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Crucial Bitcoin Revelation Made by Michael Saylor: ‘We Are All Competing’ for This
In a recent statement, MicroStrategy’s CEO, Michael Saylor, has made a significant declaration about the current state of the Bitcoin market. In his latest interview, he emphasized that all institutional investors and corporations are in fierce competition to acquire more BTC due to the growing demand for digital assets.
MicroStrategy, which has been consistently expanding its Bitcoin holdings, has become a pioneer in this space. The company has acquired over 123,000 BTC since August 2020, with a total value of approximately $41.5 billion. This massive investment has made MSTR one of the largest holders of Bitcoin globally.
Saylor stated that he believes institutional investors and corporations are now competing to accumulate more Bitcoin due to its immense potential for growth and returns on investments. He emphasized this point by saying:
“We are all competing in a world where there is a limited supply [of 21 million] and growing demand.”
This statement highlights the stark contrast between the early days of cryptocurrency adoption, when most investors viewed it as a speculative asset, to the current market landscape where institutional investors and corporations have started recognizing Bitcoin’s potential.
The growing demand for digital assets has led many prominent institutions, such as investment firms, hedge funds, and even governments, to consider investing in cryptocurrencies. As Saylor stated, this increased interest has created an intense competition among these players.
As a result, the price of Bitcoin continues to fluctuate wildly due to these large-scale buying and selling activities. The most recent incident occurred when Bitcoin dropped by 3.14%, falling from $102,530 to $99,315, followed by a small rebound that saw it rise back to $100,700.
In his recent remarks, Saylor emphasized the company’s commitment to expanding its Bitcoin holdings further, stating that they will continue to do so until Bitcoin reaches an all-time high.
Source: u.today
