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1 The best cryptocurrency to buy before it goes up 12,000%, according to this CEO
There are few people who can say they are big fans Bitcoin (CRYPTO: BTC) by Michael Saylor. The CEO of MicroStrategy (NASDAQ:MSTR) has become what could only be described as a Bitcoin evangelist.
Over the past four years, his company has embarked on a strategy of replacing all available liquidity with Bitcoin and, in some cases, even going into debt to buy more Bitcoin. Today, MicroStrategy it owns about 1% of the total supply of Bitcoin.
It may seem absurd to some to do such a thing, but if all goes according to plan, Saylor’s decision to pursue the Bitcoin strategy could earn him and his company billions, especially if Bitcoin reaches his recent prediction of 8 million dollars per coin, a 12,000 percent increase over the current price. Here’s how and why Saylor believes the global cryptocurrency can maintain its historic pace.
Source Fool.com