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U.Today - Max Keiser, a financial journalist who has been the Bitcoin advisor to the El Salvador president Nayib Bukele, has reaffirmed his ultra-bullish BTC price prediction. It happened after vocal Bitcoin evangelist Michael Saylor was featured on a fresh issue of the Forbes magazine’s front cover. Keiser shared an image of this cover in his tweet.
Saylor featured in Forbes article as "Bitcoin Alchemist"
Cofounder and executive chairman of the MicroStrategy company, Michael Saylor, appeared on the cover of the Jan. 30 Forbes issue, with an article about him entitled “The Bitcoin Alchemist.”The article tells the story of how MicroStrategy, under Saylor’s leadership, took the “Bitcoin path” and started accumulating the digital gold in August 2020 with the spare cash on its balance. That Bitcoin accumulation was rare at first, but the purchases were made on a regular basis.
A couple of years ago, MicroStrategy started raising debt by offering investors senior convertible notes, and it bought more Bitcoin with the proceeds. MSTR holders have been rewarded with yields on their investments, giving them indirect Bitcoin exposure in the same way a spot ETF does. However, Saylor’s company began raising funds from investors before the SEC approved spot Bitcoin exchange-traded funds in January last year.
"$2,200,000 in play," Keiser reacts
Since November 2024, when Bitcoin began to score new all-time highs one after another due to various factors, the main one being Donald Trump’s victory in the presidential election, MicroStrategy has accelerated its Bitcoin accumulation process and started to buy BTC much more frequently. After Bitcoin went up higher than $100,000, Saylor put on a huge party at his Florida house to celebrate this event. Many crypto entrepreneurs, financial experts, influencers and journalists attended it on Sayolor’s invitation.Its most recent purchase features a whopping $1.1 billion worth of Bitcoin bought by the company. Now, MicroStrategy holds 471,107 BTC valued at roughly $50 billion. Saylor’s personal net worth soared from $1.9 billion in 2024 to $9.4 billion in January of this year.
Keiser posted the Forbes cover with Saylor on it and commented “$2,200,000 in play,” reaffirming his earlier ultra-bullish Bitcoin price prediction. At writing time, the world’s leading cryptocurrency is changing hands at $104,420 per coin after losing the $106,000 level overnight — a 2.46% decline.