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Michael Saylor says bitcoin is the next big ‘store of value asset’ and will soar 2,500% within 10 years — here are 3 easy ways to bet on it

‘100x better than gold’: Michael Saylor says bitcoin is the next big ‘store of value asset’ and will soar 2,500% within 10 years — here are 3 easy ways to bet on it

Bitcoin is on a wild ride.

The world’s largest cryptocurrency soared to $68,990 last November. Now, it’s at around $19,000 — a staggering 72% pullback from the peak.

But MicroStrategy CEO Michael Saylor remains bullish. In fact, he not only sees a revival for the cryptocurrency but expects plenty of upside above its previous high.

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“I think that the next logical stop for bitcoin is to replace gold as a non-sovereign store of value asset and gold is a $10 trillion asset right now. Bitcoin is digital gold, it’s 100x better than gold,” he says at MarketWatch’s Money Festival on Wednesday.

“You can’t inflate it. The half-life of money in bitcoin is forever. You can move it on billions of computers at the speed of light. So if bitcoin goes to the value of gold it’s going to $500,000 a coin, and I think that happens this decade.”

Considering where bitcoin is trading right now, $500,000 implies a potential upside of over 2,500%.

Saylor is putting his money where his mouth is. He tells MarketWatch that he personally owns 17,732 bitcoins that he’s had for “about two years” and bought “around the $9,500 range.”

His company MicroStrategy has bought about 130,000 bitcoins for a total price of approximately $3.98 billion.

Still, the path probably won’t be a straight line.

“I think this is the decade where bitcoin institutionalizes from 2020 to 2030,” he says, adding that “it’ll be a wild ride.”

If you share Saylor’s view, here are a few ways to gain exposure to this cryptocurrency.

More: Compare the best investment apps

Buy bitcoin directly

The first option is the most straightforward: If you want to buy bitcoin, just buy bitcoin.

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