Michael Saylor: The current core narrative of Bitcoin is institutional accumulation, and the price of Bitcoin will rise again by the end of the year

ChainCatcher news, Strategy founder Michael Saylor stated in an interview with CNBC today that the real story of Bitcoin right now is its acceptance by enterprises. Large ETF institutions like BlackRock continue to acquire Bitcoin, which takes up all the natural supply, and they represent the interests of institutional investors. Moreover, the 180 Bitcoin reserve companies are purchasing more than the supply from miners. I believe that as we overcome recent resistance and some macro headwinds, Bitcoin's price will start to rise again by the end of the year.

In addition, during the interview, Michael Saylor reiterated the view that Bitcoin is digital gold. Bitcoin is the technological version of gold, that is, digital gold. In my opinion, its scale will reach ten times that of gold.