The largest cheerleader in Bitcoin, Michael Saylor, is working on it again – and he doubles his belief that Bitcoin is not only the future, it is the investment option of your life.
In a recent interview with David Lin, the co-founder of MicroSstrategy opened about his early Bitcoin days and admitted that he was so obsessed when he first heard about it that he could barely sleep. “I was afraid that someone else would sort it out for me and buy it all,” he laughed.
Since then, Saylor has been transformed into one of the loudest and most influential proponents of Bitcoin, so that both Wall Street and Retail Investors are collected. Some even claim that the reason that institutional giants are finally paying attention to Bitcoin because Saylor continued to preach about it – and listened to people.
But with the price of Bitcoin steadily rising and large players such as BlackRock, Fidelity and other financial heavyweights that enter the crypto -arena, is it not becoming harder for Saylor to keep adding to his pile? Not at all. He even believes that this is exactly how Bitcoin is designed to work.
“It becomes more exponentially more difficult to acquire Bitcoin over time – and that makes it valuable and safe,” Saylor explained.
An adult market means higher prices, less risk
Saylor pointed out how the crypto industry has grown up in recent years. Beyond are the days of risky, overlap companies such as FTX and Terra Luna that send the market. Now established financial institutions with “permanent capital” are entering, reducing volatility and Bitcoin becomes a more stable, long -term active.
Bitcoin for $ 10 million? Saylor says he will still buy
Perhaps the bravest moment came when Saylor predicted Bitcoin’s prey process – claiming that it could ever hit $ 10 million per coin. And no, he won’t stop buying if so.
“I bought it at $ 10,000, I will buy it at $ 100,000, at a million, and at $ 10 million,” Saylor said confidently. “Because by that time the entire ecosystem will be less risky and it will still be a better gamble than the S&P 500 or a warehouse in Siberia.”
He also shared his view of what the regular adoption will look like. According to Saylor, the day your bank offers to buy Bitcoin for you on your phone is the day that a single bitcoin already costs a million dollars. And when banks begin to recommend it as a hot stock tip? That is when the price of Bitcoin could push $ 10 million.
Credit : coinpedia.org
