Saylor's bull case gives Bitcoin a $49 million price target in 2045, putting its market cap at an astronomical $1 quadrillion. Even the bear case is very optimistic, with Bitcoin's price rising at an average annual pace of 18.4% and hitting $3 million in 20 years.
MicroStrategy continues its ambitious Bitcoin acquisition strategy with a $1.1 billion purchase of 10,107 BTC, bringing its total holdings to 471,107 BTC, while implementing new financing mechanisms to support future cryptocurrency investments.
Bitcoin is down Monday, but MicroStrategy keeps buying, revealing its 12th straight weekly BTC purchase as its stash nears $50 billion.
Bitcoin bonds” offer insurers a less risky way to purchase cryptocurrency.
MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency. Most Read from BloombergWhat Happened to Hanging Out on the Street?
As a result, Saylor predicts Bitcoin could soar to $13 million per coin by the year 2045, which would translate to an eye-popping 13,031% gain for investors who buy it at the current price of about $99,000. But how realistic is that target?
MicroStrategy co-founder Michael Saylor has hinted at another Bitcoin purchase scheduled for Jan. 27, following the company’s recent acquisition of 11,000 BTC on Jan. 21.
The MicroStrategy CEO is buying as much of the cryptocurrency as he can. Some big-name investors are going along for the ride.
Nasdaq-listed Nuvve is the latest company to announce a Bitcoin reserve: The green energy firm will allocate 30% of its cash to the asset.
MicroStrategy Inc. (MSTR) shares edged up 1% in pre-market trade on Wednesday after analysts at Mizuho initiated coverage for the Bitcoin (BTC) proxy with an ‘Outperform’ rating. According to TheFly,
Miller Value Partners, led by Bill Miller IV, acquired 50,250 shares of MicroStrategy Inc. (NASDAQ:MSTR) during the third quarter of 2024, a move that has yielded lower returns compared to Bitcoin (CR