MicroStrategy Founder Michael Saylor Predicts Digital Gold Price to Grow Higher record high of $69,000 in the next four years. This is reported MarketWatch.
He is confident that bitcoin has bottomed out in the current bearish cycle and expects it to rise to $500,000 in the next decade.
Saylor said he personally owns 17,732 BTC, which he purchased for regarding $9,500 regarding two years ago. So, the total amount of his investments in the first cryptocurrency exceeded $165 million.
He also stated that bitcoin has a high chance of replacing gold as a store of value asset due to the impossibility of its control by governments.
Formerly MicroStrategy purchased additional 301 BTC in the amount of $6 million. The average purchase price was $19,851 per 1 BTC.
Recall that Michael Saylor is a well-known supporter of bitcoin. He names the first cryptocurrency the most reliable thing in an unstable world and global reserve asset.
August 8 Sailor resigned as CEO of MicroStrategywhile remaining chairman of the board of directors. Fong Le took over his post.
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