The frenzied price movement in the cryptocurrency market does not seem to bother the uber-bullish billionaire CEO of software business MicroStrategy. He has made another bold prediction for Bitcoin, despite the fact that his favourite cryptocurrency is struggling to stay over $30,000 per coin.
The executive, who began building his Bitcoin reserve in 2020, underlined that he is holding it for the long term, and his approach remains the same — to acquire and keep the world’s biggest cryptocurrency.
With 129,218 BTC, the Saylor-led business analytics company MicroStrategy is the largest corporate holder of Bitcoin, due to several purchases. Its massive BTC stake is presently slightly in the red, with an unrealized loss of around $70 million at the time of writing.
However, Saylor’s promise that there is no price target at which MicroStrategy would begin selling its BTC holdings is immovable. Despite the fact that the market-wide crisis has wiped off billions of dollars, the foremost Bitcoin maximalist and his business are calmly staying steady.
Saylor was quoted as stating during an interview with Yahoo Finance Live,
“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.”
