Michael Saylor, founder of Strategy, reinforces his stance on Bitcoin purchases following recent price surges.
Record Growth of Bitcoin
Bitcoin has reached a new record high, surpassing $109,500, resulting in all Bitcoin-holding addresses becoming profitable. Michael Saylor, whose company is the largest corporate holder of Bitcoin, expressed his bullish outlook on the cryptocurrency on X.
Predictions and Opinions
Saylor emphasized that at current record prices, investors not purchasing Bitcoin may miss out on profitable opportunities. He noted an expected surge of institutional investments into Bitcoin that could significantly increase its price: "When banks finally bless Bitcoin and experts agree it's a good idea, everyone will want to buy it, and you won't be able to afford it."
Investment Strategy of Strategy
As of now, Strategy holds 576,726 Bitcoins, acquired for about $40.18 billion. Their recent purchase consisted of 7,390 Bitcoins for approximately $764.9 million, at an average price of $103,498 per Bitcoin.
Michael Saylor's remarks highlight his confidence in the continued growth of Bitcoin and the significance of investing in the cryptocurrency amid increasing institutional interest.
