Michael Saylor "Bitcoin, corporate adoption is driving the rally…will continue through year-end"
Suehyeon Lee
Summary
- Michael Saylor said the core driver of Bitcoin's rise is corporate adoption.
- Saylor said some 180 companies are accumulating Bitcoin, and their accumulated amounts have surpassed miners' supply.
- He forecast that despite short-term variables, the Bitcoin rally will continue through year-end.
Michael Saylor, founder of MicroStrategy, predicted that Bitcoin (BTC) will overcome the current crisis and rise through year-end.
On the 24th (local time), Saylor said in an interview with CNBC, "The core driver of Bitcoin's rise is corporate adoption. Currently, some 180 companies are accumulating Bitcoin, and the amount they hold has surpassed miners' supply."
He added, "Despite short-term macroeconomic variables and resistance, Bitcoin will continue its upward trend through year-end," and forecasted, "Bitcoin is the technical version of gold. Over the long term, it will grow into an asset class 10 times larger than gold."
Suehyeon Lee
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