Michael Saylor Claims Bitcoin Is Destined for $1 Million or Zero
Michael Saylor reassures Bitcoin advocates that the cryptocurrency will either reach a value of one million dollars or face a complete collapse.
Michael Saylor, the co-founder of Strategy (previously MicroStrategy), spoke with Bloomberg recently, reassuring Bitcoin enthusiasts that the cryptocurrency won’t plunge into obscurity. He stated, “If Bitcoin’s not going to zero, it’s going to $1 million,” referencing President Donald Trump’s supportive stance on cryptocurrencies.
Saylor claims that many public enterprises purchasing Bitcoin are acquiring the entire available supply. Currently, only around $450 million worth of Bitcoins is accessible daily for sale.
Key Quote
“The writing is on the wall. Bitcoin is moving higher,” asserted Saylor.
During his interview, Saylor indicated that Strategy has amassed 582,000 Bitcoins, emphasizing the critical nature of acquiring Bitcoin before it becomes scarce. He urged, “You’ve got ten years to acquire all the Bitcoin before there is no Bitcoin left for you.”
Suggested Steps for Investors
Saylor suggested that Apple should invest in Bitcoin to enhance their financial strategy in response to critiques about their stock buyback methods.
In conclusion, Saylor remains optimistic about Bitcoin’s future, concluding that investors need to recognize its emerging value.
