Saylor Says Bitcoin Could Reach $10 Million — Here’s Why He’s Not Stopping

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Bitcoin evangelist Michael Saylor, co-founder of MicroStrategy, is reiterating his unwavering conviction in the future of Bitcoin, asserting it as a once-in-a-lifetime investment opportunity. In a recent interview, Saylor recounted his early fascination with the cryptocurrency, a period marked by intense focus and a fear of missing out on its potential.  

Since those early days, Saylor has emerged as a prominent and influential voice in the Bitcoin space, actively encouraging both institutional and individual investors. Many observers credit his persistent advocacy for the growing interest in Bitcoin among major financial players.  

Maturing Crypto Market Reduces Risk, Increases Appeal

Addressing concerns about the increasing price of Bitcoin and the entry of financial giants like BlackRock and Fidelity, Saylor argues that these developments actually strengthen Bitcoin’s long-term prospects. He highlights the maturation of the crypto industry, noting the decline of highly leveraged and risky entities like FTX and Terra Luna. The influx of established institutions with “permanent capital,” according to Saylor, contributes to reduced volatility and positions Bitcoin as a more stable and reliable asset for the future.

Long-Term Vision: Buying Bitcoin at $10 Million

In a bold prediction, Saylor suggested that Bitcoin could eventually reach a staggering $10 million per coin. More remarkably, he affirmed his intention to continue accumulating Bitcoin even at such lofty prices. “I bought it at $10,000, I’ll buy it at $100,000, at a million, and at $10 million,” he stated confidently, arguing that by then, the Bitcoin ecosystem will be less risky and still represent a superior investment compared to traditional assets.

Also Read: Strategy’s Bold Bitcoin Bet: Acquires 6,556 BTC Amid Institutional Surge

Mainstream Adoption to Drive Price Surge

Saylor also offered his perspective on the trajectory of mainstream Bitcoin adoption. He believes that the moment banks begin offering Bitcoin purchases through their mobile applications will coincide with a price of at least $1 million per Bitcoin.

Furthermore, when financial institutions start actively recommending Bitcoin to their clients, he envisions the price potentially soaring to $10 million. Saylor’s continued bullish stance underscores the growing confidence in Bitcoin’s long-term value proposition within an evolving financial landscape.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.