Michael Saylor, founder and chairman of Strategy (NASDAQ: MSTR), believes that Bitcoin “made in America” is worth $1 million.
Bitcoin supporters were responding to GameStop CEO Ryan Cohen’s comments on X (formerly Twitter) about the potential hike when Apple spoke out.
Please note that most iPhones are manufactured in China. President Donald Trump was called the day of release as part of the global “mutual tariffs” he imposed on April 2.
Saylor told Cohen he loves “Made in the Usa” Bitcoin worth $1 million. Last month, President Donald Trump not only announced the creation of a strategic Bitcoin Reserve, but also vowed to make the United States a “bidden powerhouse of Bitcoin.”
In a previous post, Saylor said, “Bitcoin offers resilience in a world full of hidden risks,” against the backdrop of the stock market defeat after tariffs. Saylor is known to be extremely encouraging other companies, including GameStop getting Bitcoin.
The founders of the strategy also expanded the volatility of X’s assets. He said traders will sell “not what they want” during market panic. The sale of Bitcoin only emphasizes its highly liquid nature, he added.
Bitcoin is traded like a “risk asset” in the short term, but it should not correlate with long-term movements, Saylor argued.
A big believer in a long-term potential valuation of Bitcoin’s value, Saylor has transformed his strategy into Bitcoin’s largest corporate holder in the world. As of April 4, the company holds 528,185 BTC worth $44 billion.
The company’s stocks were unable to escape an immediate market conflict, but showed resilience, increasing 3.29% on April 4th, trading at $291.57 at press time.
Bitcoin was trading at $83,932.00 at press, following Kraken’s price supply. Cryptocurrency has skyrocketed 2% in the last 24 hours, but continues to fall into the red zone.