Bitcoin is nearing a crucial price point at 58,000 USD, the average purchase price for MicroStrategy, which owns over 150,000 BTC, representing about 3% of Bitcoin’s total supply.

If Bitcoin falls below 58,000 USD, MicroStrategy could be forced to liquidate its assets, potentially leading to significant losses for the market and a loss of confidence in Bitcoin.

Despite the risks, some analysts suggest Bitcoin might reach 500,000 USD, which could elevate MicroStrategy’s market position and enhance Michael Saylor’s wealth.