Michael Saylor, Executive Chairman at Microstrategy and known bitcoin proponent, gave his personal prediction about the long-term price of the cryptocurrency. On CNBC’s Squawk Box, Saylor stated that BTC would reach $13 million in 21 years and explained that, at some point in the future, bitcoin would trade at S&P 500 volumes plus 8% due to its open, global, and free approach to capital markets. For Saylor, bitcoin will also grow from its current 0.1% of the world’s capital to 7%, with more institutions and banks providing bitcoin-related services. “ Bitcoin is an expression in this view that you want to invest in an asset without counterparty risk. It’s all about people wanting to not take risk,” Saylor concluded.
Michael Saylor Predicts Bitcoin Will Reach $13 Million in 21 Years
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