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Michael Saylor’s Bitcoin Bet Makes MicroStrategy a Wall Street Phenomenon

MicroStrategy and Bitcoin Strategy: MicroStrategy is currently holding a large amount of 331,200 Bitcoin, a strategy initiated in 2020. This brings significant profits, with an average daily profit of 500 million USD as the stock price rose from 9 USD to over 420 USD thanks to both the rise in Bitcoin’s value and stock performance.

Skepticism and bold forecasts: Despite success, MicroStrategy’s approach still causes skepticism due to valuation based on Bitcoin reserves. Michael Saylor predicts Bitcoin will reach 13 million USD by 2045, sparking controversy over Bitcoin’s future as a mainstream asset.

The current Bitcoin market: Bitcoin is currently priced at 97,686 USD, down 1.34% in the last 24 hours but up 131.09% since the beginning of the year. Its market capitalization reaches 1.93 trillion USD, and the 24-hour trading volume is 55.18 billion USD. Recent price increases are driven by capital inflows into Bitcoin ETFs in the US.

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