Michael Saylor, the CEO of MicroStrategy, appeared unfazed by bitcoin’s recent downtrend, with prices dropping to a seven-month low of below $53,000 last week. Despite this, Saylor reiterated his strong belief in the potential of bitcoin, suggesting that its current share of global capital at 0.1% could eventually rise to 7%.
Saylor predicted that if bitcoin were to reach 7% of global capital, its price could surge to $13 million over the next two decades. This bullish outlook reflects Saylor’s long-term confidence in the value and growth potential of the leading cryptocurrency.
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While market volatility may shake some investors, Saylor’s unwavering optimism serves as a reminder of the enduring appeal and resilience of bitcoin in the ever-evolving financial landscape.
