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Max Keiser: Bitcoin Gives MicroStrategy (MSTR) Unknown Ceiling

source-logo  u.today 20 November 2024 13:49, UTC
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Max Keiser, hardcore Bitcoin maximalist and current Bitcoin advisor of El Salvador president Nayib Bukele, has published a bullish comment about Michael Saylor’s company, MicroStrategy, whose stock is growing fast thanks to $BTC.

The Bitcoin advisor commented on a recently published tweet by $BTC researcher Pierre Rochard.

"Unknown ceiling" for MicroStrategy

In a recent tweet, Rochard talked about Michael Saylor’s company and its recent successful strategy of securitizing Bitcoin. The researcher stated that MicroStrategy transforms risks related to $BTC by securitization, by providing investors with “priority in a cashflow waterfall, increasing risk for residual equity that gets paid last.”

He summarized that MicroStrategy is doing that Bitcoin securitization by issuing liquid publicly-traded equity spot and options, convertible bonds, using $BTC as collateral.

All these treasury operations, Rochard said, have created “accretive value for shareholders in $BTC terms,” and it will continue this way, he believes, “until the fixed income market is saturated,” which means there is “an unknown ceiling” for that.

Keiser retweeted that term — “an unknown ceiling” — as if to emphasize his support of this take expressed by Rochard.

“An unknown ceiling”

👍 https://t.co/dfUNKoRMWR

— Max Keiser (@maxkeiser) November 20, 2024

Michael Saylor predicts Bitcoin at $13 million, Kiyosaki agrees

Another vocal Bitcoin supporter and author of the popular book on finance management “Rich Dad Poor Dad,” Robert Kiyosaki, has published a tweet, commenting on the Bitcoin price prediction made by Michael Saylor.

The MicroStrategy founder shared that ultra-bullish outlook back in September during his visit to a CNBC studio, when he stated that Bitcoin is likely to skyrocket to $13 million within the next 20 years. This week, Kiyosaki commented on this prediction, saying: "I believe he is right. He is one smart boy."

In a recently published X post, Kiyosaki stated that he intends to continue buying Bitcoin until it passes the $100,000 price level. He said: “Then I will stop. Not a time to get greedy.” Several times this year, Kiyosaki predicted that in 2025 he expects Bitcoin to soar to $500,000 for a number of reasons, including the fast spread of artificial intelligence and its growing impact on the world of finance.

Earlier today, the world’s pioneer cryptocurrency scored a new all-time high of slightly over $94,000. This is not the first new ATH reached by Bitcoin over the past month.

u.today