Michael Saylor’s Massive Bitcoin Holdings
CryptoNewsTerminal Staff07 Aug, 2024
Michael Saylor’s Massive Bitcoin Holdings
Michael Saylor, the founder of MicroStrategy, has revealed that his personal Bitcoin (BTC) holdings are worth approximately $1 billion at the current market price. This information was shared on Twitter by @T3RN. Saylor has been a staunch advocate for Bitcoin, often touting its potential as a store of value and a hedge against inflation. He has also been criticized for his bullish stance on the cryptocurrency, with some analysts questioning the wisdom of holding such a large amount of his personal wealth in a single asset. Despite the skepticism, Saylor remains confident in Bitcoin's long-term prospects. He has said that he believes the cryptocurrency has the potential to become a global reserve currency, and that it could eventually reach a market capitalization of $100 trillion.
