Twitter Hodlers Celebrate as Bitcoin Tops $30k

Is the bear market over for bitcoin? Some investors think the asset’s recent $30,000 breakthrough means that the worst is over

article-image

Skorzewiak/Shutterstock modified by Blockworks

share

Bitcoin broke through $30,000 on April 11, reaching price levels not seen since June of last year. 

Following the milestone, Microstrategy’s Michael Saylor took to Twitter to declare that “Bitcoin is champion.”

Loading Tweet..

Saylor vacated his role as the company’s CEO in 2022, but remains its executive chair. He also oversees the company’s bitcoin transactions. 

Bitcoin (BTC) above $30,000 puts Microstrategy back in the green in its investment. The average purchase price of MSTR’s bitcoin bet is just over $29,000. On April 5, Microstrategy added 1,045 bitcoin to its position for around $29.3 million. 

Other bitcoin bulls, such as YouTuber @CryptoRover used the price action as a chance to declare that the bear market was over. 

Loading Tweet..

Investor Lark Davis insinuated that this was just the beginning of a crypto rally, saying that “The day will soon come when buying Bitcoin under $30,000 will seem like as much of a fantasy as buying BTC under 3k is to us now.”

Loading Tweet..

And of course, celebratory hodlers never miss an opportunity to throw some shade. Twitter user and self-proclaimed “Chief Hodler” @CarlBMenger posted a sad Spongebob and teased, “Still waiting for 10k like your favourite crypto YouTuber recommended?”

Loading Tweet..

“Is nature healing?” Money manager Genevive Roch-Decter, who goes by @Grdecter on Twitter, asked.

Loading Tweet..

Another Twitter user @TheBitcoinTherapist also declared the bear market over and shared a meme showing a ship sinking with Silicon Valley Bank, Credit Suisse, Silvergate and FedNow aboard it. 

Loading Tweet..

Peter Schiff, CEO of Euro Pacific Capital and a well-known critic of bitcoin, took to Twitter to say that the rally is being driven by existing hodlers, and that the “institutional adoption is over.”

Loading Tweet..

Crypto trader @PKycek shared a chart of Bitcoin and noted that the bitcoin “dominance chart is trending nicely” but he added “let’s see if there is a reversion…” 

Loading Tweet..

Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (11).png

Research

Union’s technical design brings measured improvements to crosschain interoperability. By combining a consensus-verified hub with novel constructs like state lenses and ZK proofs for client updates, Union achieves an interoperability protocol that is highly performant, trust-minimized, and scalable.

article-image

“Diverse opportunities emerge alongside macroeconomic tailwinds,” zondacrypto CEO says

article-image

Commerce plans transparent, tamper‑resistant data distribution via blockchain for economic metrics

by Blockworks /
article-image

It’s unclear whether the celeb ever knew about the account made using his name

article-image

Sharps Technology raised $400 million in PIPE offering

article-image

Offchain Labs’ Tandem will work exclusively with Succinct on a zkVM

article-image

Fundstrat’s chief investment officer may be the apex bull