Michael Saylor is one of the leading figures in crypto. He is CEO of MicroStrategy, a publicly traded company that has huge amounts of bitcoins. However, Saylor also owns a decent stock of bitcoins, according to a Tuesday published interview from The Information.
Saylor sees bitcoin rise to $6 million
In the interview, the CEO says that he owns no less than 17,732 bitcoins. So he has more than $800 million in his hands. But in those hands, bitcoins will remain firmly entrenched.
For example, he says he has never sold a bitcoin and that he believes that no one should sell bitcoins. And as soon as you hear his bitcoin price forecast, you understand why he says that.
Saylor sees the bitcoin price namely rising to a bizarre price of $6 million. Such price expectations should of course always be taken with a grain of salt. Ultimately, no one knows where crypto and bitcoin will grow in the coming years. However, his price forecast is striking. It is more than 10,000% higher than the current bitcoin price.
MicroStrategy follows Saylor’s bitcoin price
The company of which Saylor is CEO, MicroStrategy, owns quite a bit more. According to the latest Numbers the company owns a whopping 122,477 bitcoins. MSTR bought these bitcoins at a cost of $3.6 billion and are now worth nearly $6 billion. So not a bad investment.
The company regularly buys bitcoins. in the last bitcoin news we saw MicroStrategy nog once 1.434 buy bitcoins for $84.4 million. It business-intelligence The company made headlines in the summer of 2020 by becoming the first publicly traded company to hold bitcoin in its reserves. Since that initial $250 million investment, MicroStrategy has regularly invested massive amounts of money over the past year and a half.
In an earlier interview, Saylor said that he believed in bitcoin mainly because of the scarcity. This is what he told CNBC:
“My point is that there will never be more than 21 million bitcoins, so it’s a pretty limited supply. It’s the only real scarcity anyone can invest in.”
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