Michael Saylor from the strategy rejected the fears that the winter of the cryptocurrency market would return, suggesting that the increased reception of Bitcoins and a narrow daily supply would make it accumulate up to $ 1 million.
“Winter does not come back”, Saylor he said Bloomberg on Tuesday. “We are in this phase; if Bitcoin is not zero, it will be $ 1 million.”
Ark Invest Invest in April, a resource manager of billions of dollars, raised the target Bitcoin “Bull Case” price from $ 1.5 million to $ 2.4 million to the end of 2030.
After purchasing USD 50 million in everyday bitcoins, the price must augment
Saylor said that about 450 Bitcoins (BTC) are available for sale every day by Bitcoin miners, which is a value of about $ 50 million at the current price of USD 109,859, According to to Coinmarketcap.
“If it was bought $ 50 million, the price must rise,” said Saylor.
He added that the growing number of public companies buying Bitcoin buys “all natural supply”. The Saylor strategy has accumulated 582,000 bitcoins since it started buying in 2020, which is worth around $ 63.85 billion, According to to Saylor Tracker Data.
“At the current price level, only $ 50 million requires to turn the entire drive shaft of the cryptographic economy by one turn.”
However, Saylor said that if Bitcoin increases to USD 500,000 or USD 1 million, it may be more realistic to forecast that “is about USD 200,000 for a coin”.
Trump and we support cryptocurrencies Another great factor
Saylor said that there are enough confirmations in a wider economy to support your assets forecast. “You have all the evidence that you need to determine,” said Saylor.
He repeated the support of the US President Donald Trump by Bitcoin, supported by the Secretary of the Treasury Scott Bessent and the chairman of the Securities and Exchange Commission Paul Atkins and noted that established banks are also preparing to provide Bitcoin care services.
“Bitcoin has gone through the most risky period; accounting has been improved,” said Saylor.
Related: Michael Saylor’s Ups Bitcoin Bet strategy with an offer of shares worth USD 1 billion
While Trump publicly supported Bitcoins, his tariffs in February were widely seen as a 40% key catalyst by a 40% decrease in Bitcoin in relation to the highest level in January USD 109,000.
Saylor also pointed to Blackrock and other suppliers of the Bitcoin (ETF) stock exchange fund, who buy Bitcoin every day, together with national countries “coming to space”. On May 28, Bilal Bin Saqib, the head of Pakistan of the Cryptographic Council, announced that the country is carried out to establish a strategic Bitcoin reserve.
The founder of Jan3, Samson Mow, recently said the CointeLgraph magazine that the American risk of “Pakistan” on the accumulation of bitcoins, if he does not start buying Bitcoins for the strategic Bitcoin reserve, which Trump created in March.
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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
