The CEO of Microstrategy expects Bitcoin to reach $ 6 million, which is “unstoppable” and will replace gold.Executive I personally own 17,732 Bitcoins while his company holds 122,478 Bitcoins.
Microstrategy CEO expects Bitcoin to reach $ 6 million
In a recent interview with Information released this week, Microstrategy CEO Michael Saylor talked about his Bitcoin strategy and BTC price forecasts.
Saylor has revealed that he personally owns at least 17,732 Bitcoins. This is the same amount we disclosed last October. At current BTC prices, his Bitcoin hiding place is worth nearly $ 858 million.
Microstrategy executives have never sold Bitcoin and do not believe it should be sold. In addition, the reported information:
Saylor predicts that Bitcoin will reach $ 600,000 per coin and eventually $ 6 million.
Microstrategy, on the other hand, has accumulated 122,478 BTC and is worth nearly $ 6 billion at its current price. Coins were acquired with an average purchase price of $ 29,861 and a cost base of $ 3.7 billion, according to the company’s Investor Day presentation released last week.
MicroStrategy claims to be “the world’s largest Bitcoin listed company owner and the first public company to adopt Bitcoin as its primary financial reserve asset.” Its corporate strategy is to “acquire and hold Bitcoin in the long run” and “buy Bitcoin using surplus cash flow and debt and stock trading”.
In November, Sailor said Bitcoin was “unstoppable” and “appeared as a $ 100 trillion asset class.” The CEO has repeatedly stated that BTC will replace gold. Earlier this month he said: “Gold was once the most desirable and valuable store. Bitcoin is now playing its part.”
What do you think of Michael Saylor’s Bitcoin price forecast? Let us know in the comments section below.
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