$BTC Michael Saylor wants to invest an additional $42 billion in bitcoin; the move could help create 1,000 new millionaires in Brazil
The billion-dollar purchase of bitcoin could boost the crypto market in the coming months and help elevate the wealth of a thousand Brazilians.
Billionaire Michael Saylor is possibly the biggest advocate of bitcoin (BTC) when it comes to investing and 'putting his own skin in the game' for the cryptocurrency.
After all, the businessman announced in October the plan of his company, Strategy, to invest $42 billion in BTC by 2027.
The move is part of the so-called Plan 21/21, which aims to raise capital to accumulate BTC. The goal is to raise:
$21 billion through stocks;
$21 billion through fixed income securities.
It may seem crazy at first, but Michael Saylor's saga as a market visionary is not new — and the market is paying attention to his new 'investment play'.
Going further, the crypto asset specialist from Empiricus Research, Valter Rebelo, identified a window of opportunity that could help create a thousand new millionaires in Brazil through this market optimism. Continue reading to understand the details.
Crazy or visionary? Michael Saylor has anticipated innovations before and has a chance to get it right again, but the specialist indicates that beginners should go beyond $BTC
Michael Saylor's investment is the largest global contribution regarding bitcoin, attracting curiosity about the entrepreneur's thesis — and his story is that of a prodigy.
Graduated in Aeronautical and Astronautical Engineering from MIT.
Graduated in History of Science, Technology & Society, also from MIT.
And with this enviable academic background, young Michael Saylor founded his technology company, MicroStrategy, in 1989, when people hadn't even mastered the computer yet.