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Michael Saylor Made A Prediction About The iPad 12 Years Ago When Tablets Were In Their Infancy, Will His

iconBenzinga

2024-07-10 15:59

Michael Saylor Made A Prediction About The iPad 12 Years Ago When Tablets Were In Their Infancy, Will His

  Michael Sayloris regarded as one of the most influential advocates of Bitcoin BTC/USD, and his firm MicroStrategy Inc.MSTR has evangelized the digital asset with its continued purchases.

  The entrepreneur's ultra-bullish forecasts about the digital currency have been taken with a pinch of salt. But do you know he made similar bets on iPadand tablet computers when it wasn't even a thing?

  What Happened: Exactly 10 years ago on this day, Saylor called iPad, developed by Apple Inc. AAPL, the “most underappreciated or underestimated new technology.”

  He famously said that iPad was the first device in history that completes directly with paper, and believed every literate person would “inevitably” end up with an iPad, or similar tablet computers.

  The MicroStrategy co-founder then predicted that there would be around 250-300 million tablets in the market by 2015. Well, the reality exceeded his expectations, as the number soared to 840 million by 2014, and 1.28 billion by 2021, according to data from Statista.

  See Also: Trader Calls Solana ‘Most Liquid, Strongest Runners’; Analyst Predicts March 2025 Final Deadline For SOL ETFs

  Why It Matters:Saylor's optimistic forecast on tablet PCs highlighted his long-sighted view on emerging technologies.

  He has expressed confidence that one Bitcoin would be worth more than a million in the near future, famously saying, If Bitcoin's not going to zero, it's going to a million.

  His bullish sentiment has driven MicroStrategy's Bitcoin corporate reserve strategy, as a result of which the tech company is the world's largest owner of the digital currency, with holdings worth $13.41 billion at the time of writing.

  Price Action: At the time of writing, Bitcoin was trading at $59,231.08, up 3.06% in the last 24 hours, according to data from Benzinga Pro. Shares of MicroStrategy closed 0.89% higher at 1,301.77 during Tuesday's regular session.

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.