Michael Saylor, CEO of Strategy (formerly MicroStrategy), considers $80,000 of Bitcoin to be a “historic entry point.” He observed on March 17th while talking to CNBC.
Saylor reasoned that at this price range, Bitcoin is deprived of all risk. He appears to have assured Wall Street, the Banks and the US government that they will eventually adopt Bitcoin.
Bitcoin’s maximalists say the current recession in the market is attributed to concerns about the tariff war. However, if conditions improve, “Bitcoin will move forward in vengeance,” he insisted.
Saylor doubled the “fit” of Bitcoin, riding on President Donald Trump’s procrypt stance. He said the country’s founders wrote in the constitution that gold and silver coins are money.
The CEO of the Strategy said in the 21st century there is only one asset the president himself is urging him not to sell: Bitcoin. In fact, Bitcoin is the only asset the president has approved in 50 years, he added.
Saylor also mentioned strategic Bitcoin reserves, saying that assets sold to clients such as real estate and art could be sold if seized by the US government. Even if it is seized, Bitcoin will not be sold by the government as it is considered to be of high value.
In fact, 19 US are pursuing legislative measures to establish strategic Bitcoin reserves at the state level.
According to Kraken’s price supply, Bitcoin is trading at $85,434.61 at press, crossing the price range of $80,000 to $85,000 for more than a week.
Disclaimer: The above content is for informational purposes only and should not be considered financial advice. Do your own research before investing.