Michael Saylor, the co-founder and executive chairman of MicroStrategy, recently shared his belief that Bitcoin will reach $10 million per coin. In a podcast interview, Saylor discussed how Bitcoin offers “economic immortality” and suggested that companies investing in the cryptocurrency are likely to outlive those that do not. He emphasized that Bitcoin can help eliminate corporate mortality by providing a secure store of value that enables the efficient transfer of capital across generations. Saylor believes that Bitcoin’s ability to hedge against inflation and fiat currency devaluation makes it the perfect form of money, while traditional currencies leave firms vulnerable.
Saylor also highlighted Bitcoin’s decentralized design and fast transaction speeds, which he believes have the potential to revolutionize global payments. He suggested that Bitcoin could offer a cheaper alternative to legacy banking systems, particularly benefiting developing economies where financial services are limited. By allowing capital to be programmed and channeled through time and space, Saylor believes that Bitcoin could enable global payments for 8 billion people at the speed of light, directly from a mobile phone and without intermediaries.
In addition to discussing Bitcoin’s transformative potential, Saylor expressed optimism about the cryptocurrency’s future in China. He suggested that the Chinese government and people would embrace Bitcoin, potentially leading to the introduction of a Chinese-listed Bitcoin exchange-traded fund (ETF). Saylor believes that such widespread adoption in China, as well as the approval of spot Bitcoin and Ether ETFs in Hong Kong, could significantly impact global Bitcoin prices and bring about a new era of financial stability. He also made a bold prediction that a single Bitcoin would one day cost $10 million, underscoring his long-term belief in the cryptocurrency’s value proposition.
Notably, Saylor has been instrumental in leading MicroStrategy’s significant investments in Bitcoin, with the company holding over 226,000 BTC worth over $14 billion. He has also encouraged other corporations to consider adding Bitcoin to their treasury strategies. Saylor’s unwavering support for Bitcoin and his ambitious price prediction reflect his strong conviction in the cryptocurrency’s potential to reshape global finance and provide economic security for individuals and businesses alike.