• MicroStrategy has purchased 1,045 Bitcoin (BTC) taking its total BTC holdings to more than 140,000.
• Michael Saylor believes that the USD will still remain the world’s reserve currency, but Bitcoin will be an underlying asset to it.
• After a strong 70 percent rally in the first quarter of 2023, Bitcoin (BTC) is currently consolidating at around $28,000 level.
MicroStrategy Purchases Thousands More BTC
MicroStrategy has purchased an additional 1,045 Bitcoin (BTC) taking its total BTC holdings to more than 140,000 on Wednesday April 5th. The company has spent over $4.1 billion in all of the 140,000 Bitcoins it acquired and is very close to breaking even on its average price of Bitcoins held i.e. $29,803 per coin.
Michael Saylor Believes USD Will Remain Reserve Currency With Bitcoin as Underlying Asset
Michael Saylor – executive chairman of Microstrategy said that more and more nation-states will continue to embrace Bitcoins and top regulators have willingly identified Bitcoin as a digital asset. He also said that the USD will still remain the world’s reserve currency but with Bitcoin as an underlying asset to it.
Bitcoin Price Rallied by 70 Percent in Q1 2021
Bitcoin (BTC) experienced a strong 70 percent rally in the first quarter of 2023 and is now consolidating at around $28,000 level. Despite several periods of market volatility, Michael Saylor stands firm and continues to back Bitcoin believing in its future growth potentials.
Could BTC Surge To $30K By End Of Week?
With MicroStrategy’s fresh purchase of Bitcoin on Wednesday April 5th coupled with Michael Saylor’s bullish opinion could mean that the cryptocurrency might surge beyond $30k levels by end of this week? Only time can tell if this prediction comes true or not!
Conclusion
MicroStrategy’s consistent purchase of thousands more bitcoin shows their commitment towards making profits from investments made in cryptocurrencies over a period of time despite several periods of market volatility and uncertainties regarding prices going up or down!