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1 Top Cryptocurrency to Buy Before It Soars 15,072%, According to MicroStrategy's Executive Chairman Michael Saylor
You won't find anyone more bullish on Bitcoin (CRYPTO: BTC) than Michael Saylor. As the executive chairman of the Bitcoin treasury company MicroStrategy, which now goes by the name Strategy, Saylor more or less pioneered the idea of taking a struggling company and using its available funds to buy hoards of the world's largest cryptocurrency.Strategy began buying Bitcoin in 2020 and hasn't stopped. It has paid off, and its stock has absolutely soared. The company has also been able to tap the capital markets to raise debt that it can then use to buy Bitcoin. Late last year, Saylor predicted that the price of the token could soar 15,072% over time, and he still seems as bullish as ever. Let's take a look.Last November, Saylor went on CNBC and reiterated that he thinks Bitcoin has the potential to hit $13 million per token by the year 2045. He believes the cryptocurrency can deliver a 29% annualized rate of return (ARR) between now and 2045, which he says wouldn't be that outlandish considering it has generated annualized ARRs of 60% historically.Continue reading
You won't find anyone more bullish on Bitcoin (CRYPTO: BTC) than Michael Saylor. As the executive chairman of the Bitcoin treasury company MicroStrategy, which now goes by the name Strategy, Saylor more or less pioneered the idea of taking a struggling company and using its available funds to buy hoards of the world's largest cryptocurrency.
Strategy began buying Bitcoin in 2020 and hasn't stopped. It has paid off, and its stock has absolutely soared. The company has also been able to tap the capital markets to raise debt that it can then use to buy Bitcoin. Late last year, Saylor predicted that the price of the token could soar 15,072% over time, and he still seems as bullish as ever. Let's take a look.
Last November, Saylor went on CNBC and reiterated that he thinks Bitcoin has the potential to hit $13 million per token by the year 2045. He believes the cryptocurrency can deliver a 29% annualized rate of return (ARR) between now and 2045, which he says wouldn't be that outlandish considering it has generated annualized ARRs of 60% historically.
