2024-06-23 04:04:00 ET
There are few people who can claim to be bigger fans of Bitcoin (CRYPTO: BTC) than Michael Saylor. The CEO of MicroStrategy (NASDAQ: MSTR) has become what could only be described as a Bitcoin evangelist.
Over the last four years his company has embarked on a strategy of replacing all its cash on hand with Bitcoin, and in some instances even taking on debt to buy more Bitcoin. Today, MicroStrategy owns around 1% of the total Bitcoin supply.
To some it may seem absurd to do such a thing, but if all goes to plan, Saylor's decision to pursue the Bitcoin strategy could make him and his company billions -- especially if Bitcoin hits his recent prediction of $8 million per coin, a 12,000% increase from its current price. Here's how, and why, Saylor thinks the world's cryptocurrency can keep up its historic pace.
For further details see:
1 Top Cryptocurrency to Buy Before It Soars 12,000%, According to this CEO