Saylor’s Bold Prediction
Michael Saylor, a big fan of Bitcoin, has made another bold prediction: Bitcoin could hit $8 million per coin. He shared this at a recent event in Prague, leaving the crypto world buzzing.
Missed Opportunities
Saylor admitted that he was hesitant about investing in Bitcoin in 2013. He thought it was just for online gambling. As a result, he missed out on buying it when it was at $892. He finally jumped in when it reached $9,500.
Bitcoin: The Digital Gold
Since then, Saylor has been a huge advocate for Bitcoin, calling it the digital gold. He believes it’s the only asset that investors truly own, as it’s not controlled by any government.
Skeptics and FOMO
Despite Bitcoin’s growth, many investors are still skeptical. Saylor warns that they could miss out on the potential surge to $8 million.
Is $8 Million Possible?
It may seem like a stretch, but Saylor and others believe in the power of exponential growth. For Bitcoin to reach $8 million, its market cap would need to increase 150 times its current value.
Mainstream Adoption
This could happen if Bitcoin becomes widely adopted and attracts interest from institutional investors. The recent launch of Bitcoin ETFs is a step in that direction.
MicroStrategy’s Bitcoin Bet
Saylor’s company, MicroStrategy, is a leader in Bitcoin adoption. They own about 1% of the circulating supply and have made a significant profit from their investment. MicroStrategy is now planning to sell $700 million in convertible notes to buy more Bitcoin.
