The brief uptrend in the price of Bitcoin (BTC) and other crypto assets resulted in massive yields for investors who hedged their bet on Bitcoin (BTC). One such investor is Michael Saylor, Chairman of Microstrategy, a software intelligence firm. Saylor’s bullish stance yielded good results as the firm has been able to record 500% ROI in a year. However, the investor recently shifted his gaze toward an Ethereum utility token ETFswap (ETFS), which experts believe has the potential to surge by 200x its current value.
Michael Saylor’s MicroStrategy And Its Billion-Dollar Bitcoin (BTC) Bet
Michael Saylor started to hoard Bitcoin (BTC) in mid-2020 as digital assets often serve as a hedge against inflation and an alternative to fiat. His firm, Microstrategy, is currently the largest corporate Bitcoin (BTC) holder and, as of May 1, 2024, holds 214,400 BTC. The firm was able to buy up the flagship asset in such large quantities by purchasing in varying market conditions. For example, its last purchase in 2023 was in Q4, when it bought $615 million worth of BTC when the asset was valued slightly above $40,000.
However, when it made its most recent purchase of 9,245 BTC in March 2024, the coin had surged to $67,000 in value. Further, Microstrategy utilizes a unique strategy of leveraging debt to acquire more Bitcoin (BTC). Another reason for Saylor’s confidence in Bitcoin is its long-term value compared to Gold, and he believes that eventually, Bitcoin’s (BTC) market cap, currently around $1.3 trillion, will surge past that of Gold at $13 trillion.
Saylor is one of many investors who have such a bullish projection of the king of cryptocurrencies. Cathie Wood, Ark Invest CEO, speculated that the asset price will surge to $3.8 million by 2030. Her reason for making such a bold and wild prediction is partly pinned on the approval of spot Bitcoin ETFs by the US Security and Exchange Commission on January 10, 2024.
In November 2023, Saylor entered a stock sale agreement with its firm Microstrategy to sell off 400,000 shares in the first four months of 2024. After selling about 90% of the shares, Saylor netted a profit of $370 million. As a business mogul, Saylor is expected to channel such funds into another risk-averse investment like ETFswap (ETFS).
ETFSwap Ongoing Presale Attracts Whales
ETFswap (ETFS) is a trading platform that democratizes access to exchange-traded funds (ETFs) through tokenization. The tokenized ETFs will be available for trading on a web3 marketplace that boasts 24/7 liquidity and trading tools to assist newbies and experts.
One such tool is the ETFswap Screener, which will help investors accurately classify ETFs and also adequately educate them on how the assets operate so they can make well-informed decisions before investing. Then, there is the ETF Finder, which can help sort through all types of ETFs by applying specific search parameters.
ETFSwap (ETFS) does not require KYC to trade on the platform, and it has been thoroughly audited by CyberScope with no vulnerabilities found. This makes it a foremost trading platform in the crypto industry.
An important part of the ETFswap (ETFS) platform is its native token, ETFS, which is currently offered in a presale event at $0.00854 per coin in stage 1. The opportunity to trade ETFs on the blockchain has attracted investors from all regions to participate in this presale, resulting in the sale of over 70 million tokens. Further, they were undoubtedly interested in the automatic profit they would realize when the presale transitions to stage 2 at a higher price of $0.01831.
Investors like Saylor would be keen on its long-term durability, and experts predict that the token will soon surge to the $3 mark. When that happens, all early investors will have made over 200x yield on their investments.
For more information about the ETFS Presale:
