Michael Saylor Predicts That Bitcoin Will Go Into the Millions
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Michael Saylor's Speculative Prediction
MicroStrategy, the Saylor-led business intelligence firm, is still the most significant corporate holder of Bitcoin, with 129,218 BTC, thanks to several Bitcoin acquisitions. Its massive BTC stake is currently slightly in the red, with an unrealized loss of almost $70 million. On the other hand, Saylor is unshaken in his belief, stating that there is no price goal at which MicroStrategy will begin liquidating its BTC holdings. Even though the market has lost trillions of dollars, the prominent Bitcoin maximalist and his company are patiently sticking firm.
Saylor was cited as stating in an interview.
"There's no price target. I expect we'll be buying bitcoin at the local top forever. And I expect Bitcoin is going to go into the millions. So we're very patient. We think it's the future of money."
The MicroStrategy executive also stated that Bitcoin is the future of money. It requires an "ethically, economically, and technically solid" foundation and second layers, such as Lightning Network, to scale up to billions of transactions.