Following the rapid bitcoin sell-off, Microstrategy CEO Michael Saylor is still bullish on the world's most valuable cryptocurrency in the long run, with a buy-and-hold strategy.

In a recent tweet, Michael Saylor revealed the formula that he believes will bring success.

Any blockchain-based network is built on the foundation of mathematics.

Rather than relying on intermediaries, regulators, rules, or leaders, these platforms rely on the proven logic of math-based models to establish an ecosystem that works for all users.

As the equation indicates, the supply of Bitcoin is capped at 21 million. Based on this mathematical logic, there can never be more than 21 million BTC in existence.

Satoshi also created bitcoin's reward system to encourage rapid spread. The first block reward was 50 BTC, which was reduced to half every 210,000 blocks.


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Michael Saylor's Bold Bitcoin Forecast: 'It's either zero or a million!'

Simplifying the complex world of crypto: In an ever-changing economy, Bitcoin is poised for extraordinary growth.

A choice between making history or fading into obscurity. Let's embrace the potential!



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#MichaelSaylor criticizes #Ethereum, labeling it a security and rejecting a spot ETF

Dive into the debate and discover what this means for the future of $ETH and the broader crypto market

https://coinpedia.org/news/michael-saylor-took-a-jab-at-ethereum-labelling-it-a-security-rejects-spot-etf/

By 2045, the price of Bitcoin will reach $13 million, according to Michael Saylor.

He made this statement at a Bitcoin conference in Nashville. Under this average scenario, Bitcoin will account for 7% of the world's wealth.

Negative scenario: $3 million per coin
Positive scenario: $49 million per coin.



#Bitcoin #Microstrategy #MichaelSaylor #Coinpedia