Michael Saylor: Bitcoin Price Will Rise Again by the End of the Year, Current Core Narrative Revolves Around Institutional Accumulation

BlockBeats News, September 24th, Strategy founder Michael Saylor stated today in an interview with CNBC that the true story of Bitcoin at the moment lies in corporate adoption. Large ETF institutions such as BlackRock continue to purchase Bitcoin, which accounts for all new natural supply, representing the interests of institutional investors. Moreover, the 180 Bitcoin reserve companies have purchased even more than miners' supply. "I believe that as we overcome recent resistance and some macro headwinds, the price of Bitcoin will start to rise again by the end of the year."

Furthermore, in the interview, Michael Saylor once again emphasized the view that Bitcoin is digital gold. "Bitcoin is the technological version of gold, that is, digital gold. In my opinion, its scale will be ten times that of gold."