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Guy Adami thinks bitcoin could double in one year – MicroStrategy (MSTR)



Those who think so Bitcoin (CRYPTO: BTC) will double next year, probably right, fast money trader Guy Adami said on Friday in CNBC’s Power Lunch.

Guy Adami told CNBC that he met Michael Sailor, CEO of MicroStrategy included (NASDAQ: MSTR) pretty well recently and that Sailor turned him into a bitcoin believer.

“Can you imagine that over the next few months, Apple Inc. (NASDAQ: AAPL) says we will invest 10% of our cash in cryptocurrency, ”Adami said.

What happened: MicroStrategy made headlines after the company bought bitcoin several times in 2021

. Yesterday, in its revenue report, the company announced that it currently owns about 91,579 bitcoins at a total value of about $ 2.23 billion.

“We will continue to acquire and hold additional bitcoins as we seek to create added value for shareholders,” Sailor said.

Related link: MicroStrategy reports up to 52% revenue increase, says it may sell bitcoins in future

Price action: Bitcoin has grown by 96.62% so far. In the last check on Friday, bitcoin rose 6.07% to 56,837.90 dollars.

(Image of Eivind Pedersen by Pixabay)

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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