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The CEO of Microstrategy Predicts Bitcoin Will Reach $6 Million

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Microstrategy’s CEO anticipates bitcoin’s price to reach $6 million, stating that it is “unstoppable” and will eventually supplant gold. The executive owns 17,732 bitcoins personally, while his company has 122,478 bitcoins.

The CEO of Microstrategy Predicts Bitcoin Will Reach $6 Million
In a recent interview, Microstrategy CEO Michael Saylor discussed his bitcoin strategy and BTC price projection.

Saylor confirmed that he personally holds at least 17,732 bitcoins, the same number he disclosed last October. At the current BTC exchange rate, his bitcoin holdings are worth over $858 million.

See also: Cryptocurrency Trading: How to Protect Yourself

Source: Bitcoinkoers.com

Microstrategy’s executive president has never sold any of his bitcoins and believes they should never be sold. Additionally, the Information stated:

“According to Saylor, bitcoin will eventually reach $600,000 per coin and eventually $6 million

Meanwhile, Microstrategy has amassed 122,478 BTC, which is currently worth nearly $6 billion. According to the company’s “Investor Day” presentation published last week, the coins were acquired at an average purchase price of $29,861 and a cost base of $3.7 billion.

See also: Cryptocurrencies: all you need to know before investing in them

Microstrategy characterized itself as “the world’s largest publicly traded corporation and the first public company to utilize bitcoin as its principal treasury reserve asset.” Its corporate strategy is to “acquire and keep bitcoin for the long term” and to “buy bitcoin using excess cash flows, as well as debt and stock transactions.”

According to Saylor, bitcoin is “unstoppable” and will “emerge as a $100 trillion asset class” by November. The CEO has stated repeatedly that BTC would eventually supplant gold. “Once upon a time, gold was the most sought store of value,” he stated earlier this month. Bitcoin is now displacing it.”

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