Bitcoin

<h2 id="header-0">Michael Saylor&#39;s Massive Bitcoin Holdings</h2><p>Mr. Saylor, a top official in the MicroStrategy company, has recently stated that his combined investment in BTC goes way beyond the $1 billion level. In an interview with Bloomberg, Saylor compared Bitcoin to “cyber Manhattan”, underlining that choosing AI would be a safe bet in prime assets always.</p><h2 id="header-1">Details of Saylor&#39;s Bitcoin Holdings</h2><p>He did not give out the specific numerical figures about his BTC share at that time. But he had already communicated in a post on <a href="https://x.com/saylor/status/1321422012380753921" rel="noopener noreferrer nofollow">X (formerly Twitter</a>) in 2020 the fact that he holds 17,732 BTC. The purchase price of this BTC was $175 million.</p><h2 id="header-2">Saylor Highlights Bitcoin’s Superiority</h2><p>Saylor was the one to specify in the <a href="https://www.bloomberg.com/news/videos/2024-08-07/there-s-never-a-bad-time-to-buy-bitcoin-michael-saylor-says?src&#61;wgna" rel="noopener noreferrer nofollow">Bloomberg interview </a>that besides being usually better than traditional physical and financial assets, BTC was also better than those. He judged BTC maximum possible role as creating unprecedented riches for individuals, in the first place, but also corporations and countries. Saylor also agreed that BTC inherent volatility was, in his view, generating credit and liquidity, hence, weaker short-term gains, and impulsively, but periodically, through the generation time, good asset gains and durability.</p><p>Under his guidance, MicroStrategy carries out operations with BTC. The company currently possesses approximately 226,500 Bitcoins, the price of which is $13 billion. This tactical decision has not solely pushed the revaluation of MicroStrategy stocks but has also put the company in the position of the world&#39;s largest public owner of Bitcoins.</p><h2 id="header-3">Bold Predictions for Bitcoin&#39;s Future</h2><p>At a recent Bitcoin conference, Saylor predicted that BTC would hold the market capitalization of $280 trillion in 2045. He opined that BTC, which is currently just 0.1% of the total global wealth, has the upside to grab 7% in a base scenario, which would be equal to $13 million per BTC. In the more bullish scenario, Saylor is seeing Bitcoin gaining up to 22% of the world’s wealth, with each BTC worth possibly going up to $49 million. Saylor’s bullish views on Bitcoin are based on his belief in the importance of the <a href="https://btc-pulse.com/canada-sets-strict-ciro-compliance-deadline/" rel="noopener noreferrer nofollow">cryptocurrency</a> as a financial safe haven alongside traditional assets. He argued the fact that BTC has remained unaffected by geopolitical or economic crises while fiat currencies and physical assets do not, makes BTC the better choice. Bitcoin Reserve: A &#34;Louisiana Purchase Moment&#34;</p><p>Recently, Saylor associated the United States purchasing a strategic reserve of BTC  with the &#34;Louisiana Purchase moment&#34;. Saylor told CNBC that he was in favor of Wyoming Senator Cynthia Lummis’ proposed BITCOIN Act. One of the main ideas of this Act is to make the US Treasury buy 1 million BTC that would make up almost 5% of the Bitcoin supply gradually.</p><p>Saylor compared this event to Thomas Jefferson’s purchase of the Louisiana Territory for $15 million in 1803, which doubled the United States’ territory. In his phrasing, BTC is a “rare, expensive digital property” and campaigned for trading in a small amount of currency or paper for a digital item that billions of individuals will want in the future.</p><blockquote>&#34;Bitcoin is rare, a virtual product that is in demand and desirable. The best way to preserve nearly dead money or at some point a couple of pieces of paper for this place where one billion people are going to want to be in 100 years is a great idea to Michael Saylor.</blockquote><h2 id="header-4">Conclusion</h2><p>Michael Saylor has recently announced that he holds a large quantity of <a href="https://btc-pulse.com/us-senators-propose-secret-services-crypto-crimes/" rel="noopener noreferrer nofollow">BTC</a>. This act of showing how much he trusts the cryptocurrency, makes clear that he is not going to give up his faith in it. His perceptions and the decisions he makes on a strategic level pers</p>

Billionaire Michael Saylor Reveals Personal Holdings Over $1 Billion in Bitcoin

Table of Contents

BTC-Pulse

Other articles published on Aug 8, 2024

5 Best Crypto Presales to Watch Closely: The Next Crypto Unicorns? (Promising 1000x Gain in Short...

MEW Liquidity Grab Rose 16%: Animated Clips Fueling MEW Price

SOL and XRP Shine Bright: Crypto Market Sees Positive Turn

Bitcoin Price Eyes Additional Upsides: Will The Recovery Persist?

Bithumb Announces Listing of io.net Token (IO) – Elevating Accessibility in the Korean Crypto Market

RBI’s Digital Rupee Gains Momentum with Google and Amazon Planned Joint Effort

Join our free newsletter for daily crypto updates!