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Sujit Kumar
Sep 14, 2024
by Sujit Kumar

Erik Voorhees Applauds MicroStrategy’s Bold Bitcoin Acquisition

Erik Voorhees Applauds MicroStrategy

Table of contents

  1. Saylor’s Vision for Bitcoin’s Future
Erik Voorhees, founder of Spaceshift and Venice AI, recently praised MicroStrategy's massive Bitcoin purchase announced by the company's executive chairman, Michael Saylor. This week, MicroStrategy added 18,300 BTC to its holdings at an average price of $60,408 per Bitcoin, spending $1.1 billion in total. This acquisition brings the company’s total Bitcoin reserves to an impressive 244,800 BTC, currently valued at $14.67 billion.

Voorhees and Keiser Praise Saylor’s Bitcoin Strategy

Voorhees described the acquisition as a "bold move," highlighting the ongoing growth of Bitcoin’s value amid concerns about the weakening U.S. dollar. The continual printing of cash by the U.S. government and rising national debt have prompted many, including Voorhees, to view Bitcoin as a safe haven against inflation. Max Keiser, Bitcoin maximalist and advisor to El Salvador’s president, also praised Saylor’s unwavering commitment to Bitcoin accumulation.

Saylor’s Vision for Bitcoin’s Future

In a recent interview on CNBC’s Squawk Box, Michael Saylor discussed how MicroStrategy's Bitcoin strategy has enabled the company to outperform other S&P 500 firms in terms of share price growth. Saylor also reiterated his long-term bullish stance on Bitcoin, predicting that it could reach $10 million per coin in the next 21 years. His prediction echoes the 2009 forecast by Hal Finney, a legendary cypherpunk who envisioned Bitcoin reaching the same value.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Erik Voorhees Applauds MicroStrategy
Erik Voorhees Applauds MicroStrategy’s Bold Bitcoin Acquisition
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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