Amidst growing market anxiety surrounding potential commentary from Federal Reserve Chair Jerome Powell, Michael Saylor, CEO of Strategy, shared an insightful post on social media. His image of himself playing chess was captioned simply: ‘Bitcoin is Chess.’ This timing coincides with the financial markets experiencing heightened volatility as they await Powell’s comments. 528,185 BTC in Bitcoin holdings, valued at approximately $44.31 billion, are owned by Saylor’s company and show a healthy profit margin of around 24.35%. Saylor’s strategic perspective on this market shift highlights the importance of long-term strategy over short-term speculation. The erratic trading behavior of Bitcoin shows nervousness with no clear directional momentum. This tension is likely tied to the anticipation of Powell’s commentary, expected to address interest rates and liquidity conditions that could significantly impact various risk assets. Saylor’s analogy suggests a more enduring approach, where resilience and long-term vision are key. Read original article on U.Today