With more than 110,000 Bitcoins, many Bitcoin bulls are making bold claims: Bitcoin will always rise, keep hoarding

Michael Saylor, the founder and CEO of MicroStrategy, a bitcoin bull, said on Monday that his company will continue to accumulate bitcoin in the coming years and that despite the cryptocurrency's price fluctuations, "it will always go up."

MicroStrategy purchased another 9,000 bitcoins in the third quarter, according to regulatory filings filed last week, bringing its total holdings to 114,042, worth about $7 billion.
Saylor said MicroStrategy will continue to buy Bitcoin on a quarter-by-quarter basis, either with cash flow or financed with debt or equity, “depending on the market environment and what is most accretive for our shareholders.”
As for the price of Bitcoin, he said “we think it will fluctuate because it’s a new product plugged into the whole crypto market, but it will always go up.”
"I think over the next decade, Bitcoin will become the most powerful, hardest, most technologically advanced store of value in the economy," Saylor said, adding that it will become a "killer use case" as inflation soars for consumer and industrial goods.
Another factor working in Bitcoin’s favor, he said, is that the U.S. regulatory landscape has provided significant “clarity” over the past three months.