Important News: Prediction of a Significant Increase in Bitcoin by Year-End / Chairman of MicroStrategy; MicroStrategy Plans to Invest $42 Billion in Bitcoin

Sunday, February 02, 2025  Read time1 min

SAEDNEWS: Michael Saylor, the founder and chairman of MicroStrategy, predicts a significant rise in Bitcoin's price by the end of the year.

Important News: Prediction of a Significant Increase in Bitcoin by Year-End / Chairman of MicroStrategy; MicroStrategy Plans to Invest $42 Billion in Bitcoin

According to SaedNews, Michael Saylor, the founder and chairman of MicroStrategy, forecasts that Bitcoin's price will reach $100,000 by the end of 2024. In an interview with CNBC, he attributed Bitcoin's growth to Wall Street support and favorable regulatory developments. Saylor mentioned that MicroStrategy's investors and shareholders are keen on purchasing more Bitcoin.

Saylor also announced that MicroStrategy plans to invest $42 billion in Bitcoin. In the first 10 days of November, the company invested $2 billion to acquire 27,200 Bitcoins, and today, it announced the purchase of an additional 51,780 Bitcoins worth $4.6 billion.