The billionaire and CEO of the technology company MicroStrategy are unfazed by the volatile price fluctuations in the crypto market. Michael Saylor has another Bitcoin forecast, even as his favourite cryptocurrency struggles to surpass the $30,000 mark. The CEO, who began amassing Bitcoin reserves in 2020, reaffirmed his commitment to the long term. He stated that he would continue to purchase and hold the largest cryptocurrency. Michael Saylor’s Prediction MicroStrategy is a business intelligence company led by Saylor and possesses 129,218 BTC due to multiple Bitcoin purchases. It is still the largest cryptocurrency-holding company. However, the company’s massive BTC position is negative, representing approximately $70 million in unrealized losses as of this time of writing. Saylor stated that MicroStrategy will not liquidate its BTC holdings until a future date that they are yet to determine. So even though the global market crash has wiped out trillions of dollars, the Bitcoin maximalist’s leader and his company are awaiting the next development. During the interview with Yahoo Finance Live, Saylor said that there is no price objective. Instead, he anticipates that his company will always buy bitcoin at the local price. However, he and his company also expect Bitcoin to reach millions and are consequently very patient as they believe this represents the future of currency. The Future of Money: Bitcoin Terra’s and UST’s cata...
