Michael Saylor: «Bitcoin will recover to $ 69,000 in four years»

The former CEO of MicroStrategy has suggested that in the next four years, the first cryptocurrency will exceed the all-time high (ATH) of $ 69,000 reached in November 2021.

Michael Saylor stated that he is not afraid of the protracted crypto winter. Despite the rather prolonged market decline this year, the businessman is confident that in a few years, bitcoin will be able to make a huge leap and reach its historical maximum. According to the entrepreneur’s forecast, in the next decade, bitcoin will be trading at $ 500,000 per coin if its market capitalization equals gold. Currently, there is a huge difference between the capitalization of these two assets: about $ 11 trillion for gold and about $ 371 billion for bitcoin.

For many years, Saylor has established himself as a supporter of the flagship cryptocurrency, and MicroStrategy is considered one of the largest bitcoin holders.

Recently, MicroStrategy acquired another 301 BTC at $ 19 851 per piece, increasing its holdings to 130,000 coins. It is worth noting that MicroStrategy is the largest institutional investor in bitcoin. Just a month after the company’s CEO Michael Saylor resigned and a week after the Washington Attorney General sued the company and Saylor for tax evasion, the company started buying bitcoins.