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**Michael Saylor Predicts Unaffordable Bitcoin After Banks’ Endorsement**
In a recent statement, Strategy CEO Michael Saylor has made a bold prediction regarding the future of Bitcoin. According to his forecast, Bitcoin may become unaffordable for many individuals once banks and financial institutions endorse it.
Saylor’s comments come at a time when institutional investors are increasingly showing interest in cryptocurrencies like Bitcoin. With this shift in sentiment, it is essential to understand the potential implications for the market.
As Saylor notes, the road ahead for Bitcoin remains uncertain, with various factors influencing its future performance. However, he suggests that once banks and financial institutions begin to back Bitcoin, its value may skyrocket beyond the reach of many ordinary investors.
The Strategy CEO’s prediction highlights the possibility that the cryptocurrency market will become increasingly dominated by large-scale institutional investors, pushing prices further out of reach for retail traders and individual investors.
As a result, Saylor emphasizes the importance of understanding the key factors driving the Bitcoin market. According to him, heightened institutional demand could be the defining force behind its next major rally.
In related news, Bitcoin has recently seen a minor 0.3% dip over the past 24 hours, trading at $93,953. Notably, the cryptocurrency’s trading volume surged by 90.7% during this time to reach $31.8 billion.
With Saylor’s prediction in mind, it is crucial for investors to stay informed about market trends and developments.
Source: https://u.today/michael-saylor-predicts-unaffordable-bitcoin-after-banks-endorsement
