MicroStrategy CEO predicts that Bitcoin is 'going up forever'

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This CEO is betting big on Bitcoin. But he\u0027s not alone

But according to MicroStrategy CEO Michael Saylor, there’s still plenty of upsides ahead.

Thanks to a more than 10-fold increase in its stock price since the beginning of 2020, Tesla’s market cap has surpassed the $1 trillion mark.In Q3, revenue totalled 13.76 billion, representing a 57 per cent increase year over year. Meanwhile, net income clocked in at $1.62 billion, up 389 per cent from the year-ago period.Article content

In Q3, gross profit grew 43 per cent year over year to $1.13 billion as revenue increased 27 per cent to $3.84 billion. Marathon is a cryptocurrency miner. Year to date, its mining fleet has produced approximately 2,516 self-mined bitcoins. As a result of continued accumulation, Marathon has about 7,453 bitcoins today, a stake worth over $490 million.

 

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Which means it's going down

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