Michael Sailor’s forecast of BTC cost

Grand Time
1 min readDec 7, 2022

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According to the forecast of MicroStrategy founder Michael Saylor, the price of digital gold will exceed a record high of $69,000 over the next four years. This is reported by MarketWatch.

Michael Saylor is confident that Bitcoin has already reached its bottom in the current bearish cycle, and he expects BTC quotes to rise to the level of $500,000 over the next decade.

Sailor said that 17,732 BTC are in his personal possession. He purchased these Bitcoins for $9500 about two years ago. Thus, the total amount of his investments in the first cryptocurrency exceeded $ 165 million.

He also expressed the opinion that bitcoin has a high chance of replacing gold as an asset to preserve value due to the impossibility of its control by governments.
MicroStrategy recently acquired 301 BTC worth $6 million. The average purchase price was $19,851 for 1 BTC.

Michael Saylor is a well-known Bitcoin supporter. He calls the first cryptocurrency the most reliable thing in an unstable world and a global reserve asset.

Do you agree with him? What is your BTC forecast for the coming years?

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Grand Time
Grand Time

Written by Grand Time

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