Michael Saylor Predicts Bitcoin Could Skyrocket to $8 Million Per Coin.

Michael Saylor talked about his colorful journey with Bitcoin in his speech at the Prague event; He talked about his initial skepticism and eventual adoption. He admitted that when he first came across Bitcoin in 2013, he associated it only with online betting and therefore initially rejected Bitcoin.

As a result, Saylor missed the opportunity when Bitcoin was around $892 and eventually bought #Bitcoin at $9,500. “I bought it for the price I deserved,” he said. Since then, Saylor has become a strong advocate for Bitcoin, calling it “digital gold” and emphasizing its independence from central authorities.

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 stated that there are still those who expect it to fall and that they will miss this opportunity when #Bitcoin potentially rises to $8 million.

Some may find Saylor's estimate of $8 million per Bitcoin too ambitious, but he and many other analysts argue that 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 almost 12,000% from the current level. This would require Bitcoin's market cap to increase approximately 150-fold to $168 trillion.

Michael Saylor's prediction that Bitcoin could potentially reach $8 million is a matter for much consideration in the crypto community. While this figure may seem astronomical, it highlights Bitcoin's exponential growth potential fueled by wider mainstream and institutional adoption. Bitcoin's journey remains worth watching as companies like #Saylor and #MicroStrategy continue to invest and ambitious goals push the limits of what's possible.
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