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Mar 2022
23m 21s

885: MICHAEL SAYLOR PREDICTS BITCOIN HIT...

JUSTIN VERRENGIA
About this episode

Microstrategy CEO and Bitcoin bull Michael Saylor expects the Bitcoin price to hit $600,000 per coin before eventually reaching $6,000,000 per BTC, noting that the king crypto is "unstoppable" and will replace gold to, “emerge as a $100 trillion asset class.”


“Once upon a time, gold was the most desirable store of value. Now bitcoin is taking its place.”


Microstrategy described itself as “the largest publicly traded corporate holder of bitcoin in the world and the first public company to adopt bitcoin as primary treasury reserve asset.”


Its corporate strategy is to “Acquire and hold bitcoin long-term” and “purchase bitcoin through use of excess cash flows, and debt and equity transactions.”

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