Michael Saylor, the executive chairman of the Bitcoin management company Strategy, commented on the recent fluctuations in Bitcoin's price, providing an optimistic forecast.
Saylor's Bullish Prediction on Bitcoin
Saylor stated that Bitcoin could reach $1 million per coin, as he believes it will not go to zero. This information was shared on his Twitter, where he also noted that after a 4.33% drop, the asset had recovered by 2.35%, falling from $108,350 to $103,660.
Current Bitcoin Status and Company Strategies
Saylor's company, Strategy, currently holds 582,000 BTC worth $63.85 billion. It recently purchased 1,045 Bitcoins for $110.02 million. This year, Strategy also achieved a 17.1% return on Bitcoin investments.
Movement of 8,000 Bitcoins and Its Implications
Recent analysis showed that 8,000 Bitcoins aged three to five years were moved. These Bitcoins were transferred from Coinbase Custody and are likely linked to MicroStrategy or Bitcoin ETF allocations. The analyst noted that neither Saylor's Strategy nor ETFs are likely to actively buy BTC this week.
Amidst current market uncertainties, Michael Saylor's predictions of Bitcoin's future growth continue to generate interest among investors and analysts.
