#MichaelSaylor : “BITCOIN NEEDS BANKS TO REACH 1 MILLION USD”

Along with Tom Lee, Michael Saylor still firmly believes that Bitcoin can reach 150,000 USD before the end of this year. He argues that the biggest turning point right now is the legal participation of banks in the crypto market — something unprecedented in previous cycles.

When the new administration in the U.S. gives the green light, a series of organizations such as JPMorgan, Bank of America, Citi, Wells Fargo, BNY Mellon, PNC have begun implementing custody, lending, and management activities for Bitcoin as a mainstream financial asset.

According to Saylor, Bitcoin previously reached 100,000 USD without banks, but to soar to 1,000,000 USD, it needs the backing of the entire financial system. The major trend in the next 4 years will be “banking Bitcoin” – when global banks make Bitcoin an indispensable part of their asset portfolio. $BTC vẫn rất đáng giá