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Software giant Microstrategy has purchased more than $1 billion worth of bitcoins to bring its total cryptocurrency holdings to above $4.5 billion worth. Speaking to CNBC before the latest investment was announced, Mr Saylor said that he believed bitcoin’s market cap would rise $100 trillion – 10-times that of gold’s. It is currently worth less than $1trn, having risen from below $100bn last March. “Bitcoin is going to flip gold, and it’s going to subsume the entire gold market cap,” he said. “Once it gets to $10 trillion, its volatility will be dramatically less. As it marches toward $100 trillion, you’re going to see the growth rates fall, the volatility fall, and it’s going to be a stabilizing influence in the entire financial system of the 21st century.” For complete show notes and for the full premium experience with video, visit our YouTube channel at http://CryptoNewsAlerts.net