MicroStrategy CEO Michael Saylor told CNBC on Tuesday he believes bitcoin will continue to appreciate in value to the point where the cryptocurrency becomes a “stabilizing influence” for the entire global financial system. His bold prediction that would make the likes of Joe Namath proud, stating that bitcoin will one day reach $5 million per coin coupled with a valuation of $100 trillion.
YouTube’s biggest Crypto Influencer Ben Armstrong aka Bitboy Crypto broke down Michael Saylor’s CNBC interview with his own takes, which is of real value to those that are seasoned in the Crypto game and those that are just coming in.
$5 Million Dollar Bitcoin/$100 Trillion valuation? Damn! I’m not going to say whether Saylor’s prediction is far fetched are not, but what I will say is Bitcoin’s upward swing is not coming to a complete halt anytime soon. Especially when you factor that its continued rapid adoption from a global use-case standpoint coupled with Bitcoin’s scarcity capped at 21 million coins where billions of people want them, are just two examples of many that Bitcoin will continue to skyrocket.
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