Michael Saylor, founder of MicroStrategy, believes the price of BTC will reach its all-time high of $69,000 in the next four years, MarketWatch has reported.
According to him, Bitcoin has bottomed out in the current bear cycle and he expects it to rise to $500,000 in the next decade.
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Saylor has said he personally owns 17,732 BTC, which he bought for about $9,500 about two years ago. Thus, the total amount of his BTC investments exceeds $165 million.
He has also stated that Bitcoin has a high probability of replacing gold as a reserve asset of value due to the impossibility of its control by governments.
MicroStrategy has previously purchased an additional 301 BTC valued at $6 million.