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

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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.

MarketWatch’s material

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.

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