Michael Saylor, president and co-founder of MicroStrategy, of bitcoin He said he could return to the $68,990 peak he reached in November “within the next four years” and could reach $500,000 in the next ten years if it equalizes the market value of gold.
Saylor Reports Following Four-Year SMA in Bitcoin Price
Saylor told the Best New Ideas in Money Festival that MicroStrategy is also making improvements on the Lightning network, which is a layered payment protocol over the Bitcoin network.
Saylor used the following statements on the subject in his interview:
“We develop Lightning wallets that can be deployed to businesses, for example you can give Bitcoin to your 1,000 employees in one afternoon, or we build Lightning walls that you can wrap in a layer of digital energy to protect your websites from cybersecurity attacks.
We deal with cyberspace and continue to spread Bitcoin. We will use our enterprise software skills to do this.”
Meanwhile, Saylor said he watches Bitcoin’s four-year simple moving average for a potential bottom, this metric currently stands at around $20,000:
“He touched this a few times. I think it’s stable.”
“The next logical stop for BTC is to replace gold as an independent store of value,” Saylor said.
According to a filing with the US Securities and Exchange Commission on Tuesday, MicroStrategy purchased 301 BTC between August 2 and September 19 for approximately $6 million. in cryptocurrency has increased its assets to over 130,000.
Saylor said he personally holds about 17,732 BTC, which he bought at around $9,500 two years ago.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!