Michael Saylor, chairman and co-founder of MicroStrategy, Bitcoin $98,402.6He shared his opinion that will always gain value against the US dollar.
Bitcoin’s Future and Price Predictions
In an interview with Yahoo Finance, Bitcoin supporter Saylor predicts that Bitcoin, which surpassed the $100,000 level this week, will eventually reach the $1 million level.
“Still less than $1 million per coin. You get a 90% discount on $1 million per coin. I think this is a very simple idea. Continue purchasing Bitcoin with your additional capital. Bitcoin will appreciate against the dollar forever.” – Michael Saylor
Saylor predicts that Bitcoin will gain value in the coming years with a decreasing percentage of annual recurring revenue (ARR). He stated that Bitcoin could reach $13 million per coin in 2045.
“I don’t chart month by month, but I noticed there was 60% ARR over the last four years, and my model generally predicts that will drop from 60% ARR to 20% ARR over 21 years. Without cyclical volatility, I get a reasonable forecast.” – Michael Saylor
Decreasing Volatility Expectation
Saylor predicts that Bitcoin will become less volatile than in the past as the market matures and adoption increases. He stated that developments such as spot BTC exchange traded funds, which were launched at the beginning of this year, will be especially effective.
Saylor stated that he does not expect Bitcoin to repeat the major declines seen in previous cycles.
Bitcoin is currently trading at $101,000 and has increased by 1.5% in the last 24 hours.
Saylor said that the market is driven by ETFs, the options market and companies such as MicroStrategy, and predicted more moderate fluctuations in the future.
As a recommendation, it was emphasized that investors should do their own research about Bitcoin.
Expert opinions on Bitcoin’s long-term value may differ, but Saylor’s predictions offer a remarkable perspective on the cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
