Microstrategy CEO Foresees Bitcoin’s Price Reaching $6 Million – Markets and Prices Bitcoin News
The CEO of Microstrategy expects the value of bitcoin to achieve $6 million, noting that it’s “unstoppable” and can change gold. The govt personally owns 17,732 bitcoins whereas his firm is hodling 122,478 bitcoins.
Microstrategy’s CEO Expects Bitcoin to Hit $6 Million
Microstrategy CEO Michael Saylor talked about his bitcoin technique and BTC worth prediction in a latest interview with the Information, printed this week.
Saylor revealed that he personally owns no less than 17,732 bitcoins, which is identical quantity he disclosed again in October final yr. At the present BTC worth, his bitcoin stash is price virtually $858 million.
The Microstrategy govt by no means offered any of his bitcoins and doesn’t imagine they need to ever be offered. Furthermore, the Information reported:
Saylor foresees bitcoin hitting $600,000 a coin, and ultimately $6 million.
Meanwhile, Microstrategy has amassed 122,478 BTC, price virtually $6 billion on the present worth. The cash had been acquired at a mean buy worth of $29,861 and for the price foundation of $3.7 billion, based on the corporate’s “Investor Day” presentation, printed final week.
Microstrategy described itself as “the largest publicly traded corporate holder of bitcoin in the world and the first public company to adopt bitcoin as primary treasury reserve asset.” Its company technique is to “Acquire and hold bitcoin long-term” and “purchase bitcoin through use of excess cash flows, and debt and equity transactions.”
In November, Saylor stated that bitcoin was “unstoppable” and can “emerge as a $100 trillion asset class.” The CEO has repeatedly stated that BTC will change gold. He stated early this month: “Once upon a time, gold was the most desirable store of value. Now bitcoin is taking its place.”
What do you consider Michael Saylor’s bitcoin worth prediction? Let us know within the feedback part beneath.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational functions solely. It will not be a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any harm or loss induced or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.