Tuesday, September 26, 2023
HomeEthereumThe Biggest Bull In Bitcoin Made A Wild $6 Million Price Prediction...

The Biggest Bull In Bitcoin Made A Wild $6 Million Price Prediction as Ethereum Rivals Make Huge Gains

Bitcoin and cryptocurrency prices staged Santa Rally later this week, with Bitcoin prices surpassing $ 50,000 per Bitcoin —Even if Tesla’s Elon Musk and Twitter co-founder Jack Dorsey spar over the future of cryptocurrencies..

Bitcoin prices have risen to levels not seen before the crash in early December, pushing up Ethereum prices. in the meantime, Smaller cryptocurrencies, including Ethereum and its biggest rivals, have skyrocketed in recent weeks..

Bitcoin evangelist Michael Saylor’s gigantic prior to the pre-Christmas surge in the crypto market Bitcoin price forecast Revealed as well as his personal Bitcoin stash of nearly $ 900 million.

Sign up for free now CryptoCodex— Daily newsletter for anyone interested in cryptocurrencies.Helps you understand the world of Bitcoin and crypto on weekdays

More from Forbes“Bitcoin only empowers new rich people”-Elon Musk reveals why he supports Dogecoin better than Ethereum, despite falling prices

According to details in a November interview with a technology news site, MicroStrategy CEO Michael Saylor, who has turned a business intelligence company into a Bitcoin acquisition method in the last 18 months, has finally reached a Bitcoin price of 6 million. Expected to reach the dollar. information It was featured in this week’s Crypto Global newsletter.

The $ 6 million Bitcoin price has already risen from about $ 4,000 in March 2020 to a high of about $ 70,000 last month, bringing the total value of about 19 million Bitcoins in circulation to $ 126 trillion. It will increase by about 12,000% from the current 12,000%. With a market capitalization of $ -1 trillion, it is one of the most valuable products in the world.

Saylor also said he personally owns 17,732 Bitcoins, is worth about $ 823 million at current prices, and has never sold them. However, I do not own any cryptocurrencies other than Bitcoin. Despite having many climbs last year with clips much faster than Bitcoin..

“I don’t think we should sell Bitcoin,” Sailor said. information..

After starting Bitcoin acquisition in August 2020, MicroStrategy has now purchased more than $ 122,000 worth of Bitcoin, worth about $ 6 billion, and is increasingly operating as two separate businesses.

“For now, the strategy is to run the software business as hard as possible,” Sailor said. “On the other side, we get and hold Bitcoin.”

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More from ForbesBitcoin “replaces the US dollar”-Jack Dorsey made fundamental predictions as prices soared and boosted Ethereum

MicroStrategy’s first $ 250 million Bitcoin purchase is now worth about $ 1 billion and has since been funded by the company’s debt and made a series of blockbuster Bitcoin purchases. Its latest $ 82 million Bitcoin purchase took place earlier this month.

The company’s stock price has risen 300% since August 2020 and has skyrocketed, but it has fluctuated significantly with the volatile Bitcoin price.

Notorious for losing $ 6 billion a day during the dot-com bubble, Sailor became known for his quirky and flashy Bitcoin quotes.

“Bitcoin is a swarm of cyber hornets that serve the Goddess of Wisdom, eat the fire of truth, and grow smarter, faster, and stronger than ever behind a wall of encrypted energy,” Sailor said in 2020. Tweeted in September.

A large Bitcoin rally last year or so helped take it more seriously on Wall Street and by established tech giants. Bitcoin has swept Wall Street this year, Many of the largest banks have begun deploying crypto services and are building up in the crypto market...

Former Twitter this week
CEO Jack Dorsey, who recently quit the social media giant co-founded to grow a payments company, said Expected Bitcoin will eventually replace the US dollar..


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