- Michael Saylor’s CEO says Bitcoin will hit $150,000 by the end of this year.
- The CEO Phong Le then explains in a detailed video why they expect these results.
- The firm’s BTC holdings and continuous accumulation should yield high gains.
The price of Bitcoin declines once again, slightly tracing back to the $115,000 price range, giving BTC accumulators a golden chance to buy during another opportune price dip. One such entity is Michael Saylor’s Strategy. The firm just announced another effort to raise funds to buy more BTC. Meanwhile, Strategy CEO says Bitcoin will hit $150,000 by the end of this year in a detailed Bitcoin guidance video.
Strategy CEO Says Bitcoin Will Hit $150,000 by Year’s End
Since the last bull cycle Strategy has been committedly buying more and more Bitcoin. The firm’s tenacity has not slowed down, and its BTC accumulation strategy continues to grow stronger this bull cycle. Over the years, Strategy has accumulated a total of 628,791 BTC, a journey that was started by the company’s own Michael Saylor, a visionary leader and major Bitcoin enthusiast.
Ever since El Salvador made Bitcoin a legal tender and proved the benefits of holding Bitcoin, Strategy’s Michael Saylor was inspired by the Bitcoin philosophy and initiated the Bitcoin strategy in August 2020. Ever since, the firm has been consistently and steadily acquiring more and more Bitcoin as a primary treasury reserve asset, viewing it as an alternative to gold, in the hopes of massive long-term gains.
So dedicated is Saylor to Bitcoin’s cause that he also advised President Trump to commence BTC accumulation under the US government as well. A feat that may finally go into play when the US Strategic Reserve starts to accumulate BTC rather than simply holding seized Bitcoin from various unsavory scenarios. Most recently, Strategy made another announcement saying it is raising funds to buy more Bitcoin.
At the moment, Strategy is leagues ahead in terms of the Bitcoin accumulation race. The only entity ahead of Saylor’s Strategy is El Salvador. Both players will likely continue to lead as neither of them has shown any signs of slowing down their Bitcoin accumulation efforts. As we can see from the post above, Strategy CEO, Phong Le, announces guidance saying Bitcoin will hit $150,000 by the end of the year.
Strategy Continues to Stockpile Bitcoin (BTC)
Le talks about how $150,000 is a conservative expectation for the price of Bitcoin (BTC) this bull cycle. He then mentions the BTC yield % they take into account based on the year-end target, and Strategy expects a 30% increase in their Bitcoin investments, making incredible gains of up to $20 billion. The CEO goes on to break down the reasons behind these expectations in the video.
