Former MicroStrategy CEO reveals his investments in bitcoin
Michael Saylor also predicted the growth of the first cryptocurrency to $69 000 in the next four years
24.09.2022 - 09:55
448
1 min
0
What’s new? MicroStrategy’s founder and chairman of the board Michael Saylor revealed that he personally holds 17 732 BTC ($336,5 million at the Binance rate as of September 24). According to MarketWatch, he bought these assets about two years ago at the rate of $9500 for $165 million. Saylor also predicted that the first cryptocurrency’s rate will rise to $69 000, which he believes will happen over the next four years.
What else did Saylor add? The MicroStrategy founder also believes that bitcoin has reached its bottom in the current bear market. He predicts that the first cryptocurrency could hit the $500 000 mark in the next decade. He also reiterated his view that bitcoin could soon replace gold as a store of value asset.
As of September 24, 08:30 UTC, BTC is trading at $18 978, the asset lost 1,5% in price per in 24 hours, according to crypto exchange Binance.
On July 27, Saylor spoke at the largest blockchain summit in Eurasia, Blockchain Economy Istanbul. He called gold “dead money” and compared bitcoin to royal real estate.
At the beginning of August, MicroStrategy announced changes in its management team. Saylor stepped down as head of the company, his place was taken by Phong Le. Saylor plans to focus on buying bitcoin and promoting the cryptocurrency to the masses, while Phong Le will manage general corporate operations.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024