There are few people who can claim to be bigger fans of Bitcoin (CRYPTO: BTC) than Michael Saylor. The CEO of MicroStrategy (NASDAQ: MSTR) has become what could only be described as a Bitcoin evangelist.

Over the last four years his company has embarked on a strategy of replacing all its cash on hand with Bitcoin, and in some instances even taking on debt to buy more Bitcoin. Today, MicroStrategy owns around 1% of the total Bitcoin supply.

To some it may seem absurd to do such a thing, but if all goes to plan, Saylor's decision to pursue the Bitcoin strategy could make him and his company billions -- especially if Bitcoin hits his recent prediction of $8 million per coin, a 12,000% increase from its current price. Here's how, and why, Saylor thinks the world's cryptocurrency can keep up its historic pace.

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Source Fool.com