Whenever there is talk of bitcoin holdings, Technique Company is definitely mentioned, which is first known as Microstrategy. Now once again Technique Michael Saler is going to make a big bet in the case of bitcoin holding and is planning to acquire $ 84 billion bitcoins. In such a situation, it is expected that the price of bitcoin can reach about 1 million dollars.
What is Michael Saylor’s planning
Actually Michael Saylor’s company Technique has planned to acquire $ 84 billion bitcoin. Under this plan, $ 42 billion equity and $ 42 billion fixed income will be funding. On the other hand, by 2025, 25 percent yield (return) target has been fixed from bitcoin holding. In such a situation, it is expected that this move of Michael Saylor can reach the price of Bitcoin around $ 100,000. Michael Saylor Why Technique to Buy More Bitcoin Read in detail here
Significantly, the Technique Company has already purchased 5,53,555 bitcoins, which is estimated to be around $ 37.9 billion. Michael Seller has also informed that by 2025, the target of yield (returns) on bitcoin investment has been increased from 15 per cent to 25 per cent. In such a situation, it is clear that Technique will adopt a strategy to buy bitcoins very fast.
What will be the effect on Bitcoin and the market
This planning of Michael Saylor will lock about 2 percent of the current supply of bitcoin and due to this, there will be a shortage of bitcoin in the market. In such a situation, bullish pressure is certain to be made at the price of Bitcoin, that is, the demand will be accelerated by the shortage of bitcoin directly, which can reach $ 1,00,000.
Institutional investment will increase the credibility of the crypto market
Experts believe that this plan of Michael Saylor will increase institutional investment in cryptomaret and this will increase investors’ confidence in bittores as well as other cryptocurrencies such as Etreum and other large altcoins. In such a situation, rapid work will also be done towards regulatory change and technical improvement. Increased institutional investment will increase the expectation of stability along with transparency in the crypto market.
Conclusion
This major step of Michael Seller and his company Technique can prove to be historical. It is worth noting that Bitcoin is now not just a virtual currency, but has been established as a critical monetary asset. Under institutional investment, when a company invests a large part of its capital in digital currency, it indicates the future digital among investors.
