Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor estimates Bitcoin (CRYPTO: BTC) would be trading between $40,000 and $50,000, without his company’s $62 billion buying campaign over the past five years.
Strategy Spent $62 Billion Supporting The Bitcoin Network
Saylor acknowledged that Bitcoin would have succeeded without Strategy but argued the company filled a vacuum that accelerated price appreciation.
Strategy owns approximately 818,000 Bitcoin, making it the world’s largest corporate holder.
“Bitcoin would have been successful without me and without our company, and if we hadn’t done it, someone else would have stepped into that role,” Saylor explained on the When Shift Happens podcast.
“But presumably somewhere between $10,000 and $80,000. It wouldn’t be as high as it is right now,” he added.
Strategy started buying Bitcoin in 2020 when the price was …
