• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

What is a Layer-1 (L1) Blockchain? L1 Problems & Future

2025-05-03

What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

2025-05-02
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02

    What They Are and What They Are For

    2025-04-17

    What It is & Why it Matters

    2025-04-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Bitcoin»MicroStrategy’s Michael Saylor Calls Bitcoin An Institutional-Grade Asset Destined For $1 Million
Bitcoin

MicroStrategy’s Michael Saylor Calls Bitcoin An Institutional-Grade Asset Destined For $1 Million

2023-12-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Microstrategy’s Government Chairman and Co-founder, Michael Saylor, is one who at all times makes use of each alternative to heap praises on the flagship cryptocurrency Bitcoin. As soon as once more, he didn’t disappoint, as BTC was the middle of dialogue in his newest media look. 

Bitcoin Going To $1 Million

In an interview with CNBC, Michael Saylor said that Bitcoin goes to $1 million if it isn’t going to “zero.” He famous that the “massive query” in relation to BTC’s potential was whether or not or not the digital asset was reputable. In accordance with him, if Bitcoin is a “reputable institutional asset,” then everyone is “under-allocated” to it. 

His remark about Bitcoin probably hitting $1 million appears to stem from his perception that Bitcoin as an asset continues to be untapped, as he expects many institutional gamers to get in on the crypto token. He famous how 99.9% of the world’s capital is at present tied to different world property like bonds, actual property, shares, and valuable metals. Nonetheless, expects that to vary quickly sufficient.

That change, he believes, will stem from training about digital property. From that, Saylor says an increasing number of folks will understand that they must be allocating an increasing number of of their capital to digital property. Curiously, he labeled BTC as a “digital transformation of capital,” alluding to its disruptive nature. 

These institutional gamers may nicely be allocating extra of their capital to BTC as early as 2024. The brand new rule by the Monetary Accounting Requirements Board (FASB) just lately opened the door for companies to incorporate cryptocurrencies like Bitcoin on their stability sheet. As such, we may see different tech companies undertake Microstrategy’s “Bitcoin Technique.”

See also  Why Bitcoin's latest milestone may do little to support BTC bulls

Bitcoin price chart from Tradingview.com

BTC value reclaims $43,000 | Supply: BTCUSD on Tradingview.com

BTC Is Going Foward In 2024

Saylor additionally mentioned a number of macro elements that he considers bullish for Bitcoin going into the brand new 12 months. These elements embrace the potential approval of a Spot Bitcoin ETF, the loosening of financial insurance policies, and wider BTC adoption in nations affected by inflation. 

He additionally alluded to the BTC Halving occasion, which he believes can be bullish for the Bitcoin ecosystem. All these elements type a “confluence of very bullish milestones,” which Saylor initiatives are going to occur over the subsequent six months.  

Saylor will undoubtedly be fulfilled when his firm’s Bitcoin technique has panned out as Microstarategy is at present in revenue with its Bitcoin acquisitions. The corporate’s shares are additionally flying excessive because it just lately hit a 2-year excessive, thanks partially to its BTC publicity.

On the time of writing, BTC is at present buying and selling at round $43,000, up over 4% within the final 24 hours in keeping with information from CoinMarketCap. 

Featured picture from Yahoo Finance, chart from Tradingview.com

Disclaimer: The article is supplied for academic functions solely. It doesn’t characterize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your personal analysis earlier than making any funding choices. Use data supplied on this web site fully at your personal danger.

Source link

Asset Bitcoin calls Destined InstitutionalGrade Michael MicroStrategys Million Saylor
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase users lose $46 million to social engineering scams in March

2025-03-28

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

FBI initiative saves thousands from crypto scams, recovers $285 million

2025-02-13
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

H.R. Giger ‘Alien’ Statue to Be Fractionalized, Sold as NFTs

2023-05-31

NFT Particle, a digital artwork platform that provides fractionalized possession of culturally important artworks by…

NFT

Bitcoin Ordinals Dev Leonidas “Largest Ordinals Airdrop Ever” Runestone Almost Here

2024-02-19

Ordinals developer Leonidas on Monday stated Runestone progress has reached ninety p.c and greater than…

Bitcoin

Bitcoin’s scarcity makes it a ‘killer use case’: Exec explains

2024-03-26

Strike CEO sees Bitcoin appreciating post-halving. The exec believed that Bitcoin shortage made it resistant…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Fantasy Top rebounds above US$1 mln to lead daily NFT sales

2024-05-23

XRP Dips After SEC’s ETF Blow But A Rebound Looks Likely

2023-06-30

Let’s use Web3 to grow projects that fight climate change

2023-11-21

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$102,647.003.95%
  • ethereumEthereum(ETH)$2,205.5119.67%
  • tetherTether(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.317.10%
  • binancecoinBNB(BNB)$624.172.90%
  • solanaSolana(SOL)$162.628.70%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 102,830.55
ethereum
Ethereum (ETH) $ 2,199.99
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.31
bnb
BNB (BNB) $ 624.70
solana
Solana (SOL) $ 162.83
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.195379
cardano
Cardano (ADA) $ 0.771686
tron
TRON (TRX) $ 0.256505