Bitcoin Provided Permanent Summer for Some Investors, According to Michael Saylor, Predicting Cost Soaring to $1,000,000

Bitcoin Bears, Prepare for the Storm! Michael Saylor Predicts Seven-Figure Prices

Get ready to hang on tight, crypto enthusiasts! Michael Saylor, the chairman of Strategy (formerly MicroStrategy), thinks it's time to say goodbye to those winter blues and welcome Bitcoin's ascent to uncharted territory.

In a jaw-dropping interview with Bloomberg, Saylor shared his bold prediction that Bitcoin could explode in value by an astonishing 815% from its current level. That's right - he believes that Bitcoin could skyrocket to a staggering seven figures!

Saylor isn't just pulling numbers out of thin air. He's confident that Bitcoin's boom-and-bust days are behind it, gone with the wind.

"Winter's not coming back. We're past that phase. Bitcoin's not goin' to zero, it's goin' to $1 million."

Driven by a strong bullish thesis, Saylor cites the U.S. government and banks' support for Bitcoin, along with increasing demand, as key factors in his optimistic outlook.

"The President of the U.S. has shown his support for Bitcoin. The U.S. cabinet is onboard with Bitcoin, [U.S. Treasury Secretary] Scott Bessent is a believer, [U.S. Securities and Exchange Commission chair] Paul Atkins is an enthusiastic supporter, [Commodity Futures Trading Commission nominee] Brian Quintenz feels the same way.

The banks are jumping on board to custody Bitcoin. Bitcoin has weathered its toughest storm, the accounts have been squared away.

Now there's only 450 Bitcoin a day available for sale by the miners, which works out to about $50 million worth on the market. If that $50 million is bought, then the price has got to move up to find a price-sensitive seller."

As of this writing, Bitcoin is trading at $109,260. Strap in and hold on tight – if Saylor is right, we're in for a wild ride!

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Bitcoin Provided Permanent Summer for Some Investors, According to Michael Saylor, Predicting Cost Soaring to $1,000,000