Microstrategy’s Michael Saylor sees Bitcoin going into millions

The CEO of the Nasdaq-listed software company Microstrategy, Michael Saylor, has relayed his bullish stance on bitcoin in an interview with Yahoo Finance Live.

The executive is still bullish on bitcoin despite the recent sell-off.

He was asked whether there is a price target at which Microstrategy will start liquidating some of its bitcoins. The company is currently hodling 129,218 BTC.

“No,” the CEO replied, emphasizing, “we are in it for the long term.”

“I expect bitcoin is going to go into the millions. So, we’re very patient. We think it’s the future of money.”

Commenting on cryptocurrency regulation, he noted that “There’s been a deadlock in D.C. and on Capitol Hill around stablecoin regulations and around securities token regulations.” Saylor added that “the Administration wants to move faster” but “Congress is moving slower.”

Saylor has long been bullish on bitcoin. In February, he said there’s evidence of a lot more institutional adoption. In November last year, he said bitcoin will emerge as a $100 trillion asset class.