Michael Saylor Envisions Bitcoin at $10 Million, Foresees $200 Trillion Market Cap
In a bold prediction, Michael Saylor, the co-founder of MicroStrategy and a prominent Bitcoin advocate, has forecasted that Bitcoin (BTC) could reach a market valuation of $200 trillion. This staggering figure would translate to a price of approximately $9.52 million per Bitcoin.
Trump's Crypto Reserve Plans
Meanwhile, former President Donald Trump has revealed plans to establish a Crypto Strategic Reserve, which would include Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This move has sparked debate within the financial and crypto communities, with opinions divided on its potential impact.
Saylor's Vision for Bitcoin
Saylor, a long-time proponent of Bitcoin as a sovereign reserve asset, believes that the cryptocurrency's market cap will continue to grow exponentially. In an exclusive interview with CNBC, he stated, "We have $2 trillion in Bitcoin. It'll reach $20 trillion, then $200 trillion. It's expanding 20% annually." He attributed this growth to capital inflows from various regions, including China, Russia, Europe, Africa, and Asia.
Political Implications
Saylor noted that Trump's broader stance on crypto reserves, which includes multiple cryptocurrencies, is a departure from the Bitcoin-only approach favored by some conservatives. "There’s no way to interpret this other than this is bullish for Bitcoin and is bullish for the entire U.S. crypto industry," Saylor commented.
Influence on Policy
When asked about his involvement in shaping the reserve strategy, Saylor revealed that he has been actively engaging with policymakers. "I've met with a bunch of senators on both the Democratic and Republican sides, as well as congresspeople and members of the cabinet," he said. "For the last four and a half years, I’ve been talking about Bitcoin to anybody, anywhere in the world, every day."
