Recently on Michael Saylor, founder of MicroStrategy, announced that the company has bought more Bitcoin.
Specifically, MicroStrategy purchased a total of 5,445 BTC (about $147.3 million). As of now the company holds 158,245 BTC at an Medium price of 29,582 USD per Bitcoin
Previously in an interview with Bloomberg on June 13, Michael Saylor explained that recent enforcement actions from the Securities and Exchange Commission (SEC) will help Bitcoin become “hegemonic” . It is the only cryptocurrency excluded from the securities list by SEC Chairman Gary Gensler.
Saylor said US regulators “don't have any affection” for stablecoins, altcoins or crypto-based financial products. Meanwhile, only Bitcoin is not called "name" by government agencies.
Saylor asserts that Bitcoin will rise to $250,000, 10 times its current price, and believes that cryptocurrency exchanges will be the ones driving this significant price increase.
Michael Saylor has emerged as one of the leading Bitcoin whales. He is also known as the founder and leader of the company MicroStrategy. Since 2020, he bought Bitcoin and has done so continuously since then, regardless of whether BTC goes up or down.
Also Read: Famous people - Who is Michael Saylor?
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