⚡️ Michael Saylor: On the future of Bitcoin: The more aggressive, the more certain—
Countries will compete to incorporate Bitcoin into their strategic reserves, and Bitcoin's strategic reserve will be the greatest trade of the 21st century;
On November 19, Michael Saylor spoke at the Cantor Crypto Conference in Miami, outlining his insights on Bitcoin, with some unique points. Let's take a look at the views of the world's largest Bitcoin buyer on Bitcoin—
Michael Saylor: Bitcoin is an asset with no counterparty risk from competitors, nations, companies, creditors, cultures, or currencies.
This makes it alpha;
Bitcoin is the largest cryptocurrency network in the world, with 220 million holders. Bitcoin is becoming the dominant digital currency network.
Michael Saylor: Bitcoin's strategic reserve will be the greatest trade of the 21st century. If the United States holds its current Bitcoin, it will be worth $3 trillion, or if they implement the Bitcoin Strategic Reserve Act, it will be worth $16 trillion, which will drive the U.S. to purchase an additional 1 million Bitcoins within 5 years.
If the U.S. does this, other countries must follow suit.
The more aggressive, the more certain.
Appendix: Before this: MicroStrategy announced yesterday that it used proceeds from stock sales to acquire an additional 51,780 Bitcoins for $4.6 billion between November 11 and 17, 2024, with an average purchase price of $88,627.
As of November 17, 2024, it holds 331,200 BTC at an approximate price of $16.5 billion, with an average holding price of $49,874.
