Michael Saylor Steps Up the Pace: Reveals New Bitcoin Price Prediction – Hard to Believe Number
The post Michael Saylor Steps Up the Pace: Reveals New Bitcoin Price Prediction – Hard to Believe Number appeared on BitcoinEthereumNews.com.
MicroStrategy founder Michael Saylor has made a bold prediction about the future of Bitcoin, claiming that its market value will eventually reach $200 trillion. Considering the limited supply of BTC at 21 million, the price of BTC at a market cap of $200 trillion would be approximately $9.5 million. Speaking in a recent interview, Saylor dismissed concerns that Bitcoin was competing with traditional fiat currencies like the U.S. dollar, instead stating that Bitcoin was in direct competition with international real estate, global stocks and expensive money management firms on Wall Street. “We’re at around two trillion dollars in Bitcoin right now. That’s going to go to $20 trillion. Then it’s going to go to $200 trillion,” he said. Saylor also predicted that Bitcoin’s market value will continue to grow at a 20% annual rate driven by capital inflows from global investors spanning China, Russia, Europe, Africa, and Asia. According to Saylor, if the United States were to acquire a significant share of the Bitcoin network, it could significantly benefit the national economy. “If the United States were to take a position in the emerging crypto economy, if it were to acquire 10-20% of the Bitcoin network, we would be paying off our national debt,” he said. In addition to Bitcoin’s market cap trajectory, Saylor also commented on the U.S. government’s recent announcement regarding the Strategic Cryptocurrency Reserve. Over the weekend, the White House announced plans to include not only Bitcoin but also XRP, Solana (SOL), Cardano (ADA), and Ethereum (ETH) in the reserve. When asked if he was surprised by the inclusion of these alternative cryptocurrencies, Saylor replied: “I am not surprised. There is no other way to interpret this than bullish for Bitcoin and the entire US crypto industry.” While some conservative Bitcoin advocates believe the U.S. should adopt…
Filed under: News - @ March 4, 2025 6:20 am