Despite the negative market, Micheal Saylor, a maximalist Bitcoin holder and the Chairman and CEO of the MicroStrategy firm, is bullish about Bitcoin. In an interview with CNBC on June 08, he anticipated Bitcoin’s value to be around $1 million sooner or later, while commenting on the new regulation bill from June 7.
To back up his claim, he cited a new crypto bill introduced by Democratic Senator Kirsten Gillibrand and Republican Senator Cynthia Lummis, which would implement crypto-friendly regulations. Bitcoin, according to Saylor, is a “real component that will be with us.”
The interviewer expressed concern about the possibility of BTC dropping in value, implying that his firm MicroStrategy, which possesses about 130,000 BTC, would suffer additional losses. Saylor said that Bitcoin’s price will not likely go to zero. Furthermore, he stated that the current volatility is mostly immaterial.
While presenting justifications for his belief in Bitcoin’s progress, he noted that both skeptics and deniers, who predicted that BTC would crash or that governments would rapidly shut down the asset class because it was not real, were wrong. Governments are attempting to handle it as a substitute, and the value has not yet fallen to zero; nonetheless, he continued, “If Bitcoin does not fall to zero, it will rise to one million.”
Bitcoin, according to the American software entrepreneur, is “obviously higher than gold and everything that gold aspires to be.” He famously stated that if Bitcoin had the same characteristics as gold, it “could only be 5 hundred thousand USD per coin.”
