MicroStrategy’s CEO, Michael Saylor, is a name known for his unwavering belief in the largest cryptocurrency, Bitcoin. Over the last four years, his company has implemented a strategy of replacing all its cash with Bitcoin and even borrowing money to buy more Bitcoin. Today, MicroStrategy owns approximately 1% of the total Bitcoin supply.
New comments from cryptocurrency fan Saylor
Few people can claim to be a bigger Bitcoin (BTC) fan than Michael Saylor. MicroStrategy’s CEO has become a Bitcoin evangelist. His company has embarked on a strategy of replacing all its cash with Bitcoin over the past four years and even going into debt to buy more Bitcoin. Today, MicroStrategy owns approximately 1% of the total Bitcoin supply. While this may seem like too much of a leap to some, Saylor’s Bitcoin strategy could make him and his company billionaires if all goes according to plan. In particular, if Bitcoin reaches Saylor’s last assumption, this would mean $8 million per coin, which represents a 12,000% increase from its current price.
Saylor explains why and how the world’s cryptocurrency, Bitcoin, can maintain its historical momentum. last weekend cryptokoin.com As we reported, Europe’s largest Bitcoin conference was held in Prague and one of the keynote speakers was Michael Saylor. In his speech titled “21 Rules of HODLing”, Saylor gave detailed information about the intricacies of investing in Bitcoin, the lessons he learned and, of course, a little speculation. Saylor made a few points in his speech, but the most compelling was highlighting the convenience and role of Bitcoin (and why he thinks the cryptocurrency could reach $8 million per coin).
Bitcoin, the No. 1 “safe haven” asset
In Saylor’s eyes, Bitcoin is the first-class safe-haven asset. Its decentralized and nearly impenetrable network makes Bitcoin immune to the manipulation that is rampant in the current financial system. In other words, investors can rest assured that their hard-earned money invested in Bitcoin will be there when they need it, and will likely become more valuable as time goes on. The reason for this is that only 21 million Bitcoins will be created and the speed of Bitcoins entering the market will decrease thanks to the “halving”.
Saylor said that in the current world, economics and markets are guided, coerced and manipulated by the regulators and institutions that oversee them. This, he believes, inevitably harms those who are forced to play in this unfair game that is prone to inflation, ever-increasing debt and ever-changing politics.
But there is a way out with Bitcoin. Investors can be assured that there will only be 21 million coins, halvings will occur approximately every four years, and nothing will change, no matter who is the leader, deputy leader, or corporate director. Saylor believes the world is starting to notice this paradigm shift.