Why does Michael Saylor believe Bitcoin can reach a million?

Bitcoin has a limited supply: only 21M coins. As demand grows (institutions, funds, governments), its scarcity drives the price.

It is becoming a refuge against inflation, like digital gold. Additionally, halvings reduce the issuance every 4 years, creating additional scarcity.

To reach $1M, BTC would need to achieve ~20T market cap, similar to other large financial assets. Its global adoption is still in the early stages.

Time, scarcity, and adoption are key. The potential is there.

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