.com/dQ1c5MVreV
— Michael Saylor⚡️ (@saylor) February 12, 2025
This seems to be a reaction to the just released consumer price index (CPI) data for January, which has proved to be higher than expected by analysts before – 3.3% versus 3.10%. The tweet released by the Chinese cryptocurrency commentator and journalist Colin Wu shows that the December value stood at 3.20%.
The US announced that the unadjusted core CPI annual rate in January was 3.3%, expected to be 3.10%, and the previous value was 3.20%. The monthly rate of seasonally adjusted CPI in January was 0.5%, expected to be 0.30%, and the previous value was 0.40%. The unadjusted CPI…
— Wu Blockchain (@WuBlockchain) February 12, 2025
He also tweeted that the unadjusted CPI annual rate in January was 3%, which constituted the biggest increase since June 2024, while it was expected to be 2.90%. As the inflation rate proved higher than anticipated, the world’s largest cryptocurrency Bitcoin reacted by a drop but it is quickly going back up, showing it strength, maturity, and market resilience.
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