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Microstrategy CEO emphasizes Bitcoin's upside potential

Michael Siler, CEO of MicroStrategy, expressed his bullish stance on Bitcoin's future on Monday, saying, "Bitcoin is still under $0.05 million."

Sayler's way of valuing Bitcoin is to compare it to $1 million, which underscores his belief in its upside potential.

According to Michael Seiler, the company bought another 850 bitcoins for $37.2 million in January, bringing the average price paid for each bitcoin to $43,765