Michael Saylor: Bitcoin could rise to $ 13 million in 20 years-the CEO of Strategy sees cryptocurrency as a unique, solid value memory in the digital age

Michael Saylor: Bitcoin could rise to $ 13 million in 20 years-the CEO of Strategy sees cryptocurrency as a unique, solid value memory in the digital age

Michael Saylor explains Bitcoin forecast of $ 13 million for the next 20 years

Michael Saylor, the CEO of Strategy, made a daring forecast for the future of Bitcoin on the Digital Asset Summit. He put the cryptocurrency price at an impressive $ 13 million in the next 20 years.

value memory through fixed supply

Saylor argues that the firm supply of Bitcoin, which is limited to 21 million coins, makes it the ultimate value memory. In contrast to conventional raw materials such as gold and oil, which can be produced in larger quantities with increasing demand, the supply of Bitcoin remains constant.

He explained that other goods can be manufactured with technology, capital and skill. However, if the oil price increases to $ 1,000 per barrel, more expensive extraction methods such as fracking would be used. The same has happened with gold that has suffered several hyperinflations in the past. Bitcoin, on the other hand, is unique and the only real digital goods.

Currently Bitcoin with a price of around $ 85,208 and an increase of 1.8 % compared to the previous day. According to the Coingecko data, the price previously even increased over $ 86,000, but is still 11 % lower than a month ago. User of the On-Chain Prediction Market Myriad, which was launched by Destan, predict that Bitcoin could be $ 83,000 by the end of the week.

US government recognizes Bitcoin as a strategic good

Another point in Saylor's speech was the latest ratification by the US government, which Bitcoin recognizes as strategic well. Saylor referred to an executive order that was signed two weeks earlier and aimed to create a strategic bitcoin reserve. He quoted David Sacks, who described Bitcoin as an asset without issuers, which was created by a "flawless conception".

According to the Saylor, Bitcoin has a decentralized value and is considered a value memory, which is why it refers to it as "digital gold". He believes that Bitcoin is not only a technology, but also a moral phenomenon.

outlook and conclusion

Although Bitcoin is currently significantly below Saylor's price forecast, his passionate belief in the potential of cryptocurrency shows that he is firmly behind his analysis. With the progressive recognition of Bitcoin in the global financial world and Saylors Bitcoin-Erst approach to Strategy remains to be seen whether his forecast of $ 13 million will be a reality at some point.