Bitcoin (BTC) Price: BTC Hovers Near $63K as Saylor Calls It ‘Digital Monetary Energy’
TLDR
- Bitcoin traded just under $63,000 on Sunday, ranging between $62,805 and $63,369
- Strategy Chairman Michael Saylor described Bitcoin as “digital monetary energy” in an X post
- Analyst Ted Pillows expects choppy weekend price action until BTC breaks above $65,000
- Key levels to watch: $62,200 support below and $63,400 resistance above
- UBS increased its call-option exposure to BlackRock’s iShares Bitcoin Trust by over 24-fold in Q2
Bitcoin traded just under $63,000 on Sunday, down 0.4% to $62,907, moving within a tight range as traders watched key support and resistance levels.
Strategy Chairman Michael Saylor posted on X calling Bitcoin “digital monetary energy.” He described money as a technology for storing value created through labour, time and resources. Saylor argued Bitcoin improves on both gold and fiat currency by offering a fixed supply and decentralised network.
- Michael Saylor (@saylor) August 15, 2026
He said Bitcoin’s proof-of-work system ties digital property to physical energy, requiring miners to spend computing power to secure the network. About 20.07 million of the maximum 21 million Bitcoin have already been mined, leaving around 929,465 tokens remaining.
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