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Michael Saylor’s MicroStrategy is gearing up to raise $42 billion over the next three years to accumulate more Bitcoin, the firm revealed. $42 billion in Bitcoin is equivalent to about 578,586 BTC, accounting for 2.7% of the total Bitcoin supply.
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A recent paper from the Bitcoin Policy Institute titled The Case for Bitcoin as a Reserve Asset argued that central banks should adopt Bitcoin as a reserve asset to hedge against rising inflation, geopolitical risks, capital control risks, sovereign default, bank failures, and international sanctions imposed by the United States government.
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Bernstein’s report is the latest in a series of bullish Bitcoin forecasts from institutional market researchers ahead of the November US presidential election and stated: “By 2024 end, we expect Wall Street to replace Satoshi as the top Bitcoin wallet.”
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Max Keiser shared: "Hash precedes price. The hash-adjusted inferred price of Bitcoin is now $375,000 per Bitcoin." Max Keiser also blasts Michael Saylor, "He buys Bitcoin because he doesn’t trust the government, who tried to jail him in 2,000, and destroy his wealth with “immoral” inflation, but he wants the same govt to custody his Bitcoin because he thinks they love him."
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Max Keiser tweeted that "Bitcoin God candle on deck: Infinite demand meets extremely limited supply." Bitcoin is likely to skyrocket to a new all-time high of $220,000 due to a key reason – another safe haven asset, gold, reached a new all-time high of $2,713.88 per ounce for the first time in four years.
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Max Keiser says, “Bitcoin is an IQ Test and Trump Failed” in response to news of Trump launching a crypto token. Meanwhile Max Keiser has revealed a board of director MicroStrategy guy told him their internal goal is to own more than 1 million BTC as Bitcoin game theory continues in full effect.
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Now, after the mystery of bitcoin creator Satoshi Nakamoto took a surprise turn, Michael Saylor, founder and executive chairman of MicroStrategy, has revealed the company's endgame is to become a bitcoin investment bank — and to buy up to $150 billion of bitcoin.
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