Bitcoin

Bitcoin to Hit $1,000,000, Michael Saylor Says, Here’s What’s Accelerating It

Michael Saylor, co -founder and executive president of the giant strategy fueled by Bitcoin, published a tweet, urging the community to accelerate its exposure to the BTC before it is too late to buy a bitcoin.

The desire for Haussier Bitcoin de Saylor

Saylor shared a table showing the degree of the exposure of leading fund management companies (ETF) of fund management companies (ETF). Only five of the entities on the list have an exposure without restriction to Bitcoin – Fidelity, Charles Schwab, Wells Fargo, Mariner and Fisher Investments. Between the five of them, they invested 19.149 billion dollars in Bitcoin.

Companies with restrictions on Exposure to Bitcoin ETF have $ 20,886 billion invested in BTC -based product.

Saylor's message is that this uncertainty of institutions can end quickly, when Bitcoin reaches $ 1,000,000: “When your financial advisor says that it is normal to buy Bitcoin, it will cost $ 1 million,” said Saylor. He believes that “when they say it's a good idea, it will be $ 10 million”.

At the beginning of the week, Saylor's Company announced a massive purchase of Bitcoin while it acquires 15,335 BTC for an astonishing sum of $ 1.42 billion in Fiat. After adding this amount to its hiding place, the strategy now has 553,555 BTC, worth around 37.90 billion dollars.

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Saylor reveals why Warren Buffett does not understand Bitcoin

During a recent interview with the chief of research at the Bitwise Invest, Ryan Rasmussen, Michael Saylor was asked about his opinion on the reasons why Warren Buffett, such a renowned investor, continues to reject Bitcoin as an investment asset.

Saylor replied that he thought that bitcoin is a “paradigm change”, comparing it to the invention of electricity, radio waves and similar things. It is sure that the BTC is likely to have a similar impact on the future of humanity, and he said that you can hardly blame people living in 1890 who could not appreciate the future potential of electricity.

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Bollinger groups promise a large Bitcoin price movement

The trader and popular analyst of cryptocurrency Ali Martinez shared a BTC graphic, showing that the largest cryptocurrency in the world could be in a major price movement. This graph shows a group of Bollinger tighten on the four -hour table.

It is a technological analysis tool that indicates a period of low volatility and a potential for a high price increase. Therefore, Martinez expects that “a major price movement could be fast.”

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