Michael Saylor, the co-founder of MicroStrategy, is a big fan of the cryptocurrency industry. While in panic many investors are withdrawing their marbles from the market, his company recently acquired 301 new bitcoins. He recently made statements about the price of the flagship crypto. He shared his impressions regarding BTC finding a stable bottom around $20,000. Here is what the current price of bitcoin (BTC), according to Michael Saylor.
Bitcoin (BTC) would be ready to regain its ATH
During a recent interview, Michael Saylor said that bitcoin (BTC) has bottomed out. According to him, the flagship cryptocurrency is ready to hit its former all-time high price level of more than $60,000. It should be able to reach this value in the next four years, he said. Saylor added:The logical next step for bitcoin is to replace gold as a non-sovereign store of value.“.
Apart from that, Michael Saylor said that his company is currently developing a Bitcoin Lightning Network wallet. The portfolio will be designed for MicroStrategy’s primary customer base, which is enterprises. Among other things, it will facilitate the payment of employees in bitcoins.
Separately, Saylor revealed that he is preparing for a future where bitcoin (BTC) could trade at around $500,000. At that time, the market capitalization of the flagship cryptocurrency will be significantly higher than that of gold. It would then amount to approximately 11,000 billion dollars.
Saylor is a leading bitcoin (BTC) evangelist who strongly believes in a cryptocurrency-dominated future. His company, MicroStrategy, is among the BTC whales, with estimated holdings of over 130,000 BTC. Yet his bets on bitcoin were not always successful. They have even already cost MicroStrategy losses of more than a billion dollars.
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