{"id":138917,"date":"2021-01-28T03:00:17","date_gmt":"2021-01-27T21:30:17","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=138917"},"modified":"2021-01-27T21:25:45","modified_gmt":"2021-01-27T15:55:45","slug":"bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\/","title":{"rendered":"Bitcoin will increase by factor of 100 or 1,000 says MicroStrategy CEO"},"content":{"rendered":"

It seems that MicroStrategy CEO, Michael Saylor knows a thing or two about Bitcoin that most traditional investors overlook. In a recent interview<\/a> with Unchained\u2019s Laura Shin, the CEO claimed that people were <\/span>missing out on a \u201cfundamental issue\u201d about the asset, and instead, they focused on Bitcoin’s technicalities.<\/span><\/p>\n

The chief exec believed that if enough people with \u201cmoney and power\u201d decided to adopt Bitcoin, the asset would only go up in price. Specifically, this would increase Bitcoin\u2019s price \u201cby a factor of a 100 or 1,000,\u201d he said.\u00a0<\/span><\/p>\n

According to Saylor the digital asset\u2019s past market performance, with its highs and volatility, would not matter in the future. The exec stressed that PayPal and Square, which entered the Bitcoin market last year, \u201care going to obliterate everybody else\u2019s opinion\u201d about the future of the cryptocurrency.<\/span><\/p>\n

Further, calling Bitcoin \u201cthe apex monetary asset,\u201d Saylor believed Bitcoin is a \u201ctechnically superior asset\u201d and said:<\/span><\/p>\n

I bought it because I was selling inferior assets. I\u2019m selling the dollar to buy Bitcoin. I\u2019m selling a stock. I\u2019m selling gold, not buying and selling. The issue really is why would I sell the superior thing to buy the inferior thing?<\/span><\/p><\/blockquote>\n

Additionally, the MicroStrategy chief explained how Bitcoin is superior to cash, as a long-term investment.\u00a0\u00a0<\/span><\/p>\n

You can\u2019t use cash to grow the company anymore\u2026 What are you going to invest it in? Well, how about an asset inflation hedge that you can\u2019t make anymore of, pure monetary energy.<\/span><\/p><\/blockquote>\n

As of 22 January 2021, MicroStrategy increased its Bitcoin holding by making an additional purchase. The firm managed to gain from its earlier holdings when bullish conditions prevailed. MicroStrategy also claimed that it <\/span>earned<\/span><\/a> $100 million in two months, from their Bitcoin purchases when the asset was beginning its rally last year. <\/span><\/p>\n

Saylor noted at the time that BTC, which is the firm\u2019s primary treasury reserve asset, had in fact \u201cincreased the overall visibility\u201d of the company in the market. To date, the publicly traded firm has<\/span> 70,784 <\/span><\/a>BTC worth $2.2 billion.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

It seems that MicroStrategy CEO, Michael Saylor knows a thing or two about Bitcoin that most traditional investors overlook. In a recent interview with Unchained\u2019s Laura Shin, the CEO claimed that people were missing out on a \u201cfundamental issue\u201d about the asset, and instead, they focused on Bitcoin’s technicalities. The chief exec believed that ifContinue reading “Bitcoin will increase by factor of 100 or 1,000 says MicroStrategy CEO”<\/span><\/a><\/p>\n","protected":false},"author":34,"featured_media":138918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,20],"tags":[],"class_list":["post-138917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-trading-view"],"acf":[],"yoast_head":"\nBitcoin will increase by factor of 100 or 1,000 says MicroStrategy CEO - AMBCrypto<\/title>\n<meta name=\"description\" content=\"MicroStrategy CEO, Michael Saylor claimed that people were missing out on a \u201cfundamental issue\u201d about Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ambcrypto.com\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin will increase by factor of 100 or 1,000 says MicroStrategy CEO - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"It seems that MicroStrategy CEO, Michael Saylor knows a thing or two about Bitcoin that most traditional investors overlook. In a recent interview with\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ambcrypto.com\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-27T21:30:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/balloon-3206530_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"1002\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alisha Roy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/reporteralisha\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alisha Roy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\\\/\"},\"author\":{\"name\":\"Alisha Roy\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/4ac3cc6b13b31aee74a8cfe6a269f2ce\"},\"headline\":\"Bitcoin will increase by factor of 100 or 1,000 says MicroStrategy CEO\",\"datePublished\":\"2021-01-27T21:30:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\\\/\"},\"wordCount\":350,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/balloon-3206530_1280.jpg\",\"articleSection\":[\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\\\/\\\/ambcrypto.com\\\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\\\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\\\/\",\"url\":\"http:\\\/\\\/ambcrypto.com\\\/bitcoin-will-increase-by-factor-of-100-or-1000-says-microstrategy-ceo\\\/\",\"name\":\"Bitcoin will increase by factor of 100 or 1,000 says MicroStrategy CEO - 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