Microstrategy and Bitcoin

[ClubMan]

Michael Saylor, CEO of MicroStrategy, recently made an interesting statement regarding Bitcoin. His company holds a significant amount of Bitcoin in its treasury, second only to BlackRock, the world’s most prominent asset manager, which has launched a Bitcoin exchange-traded fund (ETF).

According to Saylor, Bitcoin will grow at an average annual interest rate of 29% over the next 21 years, and by 2045, in his best-case scenario, Bitcoin will be worth $13 million.

Mystic Michael?
With a vested interest in talking up Bitcoin.
Yeah, very interesting.

 

[conor_mc]

Mystic Michael?
With a vested interest in talking up Bitcoin.
Yeah, very interesting.

Did you say that 4 or 5 years ago when he predicted it would go to €100k???

Okay, so I don’t even know if he did publicly predict 100k. But I remember thinking 30k was absolutely bonkers in 2017/18 and when it crashed back to 10k thinking show’s over, that’s that bubble burst. So what if it’s actually something different. Let’s be honest, fiat currencies and govt borrowing are doing the damn best to make it seem attractive!

Ps, I don’t believe it’ll go to 13m unless USD goes Weimar, I’m just playing devil’s advocate!