From Nasdaq:

MicroStrategy’s Michael Saylor is making big waves in the world of cryptocurrency with his company’s massive Bitcoin purchases. Saylor is bullish on Bitcoin as a long-term store of value, especially due to its limited supply and potential for price appreciation. He believes Bitcoin could reach a market cap comparable to gold and sees it as a hedge against inflation.

Saylor’s confidence in Bitcoin’s long-term potential has led MicroStrategy to consistently add to its position, regardless of market conditions. Saylor’s strategy is not short-term, but focused on buying and holding Bitcoin for the long haul. This approach has resulted in MicroStrategy owning close to 1% of all Bitcoin in the world, acquired at an average cost of $30,252 per coin.

As Bitcoin adoption surges and its supply remains limited, Saylor believes its price will soar due to increasing scarcity. The cryptocurrency’s deflationary nature and potential to become a hedge against inflation make it an attractive long-term investment, even as it continues to be highly debated among investors.

Despite missing out on Bitcoin’s early surge, Saylor believes it’s not too late to invest in the cryptocurrency. He anticipates a potential 10x increase in Bitcoin’s value, estimating a theoretical future price of half a million dollars per coin. He encourages investors to adopt a long-term outlook and buy-and-hold strategy when considering Bitcoin.

While Saylor’s bullish stance on Bitcoin is compelling, potential investors should thoroughly understand the long-term value proposition of Bitcoin before investing. The cryptocurrency’s volatility and inherent risk should be carefully considered before adding it to a portfolio. Saylor’s unwavering confidence in Bitcoin’s potential for long-term price appreciation, despite missing its early surge, underscores its attractiveness as a long-term investment. Potential investors should carefully weigh the risks and benefits before investing in Bitcoin.



Read more: Here’s Why Michael Saylor and MicroStrategy Are Buying All the Bitcoin They Can Get Their Hands On