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MicroStrategy CEO sees BTC purchases as path to greater US p...
25-12-2024 10:11
MicroStrategy CEO sees BTC purchases as path to greater US prosperity
MicroStrategy CEO sees BTC purchases as path to greater US prosperity

Analysts are puzzling over how many Bitcoins the US government could buy to ensure a prosperous future. According to MicroStrategy Executive Chairman Michael Saylor, the US government could purchase about 20%–25% of the total supply of Bitcoin. That is a significant amount!

Saylor emphasized that the United States should act quickly before the price of BTC increases 100 times. He also pointed out that investing in Bitcoin is as lucrative as investing in Manhattan real estate, which has always been in demand.

Earlier, the MicroStrategy CEO shared his long-term forecast for the first cryptocurrency. Based on his calculations, Bitcoin will grow at an average annual rate of 29% over the next 20 years. By 2045, he predicts that the price of the digital currency will exceed $13 million.

Saylor believes that once the US government incorporates Bitcoin into its strategic reserves, other countries will follow suit. He suggests that BTC purchases could help address the growing national debt in the future.

Experts have praised MicroStrategy’s business strategy, which has proven resilient and effective, largely due to its Bitcoin purchases. As a result, the company’s profits have soared, and criticism from some market participants has faded amid Bitcoin’s steep rally, the entrepreneur added.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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