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Bitcoin Could Surge 80x And Beyond, MicroStrategy Explains

MicroStrategy has been making a lot of headlines this year after buying Bitcoin like crazy.

This definitely helps the mainstream adoption of the king coin, as we already reported more than once.

MicroStrategy, which is one of the largest independent publicly-traded business intelligence companies in the world, plans to buy $400 million worth of Bitcoin, according to the latest reports coming from the Daily Hodl.

MicroStrategy buys more BTC

 



The famous Hodlonaut (who is missing from Twitter at the moment) also tweeted this relevant message:

 

Michael Saylor recently revealed that Bitcoin could surge by 100 times from the current price.

Bitcoin can surge by more than 100 times

During a recent fireside chat with Binance founder Changpeng Zhao, Saylor said that Bitcoin has to transform its old narrative of being a volatile and speculative asset that suitable for just investing 1% or 2% of one’s capital into becoming the ultimate safe haven and store of value asset.

 

https://youtu.be/Jb48Q5e4WVg

“I’m talking about getting 50% of the money from 100% of the investors,” he said.

He also made sure to compare Bitcoin and gold. He believes that gold is outdated, and it’s not a true competition for Bitcoin.

“Gold is defective. It’s an antiquated store of value. It was the best store of value for 5,000 years until we invented the computer… It was a good idea until it became not a good idea,” he said as cited by the Daily Hodl. 

At the moment of writing this article, BTC is trading in the reed, and the coin is priced at $19,181.78.

“I’m talking about getting 50% of the money from 100% of the investors,” he said.

He also made sure to compare Bitcoin and gold. He believes that gold is outdated, and it’s not a true competition for Bitcoin.

“Gold is defective. It’s an antiquated store of value. It was the best store of value for 5,000 years until we invented the computer… It was a good idea until it became not a good idea,” he said as cited by the Daily Hodl.

At the moment of writing this article, BTC is trading in the reed, and the coin is priced at $19,181.78.

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