Bitcoin Will Go Into the Millions, Predicts MicroStrategy's Michael Saylor

Bitcoin Will Go Into the Millions, Predicts MicroStrategy’s Michael SaylorMichael Saylor’s bold prediction follows a market-wide bloodbath as Microstrategy’s own BTC position hangs in red.

The exec, who started to build up his Bitcoin reserve in 2020, reiterated his stance that he is in for the long-term, and his strategy is still the same – to buy and hold the world’s largest cryptocurrency.Owing to countless Bitcoin purchases, the Saylor-led business intelligence firm, MicroStrategy, is still the largest corporate holder of the cryptocurrency, with 129,218 BTC.

The executive of the Nasdaq-listed software company also believes this drawdown and the subsequent regulation will, in fact, be “good for the industry.” Ultimately, when the dust settles, people will realize that Bitcoin is superior to the thousands of existing crypto-assets, argued the proponent.

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