On Wednesday, May 21, Bitcoin achieved a new all-time high of $109,487.23, which saw the largest cryptocurrency surpass $2.17 trillion in market cap.
This puts Bitcoin in fifth place among the most valuable assets in the world. Bitcoin is now above Amazon and Alphabet and only trails gold, Microsoft, Nvidia, and Apple .
At press time, Bitcoin was trading at $109,721.94, up over 4.19% over the last day, as per Kraken's price page .
During the ecstatic rush, Strategy (previously MicroStrategy) executive chairman Michael Saylor posted to X with his usual bravado, "If you're not buying bitcoin at the all-time high, you're leaving money on the table." The post rapidly went viral, prompting an extensive discussion across Crypto X.
One of the most popular replies was by an analyst and a key opinion leader, Quinten Francois, who joked, "You'll buy the top forever, aren't you, Michael?"
Saylor's post aligns with his view of Bitcoin as a long-term store of value, no matter the price. Strategy has made strides in collecting Bitcoin since early 2020 and has over 576,230 Bitcoins sitting on its balance sheet.
Saylor has also clarified that the company intends to keep buying, even at all-time highs. Interestingly, Strategy has never sold Bitcoin . Strategy's share price sits at $419.57 at press time, up over 0.66% over the last day.
Many critics have pointed out that new retail buyers could be chasing a top; however, many Bitcoin believers interpret Saylor's comment as a further show of institutional confidence in the asset's future.
