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Michael Saylor: Will continue to buy Bitcoin even if the price reaches $1 million per coin
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2024-12-10 12:32 6,314
Golden Finance reports that Microstrategy co-founder and former CEO Michael Saylor said in an interview with Barstool Sports founder Dave Portnoy that he plans to continue buying Bitcoin as part of the company’s strategic reserves, even if the price of Bitcoin reaches US$1 million per coin. He'll still buy it. Michael Saylor compared Bitcoin to the Manhattan real estate market. He pointed out that the Manhattan real estate market was considered "expensive" in the 1830s and 1930s, but 100 years later people are still paying more than the market price. Higher money is spent on Manhattan real estate, the only question is whether you can hold it during this time period because people will want to buy. Michael Saylor added that owning Bitcoin is both an economic and a moral decision because it gives the holder the ability to control the money. He also explained Bitcoin to Dave Portnoy in sports terms and said that Satoshi Nakamoto created Bitcoin game where everyone can win. 
Keywords: Bitcoin
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