Bitcoin at $1 million: Michael Saylor remains optimistic despite doubts
Michael Saylor, founder of Strategy, recently stated that Bitcoin could reach $1 million. According to him, the growing adoption of BTC by businesses and governments supports this prediction. He also noted that the daily supply of Bitcoin is limited, which could push prices higher.
Key points from this article:
Michael Saylor stated that Bitcoin could one day reach the extraordinary value of $1 million.
Saylor emphasized that the growing adoption of Bitcoin by businesses and governments, as well as the limited supply of BTC, support this ambitious prediction.
Factors Supporting Bitcoin
Saylor mentioned several factors that support his prediction. He highlighted Donald Trump's support for Bitcoin, as well as the growing interest of traditional banks in Bitcoin custody. Additionally, countries like Pakistan are considering creating strategic Bitcoin reserves.
He also noted that Bitcoin ETF providers, like BlackRock, are buying Bitcoin daily. According to Saylor, these developments show that Bitcoin has overcome its riskiest period.
While Saylor is optimistic, he acknowledges that Bitcoin could experience significant price fluctuations. He stated that if Bitcoin reaches $500,000 or $1 million, it could fall back to $200,000. However, he remains convinced that Bitcoin is on its way to new highs.
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