Erik Voorhees Makes Important Comment on MicroStrategy’s Latest Bitcoin Buy By U.Today

From Investing.com
September 14, 2024 11:30 AM:

Erik Voorhees, founder of ShapeShift and Venice AI, praises MicroStrategy’s latest Bitcoin purchase, totaling 18,000 BTC at an average price of $60,408, worth $1.1 billion. He sees it as a bold move, citing the devaluation of the U.S. dollar and national debt. Max Keiser also lauded the decision.

Michael Saylor, MicroStrategy’s chairman, believes Bitcoin could reach $10 million per coin within 21 years, echoing a prediction by cypherpunk Hal Finney in 2009. Saylor credits the company’s BTC strategy for outperforming S&P 500 stocks. Finney, who received the first Bitcoin transaction, speculated on $10 million per coin.

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