MicroStrategy CEO and huge Bitcoin supporter, Michael Saylor, has predicted that BTC could reach $5,000,000. Saylor noted his bullish price prediction on Bitcoin while speaking in an interview with FamilyOffice. Saylor said Bitcoin is a “screaming signal” to investors and is dominating the blockchain network.
Saylor’s company MicroStrategy holds a total of 91,326 BTC. The company began acquiring Bitcoin in August 2020, stating that the investment is the company’s treasury reserve asset.
The CEO said to FamilyOffice:
“In my life I’ve never seen something that was such a screaming signal. You’ve got a $200 to $300 trillion addressable market. You’ve got a problem – money is not sound. You’ve got engineered thermodynamically sound money. You’ve got a dominant network. Everybody’s decided it’s the network. It’s exploding.”
Saylor further highlighted that BTC growing 200% yearly over the past 12 years indicates that the digital asset is “exploding.”
According to Saylor, Bitcoin became a much easier trade at the peak of the pandemic in March 2020. He added that the leading cryptocurrency has been “de-risked exponentially.”
Furthermore, Saylor said that he doesn’t think tech giants Facebook, Amazon, Apple, Netflix, and Google (FAANG) will record increases of the same rate as Bitcoin.
At the time of writing, Bitcoin is down 8.68% to $51,381.48.
Image Credits: Pixabay
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