Bitcoin maximalist Michael Saylor predicts that Bitcoin could reach $500,000 within the next ten years if it equates to the market cap of gold.
The MicroStrategy founder predicted that the $69,000 ATH level could be exceeded in the next 4 years.
Michael Saylor Continues to Defend Bitcoin
Saylor’s company, MicroStrategy, is the company with the most Bitcoin institutionally. The company continued to increase the amount of Bitcoin by purchasing another 301 BTC a few days ago.
Despite the crisis in the markets, Saylor remains optimistic about Bitcoin. According to him, the asset will surpass the ATH level of $69,000 in the next four years.
Michael Saylor said that if the asset equates to the market value of gold in the next ten years, it could see $500,000.
“The next step for Bitcoin is to replace gold as a non-sovereign store of value”
Despite the huge market cap difference between the two assets (around $11 trillion in gold and $365 billion in Bitcoin), Saylor continues to favor Bitcoin.
Saylor said in a statement last year that Bitcoin is 50 times better than gold. Putting on this statement in the past months, Saylor said, “it’s clearly better than gold and anything gold wants to be.”
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