Michael Saylor Predicts That Bitcoin Will Go Into the Millions

The frenzied price activity in the bitcoin market does not seem to bother MicroStrategy’s uber-bullish billionaire CEO. Even as his favorite cryptocurrency battles to stay over $30,000, Michael Saylor has another bold forecast for Bitcoin. The executive, who began building his Bitcoin reserve in 2020, underlined that he is in it for the long haul and that his approach remains the same: buy and hold the world’s largest cryptocurrency. Bitcoin Will Go Into the Millions, Predicts MicroStrategy’s Michael Saylor https://t.co/CPC3BjCmrf — Mindless Crypto News (@Mindless_Crypto) May 20, 2022 Michael Saylor’s Speculative Prediction MicroStrategy, the Saylor-led business intelligence firm, is still the most significant corporate holder of Bitcoin, with 129,218 BTC, thanks to several Bitcoin acquisitions. Its massive BTC stake is currently slightly in the red, with an unrealized loss of almost $70 million. On the other hand, Saylor is unshaken in his belief, stating that there is no price goal at which MicroStrategy will begin liquidating its BTC holdings. Even though the market has lost trillions of dollars, the prominent Bitcoin maximalist and his company are patiently sticking firm. Saylor was cited as stating in an interview. “There’s no price target. I expect we’ll be buying bitcoin at the local top forever. And I expect Bitcoin is going to go into the millions. So we’re very patient. We think it’s the future of money.” The MicroSt...