BTC31011
07/15 04:22
Michael Saylor Doubling Down on Bitcoin Price Pred
The former chief executive of the software firm Strategy, formerly known as MicroStrategy, is doubling down on his massive price prediction for Bitcoin (BTC) as it continues to trade above the six-figure level. In a new interview with CNBC Television, Bitcoin firebrand Michael Saylor says that as institutions enter the top crypto asset by market cap, BTC should experience a supply shock and a surge in price. “There’s been a surge of Bitcoin treasury companies. There’s like 100 public companies or more. They’re holding Bitcoin on their balance sheet. And every single week, there’s another announcement. I think that it used to be that we’re focused on the halvings. But at this point, the entire natural supply of Bitcoin is only 450 Bitcoin available for sale every day. That’s sort of about $45 – $50 million a day at ..
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