Michael Saylor 2012 Apple Stock Prediction Goes Viral, Here's What Bitcoin Bull Got Right: 'Whoever Is Selling That Stock Must Be A Moron'
Portfolio Pulse from Chris Katje
Michael Saylor's 2012 prediction about Apple stock has gone viral. Saylor, co-founder of MicroStrategy, has been bullish on both Bitcoin and Apple. His prediction that Apple would reach $2,000 a share has proven accurate on a split-adjusted basis. MicroStrategy's investment in Bitcoin has also paid off significantly.
June 24, 2024 | 8:40 pm
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POSITIVE IMPACT
Michael Saylor's 2012 prediction that Apple would reach $2,000 a share has proven accurate on a split-adjusted basis. Apple's strategy of not lowering prices and continuously upgrading iPhone models has paid off.
Saylor's accurate prediction and Apple's successful strategy of maintaining premium pricing and continuous product upgrades are likely to boost investor confidence in the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
MicroStrategy's investment in Bitcoin, driven by Michael Saylor's bullish stance, has resulted in significant returns for the company. A $1,000 investment in MicroStrategy in 2012 would be worth $9,374.91 today.
MicroStrategy's significant returns from its Bitcoin investment are likely to positively impact its stock price as it demonstrates the success of its investment strategy.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100