As a researcher with a keen interest in both technology and finance, I can’t help but admire the audacious stance of Michael Saylor, the co-founder of MicroStrategy. His unwavering belief in Bitcoin, even going as far as predicting a price of $1 million per coin, is nothing short of inspiring.
As a dedicated researcher delving into the world of cryptocurrencies, I find myself captivated by MicroStrategy’s persistent approach towards accumulating Bitcoin, even as its value soars to unprecedented heights surpassing $100,000 – a testament to their unwavering faith in the digital asset.
On December 9th, MicroStrategy disclosed that they purchased approximately 21,550 Bitcoins for a total of $2.1 billion, equating to an average price of around $98,783 per Bitcoin during the period from December 2nd to 8th.
By December 8th, MicroStrategy had amassed a total of 423,650 Bitcoins, purchased for approximately $25.6 billion at an average price of around $60,324 per Bitcoin, according to a statement made by Michael Saylor, co-founder and former CEO of the company.
MicroStrategy recently made a Bitcoin acquisition when the cryptocurrency hit unprecedented record highs, surpassing $100,000 for the first time ever on December 5th.
Even though the cryptocurrency has recently reached new peaks, MicroStrategy’s co-founder, Saylor, continues to express optimism about it and maintains his “hold on for dear life” (hodl) strategy.
As a forward-thinking researcher, I am convinced that I will be investing in one Bitcoin when its value reaches the astonishing figure of $1 million per coin. Considering the daily trading volume at such a high price point, my investment would likely amount to approximately $1 billion worth of Bitcoin each day. This prediction was made during a recent interview on Yahoo Finance’s Market Domination.
“I’ll be buying the top forever,” Saylor added.
Advocates of Bitcoin have additionally encouraged the U.S. administration to swap their gold holdings for increased Bitcoin investments, aiming to safeguard against potential inflation.
Transfer your gold reserves and invest in Bitcoin instead, as you could potentially acquire approximately 5 million Bitcoins for the same price. This action would effectively render the entire gold market obsolete, since our adversaries often store their wealth in gold deposits. As a result, their assets would be wiped out, while ours would skyrocket to trillions of dollars,” Saylor expressed.
This is a developing story, and further information will be added as it becomes available.
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2024-12-09 16:49