Former Bitcoin skeptic Michel Saylor, CEO of Strategy, now firmly believes in the bright future of the leading cryptocurrency. His bold Bitcoin price predictions hint at staggering growth potential.
Once a critic of Bitcoin, Michel Saylor has made a spectacular U-turn in recent years. Today, the Strategy CEO is among the most ardent supporters of the leading cryptocurrency. His conviction has only grown stronger over the years, to the point where he now boldly makes rather audacious predictions.
In a recent interview, Michel Saylor stated he is “increasingly optimistic” about the future of BTC. Going even further, he dared to make a rather surprising prediction: according to him, the price of Bitcoin could reach $13 million in the future. This estimate may seem unrealistic, but it reflects the extent of the leader’s faith in the potential of cryptocurrency.
A price of $13 million would give BTC a Market Cap of over 250 trillion dollars. For comparison, the Real Estate Market Cap exceeds 630 trillion dollars.
To justify his extraordinary prediction, Michel Saylor puts forward several arguments. Firstly, he highlights the scarcity of Bitcoin, with only 21 million coins ever to be created. This characteristic makes it, in his opinion, a unique store of value in the world, destined for significant appreciation in the years to come.
Furthermore, Saylor emphasizes the growing adoption of Bitcoin by institutional investors and companies. With giants like Tesla, MicroStrategy, and PayPal accumulating bitcoins, demand continues to rise, driving prices upwards.
Additionally, other giants like AirBnb are reportedly considering a BTC reserve. Bitcoin is even infiltrating non-tech sectors.
Lastly, the MicroStrategy CEO believes that Bitcoin is set to become a safe-haven asset for investors, amidst rampant inflation and global economic instability. Its intrinsic value would then make it an ideal safe-haven asset.
Although Michel Saylor’s prediction may seem unrealistic, it demonstrates his absolute faith in BTC’s potential. While his arguments may convince some, they should still be taken with caution. The future of Bitcoin, promising as it may be, remains unpredictable. Only time will tell if Saylor’s extraordinary forecasts are accurate.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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