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Michael Saylor Says BTC Could Be Worth $13 Million, Reveals When And How ⋆ ZyCrypto
The post Michael Saylor Says BTC Could Be Worth $13 Million, Reveals When And How ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     During an exclusive interview on Monday, MicroStrategy’s Michael Saylor recently doubled down on his uber-bullish stance on Bitcoin (BTC). The tech billionaire said he thinks the asset will reach $13 million per coin over the next two decades. Bitcoin Going To $13M MicroStrategy Executive Chairman Michael Saylor is unfazed by Bitcoin’s recent brutal downturn, which saw the price of the benchmark crypto sinking to a seven-month low under $53K last week. During the Sept. 9 interview with CNBC, he noted that Bitcoin will retain its 44% compound annual growth rate in the short term before that growth steadily falls by around 5% per year as the asset matures. “My long-term forecast is that [Bitcoin’s] going to go to $13 million over 21 years,” Saylor posited. “Bitcoin is 0.1% of the capital in the world right now — I think it’s going to go to 7% of the capital.” A price tag of $13 million would put BTC’s market cap at an eye-popping $256 trillion, or essentially ten times the present United States gross domestic product (GDP). Advertisement   MicroStrategy, which recently rebranded itself as a Bitcoin development company, started purchasing BTC in August 2020, which it touted as a move to fetch the best return for shareholders. At the time, Bitcoin was trading at less than $12,000 per coin. The software intelligence company currently holds 226,500 BTC, valued at approximately $12.8 billion at today’s price of $56,811 per coin. Saylor stated that MicroStrategy’s stock has rocketed massively, up over 800% since the inception of its Bitcoin strategy, outshining even Nvidia’s meteoric rise. With such impressive results, MicroStrategy has successfully beaten its rivals and gained a substantial edge in the entire United States equity market, Saylor added. Saylor Says Republicans Have More Progressive Stance On Crypto The MicroStrategy…
The post Michael Saylor Says BTC Could Be Worth $13 Million, Reveals When And How ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement During an exclusive interview on Monday, MicroStrategy’s Michael Saylor recently doubled down on his uber-bullish stance on Bitcoin (BTC). The tech billionaire said he thinks the asset will reach $13 million per coin over the next two decades. Bitcoin Going To $13M MicroStrategy Executive Chairman Michael Saylor is unfazed by Bitcoin’s recent brutal downturn, which saw the price of the benchmark crypto sinking to a seven-month low under $53K last week. During the Sept. 9 interview with CNBC, he noted that Bitcoin will retain its 44% compound annual growth rate in the short term before that growth steadily falls by around 5% per year as the asset matures. “My long-term forecast is that [Bitcoin’s] going to go to $13 million over 21 years,” Saylor posited. “Bitcoin is 0.1% of the capital in the world right now — I think it’s going to go to 7% of the capital.” A price tag of $13 million would put BTC’s market cap at an eye-popping $256 trillion, or essentially ten times the present United States gross domestic product (GDP). Advertisement MicroStrategy, which recently rebranded itself as a Bitcoin development company, started purchasing BTC in August 2020, which it touted as a move to fetch the best return for shareholders. At the time, Bitcoin was trading at less than $12,000 per coin. The software intelligence company currently holds 226,500 BTC, valued at approximately $12.8 billion at today’s price of $56,811 per coin. Saylor stated that MicroStrategy’s stock has rocketed massively, up over 800% since the inception of its Bitcoin strategy, outshining even Nvidia’s meteoric rise. With such impressive results, MicroStrategy has successfully beaten its rivals and gained a substantial edge in the entire United States equity market, Saylor added. Saylor Says Republicans Have More Progressive Stance On Crypto The MicroStrategy…
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