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Title: Bitcoin is better money, says Michael Saylor
Michael Saylor, the CEO of MicroStrategy and a prominent figure in the cryptocurrency space, has made a bold claim regarding the future of Bitcoin. According to recent statements by Ryan Rasmussen, a crypto analyst, he believes that Bitcoin will reach an all-time high price of $200,000 or more.
Rasmussen shared his predictions on Twitter, stating that he sees no reason why Bitcoin wouldn’t hit these new heights given the current trends and factors driving its growth. His targets were:
* BTC: Corporation/government buying, ETF flows, and 2024 halving
* ETH: Growth in L2s, stablecoins, and tokenization
* SOL: Memecoins and migration of “serious” projects
On the other hand, he also highlighted potential hurdles such as governments selling Bitcoin, leverage blowout, and disappointing rate cuts.
In a separate statement, Michael Saylor, CEO of MicroStrategy, shared his own prediction for Bitcoin’s future. He believes that in 10 years, Bitcoin will be worth $13 million per coin. According to him, this is because it will have taken away part of gold’s market share by then.
Saylor’s vision sees a world where Bitcoin surpasses gold as the go-to asset for investors seeking a safe-haven store of value. He believes that governments and institutions will begin to buy up significant amounts of Bitcoin, causing its price to skyrocket.
While these predictions are certainly ambitious, they also highlight the potential for growth in the cryptocurrency market as a whole.
Source: u.today
