MicroStrategy Buys More Bitcoin – Erik Voorhees Weighs In

Michael Saylor and the company MicroStrategy recently made another substantial purchase of Bitcoins and, what concerns the opinions of other Bitcoin OGs, Erik Voorhees, the founder of Spaceshift and Venice AI, replied to it. This latest purchase including the acquisition of 18,300 BTC at $1. As mentioned, Equb has attracted much interest in the crypto community because of its initial capital of $1 billion. Well in his recent post on X, Voorhees applauded the audacity, with Bitcoin appreciation in value and the firm’s obsession demonstrated by the acquisition of the asset. Shout out to @maxkeiser for this great advice, Nayib Bukele, the president of El Salvador is a Bitcoin lover as well!

Erik Voorhees Praises MicroStrategy’s Bitcoin Buys

In this huge mega sentiment, Erik Voorhees said that he was inspired by MicroStrategy’s aggressive move to acquire Bitcoin due to worrying signals being sent over the erosion of the US dollar. MicroStrategy’s acquisition that involved 18,300 BTC at an average cost of $60,408 brings the company’s Bitcoin reserves to 244,800 BTC worth $14. 67 billion.

As Voorhees puts it, this move makes a lot of sense to exchange a “debased asset” such as the United States dollar for a “scarce commodity” like Bitcoin. He stressed that MicroStrategy is now focused on the task of further becoming an accumulation leader in the nascent cryptocurrency.

“Sell continually debased asset for scarce asset,” Voorhees tweeted in one of the statements while appreciating the efforts of Michael Saylor and MicroStrategy for their approch towards such business model in BTC.

Another enthusiastic supporter of Bitcoin and media persona, Max Keiser, who became the official advisor of the President of El Salvador, Nayib Bukele, also approved of Saylor’s actions, referring to him as the “Employee of the Month” for his unflappable advocacy of BTC.

$10 Million Per Bitcoin and Hal Finney’s Prediction

Michael Saylor recently appeared on CNBC’s Squawk Box, where he discussed Bitcoin’s potential future. Saylor stated that MicroStrategy's BTC strategy, initiated four years ago, has allowed the company to outperform others in the S&P 500 by share price. He further predicted that Bitcoin could hit $10 million per coin within the next 21 years, aligning with the prediction made by the late Hal Finney, a Bitcoin pioneer who once theorized that BTC could reach $10 million if it became the world's dominant payment system.

This acquisition continues to signal MicroStrategy’s long-term bullish stance on Bitcoin, as the firm leads the way in corporate BTC holdings.

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