Crypto Twitter lit up when Strategy Chairman Michael Saylor shared a rather poetic thought. In a recent tweet that captured the community’s attention, Saylor likened Bitcoin to an “Orange Dwarf.” He articulated his vision, tweeting: “Bitcoin is an Orange Dwarf—the brightest object in the financial system—growing stronger, hotter, and denser as it attracts capital.”

This celestial analogy quickly gained traction, as Saylor elaborated on the comparison, emphasizing the steady and persistent growth of Bitcoin, much like an orange dwarf star. These stars are known for their long lifespans and increasing intensity over time, characteristics Saylor sees mirroring Bitcoin’s robust and enduring presence in the financial world. Expanding on his perspective, Saylor further likened Bitcoin to a digital energy network in another tweet.

Saylor’s statement underscores his belief in Bitcoin’s singular role within the financial landscape. He suggests it is constantly becoming more powerful and influential as more capital flows into its network.

MicroStrategy’s commitment to this vision dates back to August 2020, marking their initial foray into Bitcoin acquisition. Today, their holdings have reached an impressive 499,096 BTC, solidifying their position as the leading corporate Bitcoin holder worldwide. Under Saylor’s guidance, the company, originally known for its software, has also become a major player in the convertible bond market, raising approximately $9 billion in recent years.

Friday saw the launch of BMAX, a new exchange-traded fund focused on convertible bonds from companies holding Bitcoin on their balance sheets, including Saylor’s newly rebranded Strategy. Adding to the investment options, Bitwise also recently launched a fund that tracks an index of corporations holding Bitcoin as part of their treasury assets – Strategy constitutes about a quarter of this index.

Bitcoin eyes volatility with Fed meeting ahead

Currently, BTC is experiencing some downward pressure, trading at $83,263, a 1.14% decrease in the last 24 hours. This movement comes as investors carefully assess macroeconomic uncertainties and look ahead to this week’s Federal Reserve meeting.

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The financial world is waiting for Wednesday, when the Fed is scheduled to provide investors with an inflation update. Specifically, the upcoming FOMC meeting, set for March 18-19, has market watchers keen to hear Fed Chair Powell’s insights on trade policy, fiscal policy adjustments, and crucially, the quantitative tightening (QT) program. Many are anticipating a possible pause or even a halt to QT.

Despite recent encouraging economic indicators, the expectation remains that the Federal Reserve, aiming for a 2% inflation target, will maintain its current stance when its two-day meeting concludes on Wednesday. Market analysts are currently factoring in 0.75 percentage points of interest rate cuts by the year’s end, with the first anticipated as early as June.