U.Today – Erik Voorhees, an OG who founded Spaceshift and recently also Venice AI, has published a post on the X platform to comment on the recent large Bitcoin purchase announced by Michael Saylor's giant MicroStrategy.
Earlier this week, the company’s CEO announced the acquisition of another Bitcoin block that far surpassed the previous ones made this year. In addition to Voorhees, another big Bitcoiner praised Saylor for the BTC acquisition: Max Keiser.
Erik Voorhees praises MicroStrategy's Bitcoin purchase
Voorhees praised MicroStrategy’s massive Bitcoin acquisition. This time, the company added a staggering $18 billion, paying a whopping $1.1 billion for that new chunk of BTC.
They bought Bitcoin at an average price of $60,408. Now, the company owns 244,800 BTC valued at $14,675,662,080.
Voorhees called this purchase a “bold move,” noting that Bitcoin’s value continues to grow and that MicroStrategy continues its “crusade” to accumulate BTC. Like many Bitcoiners now, Voorhees believes that the US dollar is rapidly losing value due to the multiple cash printings recently implemented by the US government and the country’s rapidly growing national debt.
Speaking about the aforementioned purchase, he tweeted: “Selling continually undervalued assets for scarce assets.”
Bitcoin maximalist and official BTC advisor to El Salvador President Nayib Bukele, Max Keiser, also praised Michael Saylor and MicroStrategy’s decision to increase the company’s bet on Bitcoin.
$10 million for Saylor and Hal Finney in the future
Earlier this week, Michael Saylor visited CNBC’s Squawk Box to discuss Bitcoin with the hosts. During the conversation, he said that thanks to the BTC strategy adopted by MicroStrategy four years ago, the company is currently outperforming all other S&P 500 index participants in terms of share price growth.
Saylor also shared his bullish expectations, saying that in 21 years Bitcoin could skyrocket to $10 million per coin.
It is worth noting that a similar prediction was made in 2009 by cypherpunk legend Hal Finney, who received the first Bitcoin transaction from the mysterious Satoshi Nakamoto.
Many members of the community believed that Hal Finney was the real Satoshi. Finney claimed in a post on a Bitcoin forum that if Bitcoin becomes the most widely used payment system, each of its 21 million coins would likely fetch a price of $10 million.
This article was originally published on U.Today
