The founder and executive chairman of software company Strategy, Michael Saylor, believes that Bitcoin (BTC) can shoot to a price of seven digits.
In a new Bloomberg interview, Saylor out Bitcoin can explode from the current level of around 815%.
According to Saylor, the Boom-and-Bust-Cycli associated with Bitcoin will no longer be experienced.
“The winter is not coming back. We are over that phase. Bitcoin does not go to zero, it goes to $ 1 million.”
The founder of the strategy says that his bullish thesis for Bitcoin is informed by the fact that Bitcoin has now been embraced by the US government and banks, as well as the increasing demand.
“… The President of the United States has established that he is supporting Bitcoin. The cabinet supports Bitcoin, [U.S. Treasury Secretary] Scott Bessent supports Bitcoin, [U.S. Securities and Exchange Commission chair] Paul Atkins has shown to be an enthusiastic believer of Bitcoin and digital assets, [Commodity Futures Trading Commission chair nominee Brian] Quintenz at CFTC feels the same.
The banks go Bitcoin to custody. Bitcoin has passed the risky period, the accounting has been corrected.
There is now only 450 bitcoin available per day for sale by natural sellers, those are the miners. At this level that comes up to about $ 50 million on Bitcoin that is for sale every day. If that $ 50 million is bought, the price must go up to find a seller who is price -sensitive. “
Bitcoin acts at $ 109,260 at the time of writing.
https://www.youtube.com/watch?v=N2JYOJX2X6Y
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