“Bitcoin Is Digital Real Estate” Says Michael Saylor

“Bitcoin Is Digital Real Estate And Is Now Held By More Than 114 Million People, Making It The Most Widely Held Financial Asset In The History Of The World,” says CEO of MicroStrategy, Michael Saylor.

Microstrategy CEO Michael Saylor has consistently demonstrated his commitment to Bitcoin. Microstrategy presently has 105,085 BTC in its possession. Michael Saylor, like Twitter CEO Jack Dorsey, is a significant name in long-term and serious Bitcoin advocacy.

Michael Saylor’s recent statements come after Crypto.com research revealed that by the end of June, there were over 220 million crypto users.

According to crypto.com, it used on-chain data and other characteristics to collect data from the 24 top crypto platforms.

The months of February and May were especially busy, with the number of crypto users rising from 106 to 203 million.

Chief operating officer of Crypto.com, Eric Anziani posted the research’s team analysed data for “estimated number of crypto users” over the microblogging site.

MicroStrategy held roughly 105,085 Bitcoins as of June 30, 2021, with a total worth of $2.051 billion and an impairment loss of $689.6 million since acquisition, according to a MicroStrategy report from the second quarter of 2021.

This, together with CEO Michael Saylor’s strong belief in Bitcoin, could explain why the company intends to add additional Bitcoin to its reserve in the future.

Saylor in an interview quoted that,

“We are pleased with the outcomes of our digital asset strategy. Our latest capital raise allowed us to expand our digital holdings, which now exceed 105,000 bitcoins. We plan to continue investing additional capital in our digital assets strategy as we advance.”

After the market crash, the crypto market is recovering slowly and hence waking up hopes of previous investors who lost their hard earned money in the crash.

However, crypto market is solely based up on buyers and sellers. It is decentralised and hence no one regulates it. So, if someone buy or hold a good amount of a token its value will go up and if people start shorting it, the value will go down.

Keeping this in mind, The Microstrategy’s CEO Michael Saylor tweeted that “Bitcoin is a team sport”.

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