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
501
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?
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024
Market
The project will offer a decentralized alternative to traditional banking services
Aug 29, 2024
Trends
Within a week of its launch, the platform managed to overtake its main competitor, Pump.fun on the Solana network
Aug 28, 2024