{"id":14615,"date":"2024-06-24T12:51:48","date_gmt":"2024-06-24T09:51:48","guid":{"rendered":"https:\/\/forklog.com\/en\/michael-saylor-predicts-bitcoins-ascent-to-10-million\/"},"modified":"2024-06-24T12:51:48","modified_gmt":"2024-06-24T09:51:48","slug":"michael-saylor-predicts-bitcoins-ascent-to-10-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/michael-saylor-predicts-bitcoins-ascent-to-10-million\/","title":{"rendered":"Michael Saylor Predicts Bitcoin&#8217;s Ascent to $10 Million"},"content":{"rendered":"<p>Michael Saylor, the founder of MicroStrategy, is confident in Bitcoin&#8217;s potential to reach $10 million, driven by support from China and other factors.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/A60jVnAIX40?si=Re7puPcY1QYd1PiK\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>During a podcast with Robin Sier, the entrepreneur described Bitcoin as a &#8220;perfect&#8221; asset:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;What is the difference between perfect and imperfect money? Perfect money is economic immortality. Imperfect money: we all have a short and brutal life.&#8221;<\/p>\n<\/blockquote>\n<p>Saylor believes digital gold acts as a &#8220;corporate machine&#8221; that will enable companies to &#8220;live forever.&#8221; He is convinced that firms investing in Bitcoin will outlast those &#8220;mired in the corporate ailments of the past.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The average lifespan of a corporation is about 10 years. [&#8230;] We are talking about eliminating corporate mortality, we are talking about easily increasing economic viability tenfold, a hundredfold, or perhaps a millionfold,&#8221; added the MicroStrategy founder.<\/p>\n<\/blockquote>\n<p>He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into state infrastructure.<\/p>\n<p>Saylor also described all economic tools that predate Bitcoin as obsolete.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Before Satoshi Nakamoto, economics was a pseudoscience. It was a quasi-religious liberal art, full of opinions, prejudices, and biases. [&#8230;] All economists before Satoshi tried to develop economic laws using shells, glass beads, pieces of paper, and credit instruments,&#8221; the businessman emphasized.<\/p>\n<\/blockquote>\n<p>Earlier, Saylor <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-highlights-ethereum-etfs-advantage-for-bitcoin\">stated<\/a> that the approval of spot Ethereum ETFs in the US creates &#8220;another line of defense for Bitcoin.&#8221; He noted &#8220;accelerated institutional adoption&#8221; thanks to the instrument.<\/p>\n<p>In June, MicroStrategy acquired an additional 11,931 BTC for $785 million. In total, the firm holds 226,331 BTC, purchased for approximately $8.33 billion.<\/p>\n<p>In February, Saylor stated that in the near and long term, the company <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-rules-out-bitcoin-sales-from-microstrategys-holdings\">does not intend to sell<\/a> its digital gold reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor, the founder of MicroStrategy, is confident in Bitcoin&#8217;s potential to reach $10 million, driven by support from China and other factors. During a podcast with Robin Sier, the entrepreneur described Bitcoin as a &#8220;perfect&#8221; asset: &#8220;What is the difference between perfect and imperfect money? Perfect money is economic immortality. Imperfect money: we all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1208,1207],"class_list":["post-14615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-michael-saylor","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14615"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14614"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}