Michael Saylor spoke about his colorful journey with Bitcoin in his speech at the event in Prague; He talks about his initial skepticism and eventual adoption. He admitted that when he first learned about Bitcoin in 2013, he only associated it with online betting and thus initially rejected Bitcoin.
As a result, Saylor missed the opportunity when Bitcoin was around $892 and ended up buying #Bitcoin at $9,500. “I bought it for the price I deserved,” he said. Since then, Saylor has become a strong advocate of Bitcoin, calling it “digital gold” and emphasizing its independence from central governments.
Saylor noted that although Bitcoin has gained significant value over the years, skepticism remains. Talking about a hypothetical scenario in which Bitcoin reaches $950,000, he said that there are still those who expect it to fall and they will miss this opportunity as #Bitcoin likely rises to $8 million.
Some may find Saylor's estimate of $8 million per Bitcoin too ambitious, but he and many other analysts say this can be achieved through exponential growth. Considering Bitcoin's current trading price is around $66,000, reaching a valuation of $8 million would represent an increase of nearly 12,000% from current levels. This would require Bitcoin's market capitalization to increase approximately 150-fold to $168 trillion.
Michael Saylor's prediction that Bitcoin could potentially reach $8 million is a matter of much consideration in the cryptocurrency community. While this number may seem astronomical, it highlights Bitcoin's potential for exponential growth fueled by broader mainstream and institutional adoption. Bitcoin's journey remains worth watching as companies like #Saylor and #MicroStrategy continue to invest and ambitious goals push the boundaries of what is possible.
