In a bold proclamation as 2023 comes to a close, MicroStrategy founder Michael Saylor has declared Bitcoin as "this year's winner."�
In a bold proclamation as 2023 comes to a close, MicroStrategy founder Michael Saylor has declared Bitcoin as �this year�s winner.��
The renowned investor shared his sentiment Saturday on X (formerly Twitter) along with a compelling image showcasing the remarkable growth of Bitcoin compared to other traditional assets.
Saylor�s endorsement of Bitcoin�s supremacy comes amidst a dynamic year for the cryptocurrency market. Just a day prior to Saylor�s statement, CoinGecko released its list of the best-performing digital assets in 2023, revealing that 92% of the top 100 by capitalization exhibited growth. Notably, the standout performer was Solana-based meme coin Bonk, boasting an astonishing 7302.9% increase. However, Saylor�s focus remained on Bitcoin, emphasizing its status as the undeniable leader in the race for returns.
On December 30, Saylor took to Twitter to share an image featuring an �army� of Bitcoin supporters waving flags adorned with the cryptocurrency�s logo. His caption, �Forward together,� echoed his optimism for the future of Bitcoin. Just two days earlier, Saylor had referred to Bitcoin as �the future� and posted an image of an eye with the Bitcoin logo, further emphasizing his bullish outlook.
In a move to gauge market sentiment, Saylor conducted a survey among his subscribers on December 26, seeking their predictions for Bitcoin�s price growth in 2024. Based on 75,546 votes, the results indicated varying expectations, with 34.9% anticipating a price of $100,000 and 27.9% foreseeing a price above $200,000.
Saylor�s enthusiasm for Bitcoin�s future extends to his anticipation of a spot Bitcoin ETF launch, which he believes could be the �biggest event on Wall Street in the last 30 years.� He recently predicted a �demand shock� followed by a �supply shock� from the halving, potentially propelling Bitcoin either to zero or to an unprecedented $1 million. Saylor emphasizes that institutional legitimacy is crucial for the latter scenario.
That said, Saylor�s bullish sentiments come even as his company, MicroStrategy, continues to expand its Bitcoin stash. The business intelligence company recently announced the acquisition of an additional 14,620 BTC for approximately $615.7 million. This follows a series of strategic purchases throughout the year, bringing MicroStrategy�s total Bitcoin holdings to an impressive 189,150 BTC, acquired for $5.9 billion at an average price of $31,168.
