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Bitcoin Gigachad and MicroStrategy chief executive Michael Saylor predicts hundreds of trillions of dollars worth of investments will flow into BTC which can push the BTC price to as high as $14 million per coin.
Saylor ballparks that between $100 trillion and $300 trillion could seek a store of value in Bitcoin, and that’s just in today’s money. If Bitcoin were to reach the $300 trillion market cap Saylor outlines, that would bring each BTC to more than $14 million.
“So ultimately, the amount of monetary energy in the world that’s looking for a safe haven store of value, has got to be between $100 trillion and $250 trillion. Why not all of it? Why not $300 trillion or $350 trillion? The total sum of everything…
In theory, all monetary energy that’s simply looking for a store of value safe haven index should presumably drain out of real estate, cash, stocks and bonds into the Bitcoin network and as that happens the price discovery will return to real estate and bonds…
The top is more than $100 trillion, it’s somewhere between $100 trillion and $300 trillion in today’s money.”
In other trending Bitcoin News today: El Salvador purchases first 400 BTC, President Bukele confirms!
El Salvador President Nayib Bukele confirmed Monday that his government has purchased its first 400 Bitcoin ahead of the Tuesday rollout of a new law set to make the cryptocurrency legal tender.
“Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Tuesday, Sept. 7, timetable for fully implementing the new BTC legislation.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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