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Michael Saylor believes that bitcoin will return to its ATH

Michael Saylor believes that bitcoin will return to its ATH

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With Cripto247 Editorial Office

Michael Saylor believes that bitcoin will return to its ATH
Michael Saylor believes that bitcoin will return to its ATH

The CEO of MicroStrategy also slipped that the cryptocurrency will be around USD 500K in the next ten years.

Michael Saylorpresident of a software company Microstrategyagain spoke publicly in defense of bitcoin (BTC) and sure that the initial cryptocurrency will climb back to its all-time peak sometime in the next four years. BTC price is currently around USD 20,000, 70% lower than the USD 69,000 reached in November 2021.

Saylor he made it clear that he is not worried about BTC bear moment and the crypto market in general. Indeed, he confirmed earlier this week with a new investment MicroStrategy billionaire in cryptocurrency. With more than 130 thousand BTC, the firm currently stands as the best corporate investor in the industry.

Read more: MicroStrategy’s new investment: $6 million is dumped into bitcoin

The businessman decided to go even further with his forecast and that slipped BTC $500,000 could reach the base if its capitalization follows the same steps as gold. “The next logical step for bitcoin is to replace gold as a non-sovereign asset of value”, he pointed out. Currently, the amount of BTC is about 365 billion dollars and the precious metal is about 11 trillion.

MicroStrategy never stops investing

just a few days ago, Saylor announced on his official Twitter account that MicroStrategy dumped another 6 million dollars to add 301 BTC to its balance, at an average price of USD 19,851. In this way, the firm has invested 3.98 billion dollars, and its current capital is 2.5 billion. Until BTC breaks above $30,700, the financial strategy will not make a profit.

Keep reading:

MicroStrategy returns to the fray and prepares a new investment in bitcoin
Internal conflicts in the crypto industry may affect development
A short analysis of the current state of the crypto market and the price of bitcoin

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