Bitcoin: Michael Saylor Says BTC Will Eventually Reach $13M
Longtime Bitcoin advocate Michael Saylor has recently discussed his expectations for BTC in the near future. Saylor has continually lauded the potential for the crypto, and the overall asset class. Moreover, he has recently noted that the token could be set to surpass $13 million in the next 20 years.
Speaking to CNBC Monday, Saylor talked about the future of Bitcoin. Specifically, he gave his evaluation of where the token could stand in the next two days. Considering his hope for the currency, it is no surprise that he is betting big on the value to skyrocket. With his software firm, MicroStrategy, boasting one of the more ambitious Bitcoin accumulation strategies, they are certainly betting big on its continued growth as well.
I enjoyed the opportunity to discuss #Bitcoin and strong, fast, smart money with @JoeSquawk, @BeckyQuick, and @AndrewRSorkin this morning,pic.twitter.com/BUXa2IZ8II
— Michael Saylor
(@saylor) September 9, 2024
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Michael Saylor Predicts $13 Million BTC, Dominate Global Finance
Bitcoin has had few defenders as ardent as Michael Saylor. His belief in the asset’s potential has been unmatched. That isn’t just seen in his remarks regarding the token, but in the actions that his business takes in terms of a Bitcoin holding strategy. It is not surprising that Saylor has voiced his belief in the incredible way this investment could pay off.
Speaking to CNBC’s Squawk Box, Bitcoin was discussed, with Saylor projecting the token to reach a value of $13 million in the next 20 years. Moreover, he noted that such a value increase would be due, in large part, to its increased value among all global currencies.
Also Read: Bitcoin: What’s The Value of Michael Saylor’s BTC Holdings?
“My long-term forecast is that ]Bitcoin] is going to go to $13 million over 21 years,” Saylor told the program. “Bitcoin is 0.1% of the capital in the world right now—I think Its going to go to 7% of the capital,” he added.
Since 2020, Syalor’s MicroStrategy has aggressively purchased BTC. Since then, it has increased its holding to more than 226,000 Bitcoins worth over $12 billion. Although the leading crypto has struggled recently, a turnaround is nearing.
The last seven days have seen Bitcoin lose nearly 4% of its value, according to CoinMarketCap. However, over the last 24 hours, it has increased 2.7%. That has pushed the asset closer to the $57,000 mark.