• Bitcoin recovers to $64,851, with Michael Saylor proposing a “Bitcoin collection” to Ronaldo.
• Iggy Azalea’s Mother Iggy memecoin gains traction, with a 15.2% increase in 24 hours.

After experiencing a challenging period that saw its price dip to $60,000, Bitcoin [BTC] has made a notable recovery.

According to CoinMarketCap, BTC was trading at $64,851 at press time — a 3.68% increase in the past 24 hours.

Michael Saylor pitches BTC to Cristiano Ronaldo

In light of this resurgence, Michael Saylor, the outspoken Bitcoin advocate and former CEO of MicroStrategy, has approached Portuguese football superstar Cristiano Ronaldo with an enticing proposal for a “Bitcoin collection.”

Taking to X, (formerly Twitter), he noted, 

“A #bitcoin collection would go well with that watch collection.” 

This proposal follows Ronaldo’s recent social media showcase of his luxurious timepieces, crafted in collaboration with the American jewelry brand Jacob & Co.

Saylor long-standing Bitcoin enthusiasts

Saylor’s commitment to Bitcoin is not unknown. 

In a recent Bloomberg interview, he even disclosed his ownership of 17,732 BTC, affirming that he has not sold a single coin.

Beyond his personal stakes, Saylor’s company, MicroStrategy, stands out as the largest public corporate holder of Bitcoin, boasting approximately $16 billion in assets with 252,000 coins, including over $1.5 billion acquired in Q3 2024.

Notably, a recent post by House of Chimera post on September 24 highlighted MicroStrategy’s market presence.

It showed that it has surpassed tech giants like Apple, Microsoft, NVIDIA, and Amazon, further solidifying its status in the crypto landscape.

Ronaldo’s crypto journey

On the other hand, Cristiano Ronaldo ventured into the crypto industry in November 2022, launching his “CR7” NFT collection through a partnership with Binance.

Despite facing a $1 billion class-action lawsuit related to Binance’s NFT offerings, Ronaldo released his fourth NFT collection with the platform in May 2023.

However, with the NFT market’s value sharply declining by late 2023, an estimated 95% of NFTs had lost their value.

What’s behind Saylor’s pitch?

Well, Saylor has consistently promoted the leading cryptocurrency to high-profile figures.

Yet, the explosive rise of celebrity-backed memecoins appears to have spurred him even further.

Among these, Australian rapper Iggy Azalea’s Solana-based token, Mother Iggy (MOTHER), has generated significant attention.

Trading at $0.08926, MOTHER saw a 15.2% increase in value over the past 24 hours, with 990 million tokens actively circulating in the market today.

However, Ethereum co-founder Vitalik Buterin has voiced his frustration over the rapid surge in celebrity-backed memecoins, and stated,  

“I’m feeling quite unhappy about with ‘this cycle’s celebrity experimentation’ so far.”

Bitcoin current trends

Amidst these conversations, Bitcoin’s community sentiment appears increasingly bullish, with indicators pointing toward continued market optimism as per CoinMarketCap. 

As expected, the Relative Strength Index (RSI) currently hovers above the neutral line at 60, suggesting a rising bullish momentum.

Additionally, the tightening of the Bollinger Bands hints at decreasing price volatility, indicating that bullish forces may gain dominance over bearish trends in the near term.

Together, these signals suggest growing confidence in Bitcoin, reinforcing positive sentiment within the community.

read more