“The next logical stop for bitcoin is to replace gold as a non sovereign store of value asset,” said Michael saylor, chairman and co-founder of MicroStrategy. Saylor said he personally holds about 17,732 bitcoins. MWMoneyFestival
Michael Saylor, chairman and co-founder of MicroStrategy Inc. MSTR, -0.35%, said bitcoin could go back to $68,990, its peak reached in November “sometime in the next four years,” and could reach $500,000 in the next decade if it matches the market cap of gold.
“We’re building Lightning wallets that can be deployed to enterprises, say that you can give it to 1,000 of your employees in an afternoon, or lightning walls where you can wrap your websites with a layer of digital energy to protect it from cybersecurity attacks,” Saylor said. “We’re interested in cyberspace and continue to spread Bitcoin. We’re going to use our enterprise software skills to do that,” he said.
“The next logical stop for bitcoin BTCUSD, -3.21% is to replace gold as a non sovereign store of value asset,” Saylor said. Between August 2 and Sep. 19, MicroStrategy bought some 301 bitcoin for about $6 million, pushing its holdings of the crypto to more than 130,000 coins, according to a filing with the U.S. Securities and Exchange Commission on Tuesday.
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