The CEO of MicroStrategy predicts that Bitcoin will “rise forever”

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This CEO is betting a lot on Bitcoin. But he’s not alone

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Bitcoin’s price more than doubled in 2021.

But according to MicroStrategy CEO Michael Saylor, there are still many advantages.

“Our view is [Bitcoin will] be volatile because it’s tied to the whole crypto market and new, but it’s rising forever, ”Saylor told CNBC earlier this month.

Saylor continues to put his company’s money on his lips. In the third quarter, MicroStrategy bought 9,000 bitcoins, bringing the total number of bitcoins to 114,042. At current price, this supply is worth around $ 7.4 billion.

To date, Bitcoin is up 128 percent while MicroStrategy’s shares are up 103 percent.

Of course, MicroStrategy isn’t the only company that has bitcoins on its balance sheet.

Here’s a look at three other companies that have topped up cryptocurrencies as well.


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Tesla (TSLA)

Bitcoin and Tesla logo seen on paper document.  Concept for investing in cryptocurrency.

very clean / shutterstock

This is the most obvious. When the electric vehicle giant announced in February that it had more than $ 1.5 billion worth of Bitcoin in store, the news sent the cryptocurrency skyrocketing.

In July, CEO Elon Musk tweeted that the company owns “almost” 42,000 bitcoins.

It’s a sizable proportion, to be sure, but not all that significant in relation to Tesla’s size.

Tesla’s market cap has surpassed $ 1 trillion, thanks to a more than 10-fold rise in its share price since early 2020.

As you can expect from such a rally, Tesla’s business is growing rapidly.

In the third quarter, sales amounted to 13.76 billion euros, an increase of 57 percent compared to the previous year. Meanwhile, net income reached $ 1.62 billion, 389 percent more than the same period last year.


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Looking to the future, the electric vehicle manufacturer expects an “average annual growth in vehicle deliveries of 50 percent” over a period of several years.

Of course, Tesla is currently trading at over $ 1,100 per share. But you can get part of the company with a free stock trading app like Wealthsimple, which lets you buy fractions of stocks for as much money as you want to spend.

Square (square)

Square, Inc. is a technology company that develops solutions for accepting and processing electronic payments.

Sergej Elagin / Shutterstock

Square co-founder and CEO Jack Dorsey has long been a supporter of Bitcoin.

In fact, his hopes for cryptocurrency are beyond their financial capabilities.

“My hope is that it will create or help create world peace,” Dorsey said during a “B World” webinar in July.

Square owns 8,027 bitcoins, valued at approximately $ 531 million today.


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The digital payments technologist’s stocks have moved sideways for most of 2021, but the business itself has improved a lot.

In the third quarter, gross profit rose 43 percent year over year to $ 1.13 billion, while revenue rose 27 percent to $ 3.84 billion.

During the quarter, Square also announced two new Bitcoin initiatives: a Bitcoin hardware wallet for consumers and a Bitcoin mining system.

“Both are focused on helping Bitcoin reach a mainstream audience while strengthening the network and ecosystem,” Dorsey said on the conference call with analysts.

Marathon Digital Holdings (MARA)

Mining golden bitcoins

SPF / shutterstock

With a market capitalization of around $ 7.5 billion, Marathon Digital is significantly smaller than Square and Tesla. But Bitcoin investors shouldn’t ignore it.


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Marathon is a cryptocurrency miner. To date, its mining fleet has produced approximately 2,516 self-mined bitcoins.

While some bitcoin miners might be tempted to sell their coins amid this crypto rally, Marathon is simply hoarding them – an act known as “holding on for your life” or “HODL” to crypto enthusiasts.

In fact, the company hasn’t sold any bitcoins since October 2020. In January 2021, it even bought 4,812.66 bitcoins at an average price of $ 31,168 per coin.

As a result of continued accumulation, Marathon now has approximately 7,453 bitcoins, valued at over $ 490 million.

Unsurprisingly, the stock has performed extremely well amid the current crypto boom. Since the beginning of the year, the Marathon share has risen an incredible 591 percent.


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Bitcoin or Banksy?

Side view of a young Caucasian woman standing in front of brightly framed paintings displayed on a white wall in an art gallery

Comaniciu Dan / Shutterstock

You can always easily buy Bitcoin directly.

Today, many exchanges charge up to 4 percent commission fees just to buy and sell crypto. But some investment apps like Weathsimple charge far less and allow you to start with as little as $ 1.

Obviously, if you’re looking to invest in something that has little correlation with the ups and downs of the crypto market, you should consider a real but overlooked asset like art.

Contemporary artworks have already outperformed the S&P 500 by 174 percent over the past 25 years, according to the Citi Global Art Market Chart.

Investing in the arts of the likes of Banksy and Andy Warhol used to be an option only for the ultra-rich.

But with a new investment platform, you can also invest in iconic works of art, just like Jeff Bezos and Bill Gates.

This article was produced by Wise Publishing. Wise is dedicated to providing information to help readers navigate the complex landscape of personal finance. Wise only works with brands it trusts and believes will be helpful to the reader. This article is for information only and is not intended as advice. It is provided without any guarantee.

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