Michael Saylor, a well-known supporter of Bitcoin and former CEO of MicroStrategy, has introduced a new tool called Bitcoin24. This open-source model predicts Bitcoin’s growth and adoption over the next 21 years. It also includes smaller models to help individuals, companies, institutions, and even countries plan their Bitcoin strategies.
Bitcoin24 aims to provide a clear and easy-to-understand forecast of Bitcoin’s potential as a major financial asset. It helps people see how Bitcoin could grow in value and how they can best use it to their advantage.
Bitcoin24 is designed to show everyone—from regular people to big organisations—how to make the most of Bitcoin,” said Saylor. “This tool gives a glimpse into the future of Bitcoin and helps prepare for it.
Bitcoin24 is an open-source macro model forecasting asset growth and #Bitcoin adoption over the next 21 years, along with micro models to evaluate various Bitcoin strategies for individuals, corporations, institutions, and nation-states.https://t.co/t3CAfJ9lX8
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— Michael Saylor⚡️ (@saylor) August 30, 2024
Saylor’s initiative comes at a time when more people are seeing Bitcoin as a valuable asset and a hedge against inflation. By making Bitcoin24 open-source, he encourages collaboration and transparency, inviting others to contribute to and improve the model.
With Bitcoin24, Michael Saylor continues to lead the charge in promoting Bitcoin, offering a roadmap for its future and helping to make it a key part of the global financial system.
Microstrategy, Bitcoin, & Profit
MicroStrategy holds a substantial amount of Bitcoin, totaling 226,500 BTC. The company has invested approximately $8.5 billion into these holdings, with an average purchase price of $36,821 per Bitcoin.
At the current Bitcoin trade prices, which are around $58,167, MicroStrategy’s Bitcoin investment has appreciated significantly, resulting in an unrealized profit. Based on these figures, the company’s Bitcoin holdings are now valued at roughly $14.7 billion.
This strategic investment, led by Saylor, reflects MicroStrategy’s strong belief in Bitcoin as a store of value and a hedge against inflation, despite market fluctuations.
Read also: Vitalik Buterin Moves Millions in ETH, Raising Community Concerns
Michael Saylor Introduces Bitcoin24: A New Tool for Predicting Bitcoin’s Future
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