MicroStrategy CEO Michael Saylor believes that Bitcoin’s best years are yet to come. In his opinion, the cryptocurrency will cost up to $ 5 million.
Bitcoin at $ 5 million
In a new interview with FamilyOffice Saylor said Bitoin could go up to $ 5 million per unit.
– I imagine Bitcoin will reach a million [USD]. I believe it will achieve [kurs] $ 5 million … And that’s because if it just replaced all indices as money with a money index, why not achieve a market cap of $ 100 trillion or something like that? – He said.
Saylor, of which MicroStrategy currently owns 91,326 Bitcoins, also believes that the cryptocurrency is an expression of investor rebellion today. The reason is the sharp surge in the money supply, which is now being recorded all over the world. Added to this is the adoption of blockchain.
– I have never seen anything so bright in my life. (…) You have a problem – money is not associated with quality today. However, you have solid (…) money developed. You have a dominant network – pointed out the factors that make BTC gain in importance.
As he added, the BTC exchange rate has been growing by an average of 200 percent for years. each year.
Maybe it’s better to invest in technology companies?
Saylor also predicts that it is unlikely that the pace of growth in the price of the leading cryptocurrency will be duplicated by technological giants – Facebook, Amazon, Apple, Netflix and Google. As a result, Bitcoin remains the best investment asset.
– Do I think Apple, Amazon, Facebook or Google will increase tenfold from now? No. I think it could be a 20% jump in price, a drop by 20. Maybe [ostatecznie] will double their valuation, maybe triple – added.
The head of Microstrategy added that Bitcoin’s potential became much easier to understand and notice after the economic crisis began and the scale of money printing increased.
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