Benefiting from the continuous new highs of Bitcoin, the listed company Bitcoin holding giant MicroStrategy's stock price has soared significantly this year, even outperforming Bitcoin. MicroStrategy also insists on continuing its investment in Bitcoin, and this week announced a plan to issue a total of $2.6 billion in convertible bonds and use the proceeds to continue increasing its Bitcoin holdings.
In addition, MicroStrategy recently announced the launch of the "21/21 Plan" at the end of last month, which will raise $21 billion in equity financing and issue $21 billion in bonds over the next three years, a total of $42 billion, to be used to purchase more Bitcoin.
MicroStrategy founder Michael Saylor is very optimistic about the prospects of Bitcoin. In July this year, at the Bitcoin conference, he predicted that Bitcoin could reach $13 million by 2045, accounting for 7% of global wealth, and could even rise to $49 million under bullish conditions.
However, MicroStrategy's Bitcoin holding strategy has been questioned by some market participants. Recently, MicroStrategy was targeted by the American short-selling institution Citron Research, which directly pointed out that MicroStrategy's stock trading volume has completely deviated from the fundamentals of Bitcoin, and although it is still optimistic about Bitcoin, it has shorted MicroStrategy to hedge, which caused MicroStrategy's stock price to plummet more than 16% on Thursday.
Robert Kiyosaki agrees that Bitcoin may reach $13 million
However, the best-selling investment book author of "Rich Dad, Poor Dad", Robert Kiyosaki, recently tweeted in strong support of Michael Saylor's Bitcoin strategy and agreed that Bitcoin will reach $13 million:
According to Michael Saylor's forecast, Bitcoin will reach $13 million, and I believe he is right, he is a smart guy, if Saylor's forecast is correct, buying 0.01 BTC at today's price may make investors millionaires in the future.
This is better than taking on $50,000 in student loans, studying for years, just to get a fragile MBA degree. Get smarter... Buy Bitcoin today, that's what I'm doing.
$13 million Bitcoin:....according to Michael Saylor. I believe he is right. He is one smart boy. Bitcoin today is $90,000. If Saylor is on target....which I think he is…. that means for $9,000 today….you buy .01 Bitcoin today…you are a millionaire tomorrow. Sure beats…
— Robert Kiyosaki (@theRealKiyosaki) November 20, 2024
Plan to increase Bitcoin holdings to 100 coins
Robert Kiyosaki has long criticized the rapid growth of US debt, which will lead to hyperinflation of the US dollar and ultimately make the dollar worthless like toilet paper, and has repeatedly called on investors to turn to safer assets such as gold, silver and Bitcoin. Earlier this month, he also disclosed his initial Bitcoin investment cost and current holdings.
Robert Kiyosaki revealed that he bought his first Bitcoin at $6,000 and continued to increase his position as Bitcoin rose to $76,000, and currently owns 73 Bitcoins. He hopes to increase his Bitcoin holdings to 100 coins within the next year (regardless of price), and will store more of his income in real currencies like Bitcoin, gold and silver.
