MicroStrategy founder Michael Saylor has reiterated his highly bullish outlook on Bitcoin, predicting the cryptocurrency could reach $1 million per coin. Saylor stated his belief that the prolonged ‘crypto winter’ is unlikely to return, citing growing institutional adoption and favorable macroeconomic conditions.
MicroStrategy (MSTR), under Saylor’s leadership, has become one of the largest publicly traded holders of Bitcoin due to its persistent accumulation strategy since 2020. This significant holding has bolstered market confidence in both Bitcoin and the company’s stock performance.
Saylor highlighted key factors reinforcing Bitcoin’s value proposition, including accelerating institutional adoption, persistent inflationary pressures, and Federal Reserve monetary policies. He emphasized Bitcoin’s role as ‘digital gold’ and a hedge against fiat currency depreciation.
The BiyaPay platform facilitates global investor access to U.S. and Hong Kong equities, including MSTR stock, using the USDT stablecoin without requiring offshore bank accounts. The platform supports transactions in over 30 fiat currencies.
Saylor’s unwavering conviction continues to influence investor sentiment and contributes to volatility in MSTR’s stock price. Platforms like BiyaPay offer investors a streamlined method to gain exposure to Bitcoin through equities like MSTR.